Blythe

Blythe – Blocks 48/22b & 48/23a (Source: Wood Mackenzie PathFinder/IOG)

The Blythe Field was discovered in 1966 by well 48/22-1, drilled by Burmah.  It is a good quality Rotliegend reservoir.  It was subsequently appraised by wells 48/22-2, 48/23-3 and 48/23-4 drilled by Arco between 1987 and 1990 which both tested up to 15 MMscfd.

CPR Gas in place estimates are as follows:

Blythe  GIIP (Bcf) P90 P50 P10
Gross 38.8 52.3 84.2
Net to IOG 19.4 26.2 42.1

CPR economically recoverable reserves are estimated at

Blythe Reserves (Bcf) 1P 2P 3P
Gross 22.3 34.3 47.5
Net to IOG 11.2 17.2 23.8

(Source: Competent Person’s Report.  ERC Equipoise.  September 2013.)

In addition to the gas reserves, there is an estimated condensate yield of approximately 10.5 Bbls/MMcf in the Blythe gas.

The current licence, P1736, was awarded in May 2010 in the 25th licensing round and is currently owned:

Alpha Petroleum Resources Ltd 50% (Operator)
IOG 50%

FDP submission is targeted in 2015 for development via a single horizontal tri-lateral well. First gas target is Q4 2016 or Q2 2017 depending on the requirement for a platform.