Early production reportedly commenced using the operator’s modular production facility and a low-cost rental pumping system. The pumping capacity of the facility will be upgraded once the reservoir performance is established.
Australian-Canadian Oil Royalties (ACOR) said that production rates will be monitored before completing an assessment of potential reserve additions. The new Cleansweep oilfield is the first to commence production within ACOR’s Cooper-Eromanga Basin license area PEL 100.
ACOR management noted that it is excited about the new revenue stream that is now being generated from the new Cleansweep oil field discovery. There are reportedly several more drilling leads identified from seismic on PEL 100.
