The Naccowlah Block is a joint venture of Santos Ltd (55%) and operator, Beach Energy (38.5%), DLS (2%), Inland Oil (2%) and Energy World Corporation (2%) and is one of Drillsearch’s Mature Oil production assets.
Watson West-1 is located west of the existing
Watson and
Watson South Oil Fields in the Naccowlah Block in the South West Queensland Cooper Basin.
Watson West-1 is a near field exploration
well targeting a four-way dip closure adjacent to the
Watson South Oil Field. The
Watson South Oil Field to date has produced 2.3 million barrels of oil from the Basal Birkhead.