Strike Energy Raises West Erregulla 2P Reserves 19% to 251PJ
Strike Energy increased West Erregulla 2P reserves by 19% to 251PJ net (40PJ above the 2022 estimate) after integrating Erregulla Deep-1 well and Natta 3D seismic data. The independently audited upgrade extends the field footprint northwest across L25 and L26 licences and strengthens development potential for its 50% interest.
1. Reserve Upgrade Details
Strike Energy boosted West Erregulla 2P reserves by 19% to 251PJ net (a 40PJ increase from the 2022 estimate of 211PJ) after integrating data from the Erregulla Deep-1 well and Natta 3D seismic survey into its subsurface model.
2. Technical Drivers and Auditing
The updated geological interpretation improved understanding of reservoir distribution and extended the field footprint northwest, with the revised estimate independently audited and relating to Strike’s 50% interest in production licences L25 and L26.
3. Development and Strategic Implications
The reserve increase reinforces West Erregulla as the cornerstone of Strike’s Erregulla portfolio, underpinning future development planning in the northern Perth Basin and offering near‐field growth potential from Erregulla Deep structure and adjacent prospects.