Hibiscus set to spud Sea Lion (Australia)

Hibiscus Petroleum Berhad is closing to spudding its Sea Lion-1 exploration well, offshore Victoria, Australia, following several delays.

The company on Friday said that its subsidiary, Carnarvon Hibiscus Pty Ltd (CHPL) would take over the West Telesto drilling rig soon, as the rig was demobilized from its previous assignment.

The spud date for the CHPL operated Sea Lion-1 exploration well is expected by October 25, 2015. The overall Sea Lion exploration drilling program is expected to take up to 30 days.

To remind, the company had originally planned to spud the well in June 2015.

The Sea Lion prospect is located 6km from the West Seahorse field.

In the event of a commercial discovery at Sea Lion, there is a possibility of an integrated development with West Seahorse field, which would reduces development and operating expenditure, Hibiscus has explained.

“The estimated prospective unrisked recoverable resources is between 8 and 15 million barrels of oil, with a good probability of success,” Hibiscus said.

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply