Karoon to spud Kangaroo-2 appraisal well in November

Karoon Gas Australia has taken possession of the Olinda Star semi-submersible drilling rig from Petrobras. The rig is currently in the Campos Basin and expected to be on location in the Santos Basin running anchors in the next few days.

The rig is expected to spud the Kangaroo-2 appraisal well, offshore Brazil, during the second week of November.

The Kangaroo-2 appraisal well is designed to confirm the size of the oil column, the presence and size of a possible gas cap, reservoir continuity and properties, and flow rates. Karoon says that this information will be crucial for assessing the commerciality of the Kangaroo oil field and, which upon success, will be the basis for the Front End Engineering and Design (‘FEED’} phase bringing the project a step closer to commerciality.

The Kangaroo-2 appraisal well is located approximately 300 metres updip from Kangaroo-1 and will  test the thick reservoir sequence observed in all surrounding wells. It is anticipated that a 350 metre  plus gross hydrocarbon column will be intersected in this well.

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