Australia’s Origin Energy has spudded the Speculant-1 exploration well at 04.00 hours EST on 23 September 2014.
The well is being drilled using the rig Ensign 931. Origin said it would only advise the market again when well operations have been completed with a summary of results, or of any event that is material.
The Speculant-1 well is situated in the Ottway basin approximately 3km off the Great Ocean Road in Nirranda South, about 30km south east of Warrnambool, Victoria. Extended reach drilling technology is being employed to access offshore gas reservoirs. Prognosed total measured depth of the well is approximately 3,800 metres