Quadrant changes commitment well target offshore Australia

Quadrant Energy has decided to replace the previously proposed Palmerston-1 well for Driftwood-1 well in the WA-320-P permit in the Carnarvon Basin, offshore Western Australia. 

A commitment well is due in WA-320-P by the fourth quarter 2016.

According to Tap Oil, a partner in the permit with 9.778% participating interest, after extensive technical evaluation and engagement with the regulator, Quadrant Energy, the operator with 40.665% interest, has recommended the Driftwood-1 well as the year 3 commitment well in WA-320-P replacing the previously proposed Palmerston-1 well.

Tap explained that the Driftwood-1 commitment well has an expected total well cost of A$15.47 million ($$11.5M) (gross), which is substantially lower than the estimated cost for Palmerston-1 of A$98.2 million ($72.9M).

Tap has a 5% carry on the commitment well in WA-320-P of up to $3.5 million (up to a total well cost of $70 million) from JX Nippon Oil and Gas Exploration (Australia).

The Driftwood-1 commitment well is located in WA-320-P in the Barrow sub-basin of the Northern Carnarvon Basin, approximately 1km north of the Rosily-1A exploration well which had minor oil shows.

The Noble Tom Prosser jack-up drilling rig is expected to start drilling the Driftwood-1 commitment well on August 1, 2016.

The company said that the well objective is to test the Early Cretaceous sandstones of the Mardie Greensand Member, Birdrong Member and Zeepaard Formation in a low-relief, northeast-southwest trending four-way dip closure.

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 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 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

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

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