Quadrant Energy is set to begin drilling operations at the Outtrim East-1 well in the North West Shelf of Western Australia in June, using the Noble Tom Prosser jackup, according to partner Carnarvon Petroleum.
Carnarvon's CEO Adrian Cook said the well will test the extent of the Outtrim-1 oil discovery and upside potential in new oil charged sands to the north and east of the Outtrim-1 well.
The Outtrim East-1 well is approximately 970m east of the Outtrim-1 well in 95m of water with a target interval around 1400m below the sea bed.
“We are looking forward to completing this well, determining its potential for development, and considering further exploration and appraisal drilling possibilities to enhance the project’s value proposition,” Cook said.
“We are in a very exciting period of time for the company with this well and the Roc-2 appraisal well expected to commence in July 2016 providing significant opportunity for and interest in Carnarvon. Positive drilling results from either or both wells have the potential to materially deliver on Carnarvon’s strategic objective to find and commercialize major oil and gas resources on the North West Shelf.”
Drilling is expected to take 25 days to complete on a trouble free basis, and the cost to Carnarvon is expected to be around US$5.1 million (AU$7 million), based on its 28.5% interest.
Image: Noble Tom Prosser / Noble Corp.
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