MEO Australia Limited, an independent oil and gas company, announced Monday that the ENSCO 104 (400' ILC) jackup was handed over to the NT/P68 Joint Venture Oct. 26 and arrived on location Oct. 27 at the permit in the Timor Sea, Australia. The drilling program is expected to take around 65 days.
Blackwood-2 is expected to spud within the next few days and is planned to be drilled to a depth of 11,024 feet (3,360 meters) rotary table. The appraisal well is approximately 5 miles (8 kilometers) from the Blackwood-1 discovery well and will provide a greater understanding of the distribution of reservoir properties, clarify the position of the gas-water-contact and provide an indication of productivity.
The drilling of Blackwood-2 is an obligation under the NT/P68 Farm-in Agreement (FIA) dated May 17, 2011 between Eni Australia Limited and MEO. Under the FIA and subsequent amendment, MEO’s 50 percent participating interest share of the costs of the well will be carried.
MEO intends to release weekly progress reports.
MEO’s CEO and MD Jürgen Hendrich commented on the announcement:
“We have eagerly been awaiting the drilling of the Blackwood-2 appraisal well. The results will help us to gain a better understanding of the resource size and the potential for the resource to underpin or complement a commercial development.”
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