Apache Prepares for Further Drilling at Phoenix South-1 Well Offshore WA

Carnarvon Petroleum Limited (Carnarvon) revealed Wednesday that the Phoenix South-1 well in permit WA-435-P on the North West Shelf off Western Australia has completed drilling the shallow hole section and is preparing to drill the intermediate section.

As at 06:00 hours this morning the well had drilled to 4,927 feet (1,502 meters) measured depth (MD) and was in the process of setting 13.375 inch casing in preparation to drill ahead in 12.25 inch hole size.

The Company’s next scheduled announcement will occur after the intermediate hole section has been completed, anticipated to be in approximately two weeks’ time.

Apache Energy and JX Nippon are earning a 40 percent and 20 percent interest in the permit respectively through the drilling of the well down to 14,763 feet (4,500 meters).

Post the fulfilment of the commitments, the equity interest holders will be:

  • Carnarvon Petroleum: 20 percent
  • Apache Energy (Operator): 40 percent
  • JX Nippon: 20 percent
  • Finder Exploration: 20 percent

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