Quadrant Energy Awaits Approval to Drill Roc-1 Well Off Western Australia

Carnarvon Petroleum Limited (Carnarvon) disclosed Monday that the operator of the Roc-1 well in permit WA-437-P offshore Western Australia, Quadrant Energy, has reported that the well is ready to spud once the rig owner, Noble Corporation, receives certification and approval for the in-transit safety case modifications to the jackup Noble Tom Prosser (400' ILC).

The equity interest holders (upon satisfaction of the farm in agreement terms) in WA-437-P are:

  • Carnarvon Petroleum - 20 percent
  • Quadrant Energy (Operator) - 40 percent
  • JX Nippon - 20 percent
  • Finder Exploration - 20 percent

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