Marloo-1 Location, Australia
(Click to Enlarge)
Hardman has elected to plug and abandon Talbot-1 and Talbot-2 as a commitment to the Joint
Authority (Northern Territory and Federal Government) in Retention License AC/RL1 (Hardman
100%). Talbot-1 and Talbot-2 were drilled by Santos in 1989 and 1990 respectively. Both wells
flowed oil on test before being cased and suspended, but are now considered too old and inadequately
positioned to be utilized in any potential development of the Talbot field. This work had already been
included in Hardman's 2005 budget.
Marloo-1 Exploration Well
The Marloo-1 well is located in AC/P26 in the Timor Sea and will spud directly after the Talbot-2
The well will be drilled by Diamond Offshore's semisub, Ocean Bounty. Marloo-1 is approximately 660 kilometers west of Darwin and 52 kilometers southeast of the Challis Field. Water depth at
the well location is 89 meters and the planned total depth is 2,039 meters.
The Marloo-1 well is testing a Late Jurassic structural/stratigraphic trap. The main targets are the
Lower Vulcan Formation and the Montara Sandstones.
Hardman Oil & Gas Pty Ltd hold a 100% interest in the well.
Simon Potter, CEO and Managing Director, Hardman Resources, commented: "these are the first
offshore drilling operations that Hardman has conducted as the "operator" and shows how Hardman
has grown its organizational capabilities in recent times".
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you
need utilization and industry trends or detailed reports on future rig contracts. Subscribing
to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports
using hundreds of available data columns. For more information about a RigLogix subscription,