Karoon Gas Looking for Rig for Browse Basin Work

Karoon Gas Looking for Rig for Browse Ba
(Click to Enlarge)
Karoon Gas and its joint venture partner, ConocoPhillips, are currently in the process of identifying a suitable rig for their joint operations in the Browse Basin permits WA-314-P and WA-315-P off Western Australia. Drilling is expected to commence between late 2007 and early 2008 depending on the availability and acquisition of a suitable rig.

Karoon and ConocoPhillips have also been offered, and intend to accept, an additional gazettal W06-6 in the Browse Basin Area off Western Australia. The gazettal W06-6 has been offered by the Department of Industry and Resources and upon approval will be awarded by the Commonwealth Western Australian Offshore Petroleum Joint Authority.

The gazettal area, currently known as W06-6, is located immediately to the south of the Karoon ConocoPhillips joint venture's current WA-315-P permit and east of the Woodside operated Torosa gas/condensate field.

ConocoPhillips will hold a 60% interest in the permit area with Karoon holding the remaining 40%. ConocoPhillips will be the operator of the new acreage.

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, visit www.riglogix.com.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours