Nexus has advised that on December 2, the Libra-1 exploration well in exploration permit AC/P41 in the Browse Basin, offshore Western Australia, had reached 3,918 meters total vertical depth sub-sea (TVDSS) in a 8 1/2 inch hole.
Based on logging while drilling (LWD) data, and gas shows, the well has encountered gas in a series of thick sand packages over a vertical section in excess of 180 meters gross. Further wireline logging and pressure data is required to determine reservoir quality, column height and hydrocarbon composition. The Ocean Epoch semisubmersible rig is drilling the exploration well which is operated by Shell Development (Australia) Pty Ltd on behalf of the joint venture.
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