Ocean Shield Spins Bit in Western Australia

Offshore Carnarvon Basin
(Click to Enlarge)

Apache has commenced drilling the Bath-1 exploration well, located in the TL/2 Production License offshore Carnarvon Basin, Western Australia. Pan Pacific Petroleum, together with the other joint venture partners, are not participating in this well after evaluating the opportunity and determining that it does not meet the required risk-reward criteria. Under the TL/2 joint operating agreement, non-participating joint partners retain the right to participate in a successful discovery subject to back-in penalties. Apache Oil Australia serves as the operator of the license, holding a 51.8% interest; PPP NL holds 23.2%; Santos (BOL) holds 15%; and Tap (Shelfal) holds the remaining 10%.

continue reading the full article

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