Woodside to Abandon Bounty-3 Well

Woodside Petroleum says that operations on the Bounty-3 well, located in the Carnarvon Basin offshore Australia, were completed this week and the Ocean Epoch semisub is moving to the to the Exeter-4 well location.

The well was drilled to a total depth of approximately 3,800 meters, wireline logs were run, and the well was plugged and abandoned.

Preliminary wireline log evaluation indicates a small oil accumulation was intersected which will require further analysis in order to establish its commercial significance.

Woodside's interest in WA-191-P is 8.2%. Other participants are Santos Ltd. (Operator, 33.3977%), Kufpec Australia Pty. Ltd. (33.4023%) and Nippon Oil Exploration (Dampier) Ltd. (25.0%).