Atwood Eagle Spuds Phoenix South-1 Well Offshore Western Australia

Australia-based Carnarvon Petroleum Limited (Carnarvon) disclosed Tuesday that the Atwood Eagle (DW semisub) has commenced drilling operations at the Phoenix South-1 well within WA-435-P on the North West Shelf of Western Australia.

Drilling is expected to continue for approximately 60-70 days which includes time for logging and testing. Total depth is scheduled to reach a minimum of 14,763 feet (4,500 meters), but could extend to 16,404 feet (5,000 meters) depending on the presence of gas below 14,763 feet (4,500 meters).

Managing Director Adrian Cook said, “We’re pleased to have now spud the Phoenix South-1 well and look forward to the results in due course. This well has the potential to be a significant value driver for Carnarvon, but for now we are focused on supporting the Operator, Apache, and continuing with our business of securing new opportunities and sustaining oil production from our assets in Thailand.”

Scheduled Announcements

The Company’s next scheduled announcement will occur after the 9.625 inch casing has been set in approximately 25 days’ time.

Further scheduled announcements are planned as follows:

  • Drilling reaching total well depth
  • Initial results of logging and testing
  • Well plug and abandon; and
  • Gas and core analysis sample results

The Company plans to release well results as determined by the Operator, subject to the Company’s compliance with ASX Listing Rule and legal obligations. In the event that logs and other tests require further clarification, a conclusive result may not be available until after core analysis, anticipated to be six to eight weeks after the well has been completed.

Well Status

As at 24:00 hours May 25, the Operator had drilled the conductor hole to 748.7 feet (228.2 meters) and had run and cemented the conductor (30 inch).


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