Drilling at Phoenix South-1 in Permit WA-435-P Finds More Hydrocarbons
Carnarvon Petroleum Limited (Carnarvon) reported Wednesday that the Phoenix South-1 well in permit WA-435-P in the North West Shelf in Western Australia has completed drilling to a depth of 15,075 feet (4,595 meters) measured depth (MD) after encountering the Locker shale.
A further two minor sands were encountered during the additional 180 feet (55 meters) of drilling. While quantitative analysis has not been undertaken on these two 32.8 feet (10 meters) sands, preliminary indications from the real-time logging data are that these are both hydrocarbon bearing.
Currently the rig is undertaking activities to leave the well in a safe condition, and it is anticipated that the rig will leave location by the end of this month. The cost estimate for the well to completion, including additional drilling, is within the previous guidance of approximately $5.58 million (AUD 6 million) net to Carnarvon.
The equity interest holders in WA-435-P are:
- Carnarvon Petroleum - 20 percent
- Apache Energy (Operator) - 40 percent
- JX Nippon - 20 percent
- Finder Exploration - 20 percent
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 3 Offshore Rigs
- Ancala Acquires Apache's Two North Sea Gas Pipeline Assets (Nov 20)
- Apache Raises North America Output Forecast, Swings To Profit (May 04)
- Oil Producer Apache Posts Smaller-Than-Expected Loss (Nov 03)
Company: Carnarvon Petroleum Limited more info
- Carnarvon Adds WA-524-P Permit on Western Australia's NWS to Portfolio (Sep 20)
- Carnarvon Says Positive Signals Emerges from Roc-2 Well Drilling Off WA (Sep 19)
- Quadrant Energy Says Roc-2 Well in Permit WA-437-P Confirms Hydrocarbons (Sep 09)