Karoon Granted Permit Extension for WA-314-P and WA-315-P

The Karoon Gas/ConocoPhillips joint venture in the Browse Basin has been granted an extension in which to complete its third year work commitments for WA-314-P and WA-315-P located offshore Australia.

The Department of Industry and Resources (DOIR) has notified the operator, ConocoPhillips, in writing that "the suspension and extensions for WA-314-P and WA-315-P are as follows:

  • Suspend the condition requiring the completion of Year 3 work by Feburary 11, 2007 for a period of twelve months to February 11, 2008, and;
  • extend the term of the Exploration Permits WA-314-P and WA315-P for a period of twelve months from February 11, 2010 to February 11, 2011.

By way of clarification the effect of this suspension is that Year 3 runs to February 11, 2008 and Year 4 starts on February 12, 2008.

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.