ConocoPhillips restarts Browse drilling
Friday, 24 July 2009
CONOCOPHILLIPS and Karoon Gas have resumed their multi-well drilling campaign in Western Australia’s Browse Basin with the spudding of Kontiki-1.
Kontiki-1 is the second well in the Browse Basin campaign and was spudded with the Transocean Legend semi-submersible drilling rig on Wednesday.
The well will be drilled to a total depth of 4160m and is targeting potential resources of up to 5 trillion cubic feet of gas. The well is also about 29 kilometres northwest of the first well, Poseidon-1.
According to Karoon, Kontiki-1 will target a completely new structure, separate to the gas-bearing Poseidon structure, and has the potential to provide a discovery of equal size and magnitude to Poseidon-1.
Poseidon-1 was drilled by the Sedco-703 semi-submersible drilling rig and intersected three gross sand intervals of about 10m, 67m, and 139m.
Following the completion of Kontiki-1, the Transocean Legend will move to drill the Poseidon-2 appraisal well.
The joint venture also holds options for up to six additional wells.
ConocoPhillips is operator of the Browse Basin drilling program, which spans three permits: WA-314-P, WA-315-P and WA-398-P.
The company holds a 51% interest in WA-314-P and WA-315-P, and a 60% interest in WA-398-P.
Karoon holds the remaining stakes in the three permits.
Click here to read the rest of today's news stories.
- Forums
- ASX - By Stock
- KAR
- petroleumnew.net
petroleumnew.net
Add KAR (ASX) to my watchlist
|
|||||
Last
$1.70 |
Change
-0.015(0.88%) |
Mkt cap ! $1.361B |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.67 | $6.485M | 3.843M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5782 | $1.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 1499 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5782 | 1.690 |
1 | 5782 | 1.685 |
5 | 44592 | 1.680 |
1 | 5782 | 1.675 |
6 | 24231 | 1.670 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 9782 | 2 |
1.705 | 5782 | 1 |
1.710 | 20782 | 2 |
1.715 | 5782 | 1 |
1.720 | 8782 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
KAR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online