ConocoPhillips has made another deepwater gas discovery in the Browse Basin off the north-west coast of Australia.
Partner Karoon Gas Australia says the Pharos-1 exploration well in permit WA-398-P hit a 53 m (174 ft) gross interval with 34 m (112 ft) of net pay interpreted. The probe was drilled in a water depth of 480 m (1,584 ft), with the wireline logging program indicating a gas-charged Montara Formation sandstone reservoir.
Drillstem testing will get underway in the coming weeks, adds Karoon. The well was drilled to a total depth of 5,220 m (17,127 ft).
Pharos-1 is the sixth and final well in the Browse Basin Phase 2 exploration drilling campaign, and is located approximately 9 km north east of the Proteus discovery. It is a further test of the Proteus-Crown trend, says Karoon.
Pharos-1 was targeting an extension of the discovery made at Proteus, which established excellent reservoir quality and condensate-bearing gas in the Montara Formation.
The exploration campaign, operated by ConocoPhillips, has been carried out using the Transocean Legend semisubmersible rig for the final well. The principal objective of the campaign is to better define the size and quality of the hydrocarbon resource within the exploration permits, which contain the Greater Poseidon trend.
ConocoPhillips is the operator of the WA-398-P permit in which Karoon holds 40%.
Recommended Reading
OEP Completes Acquisition of TechnipFMC’s Measurement Solutions Business
2024-03-27 - One Equity Partners said TechnipFMC’s measurement solutions business will be rebranded as Guidant and specialize in measurement technology, automation solutions and global systems.
PE Investors Scoop Up Offshore Services Provider Acteon Group
2024-03-27 - Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.
Exclusive: Is TG Natural Resources Looking to Snap Up More?
2024-03-27 - At Hart Energy's DUG Gas+ Conference and Expo in Shreveport, Louisiana, TG Natural Resources' President and CEO Craig Jarchow said the integration of the Rockcliff Energy acquisition is well underway and that "being acquisitive is certainly" in the company's future.
IKAV and VTTI to Buy Majority Stake in Italy's Adriatic LNG Terminal
2024-03-27 - The closing of the deal to buy majority stake in the Adriatic LNG terminal by VTTI and IKAV is expected in the second half of the year.
Eni, Vår Energi Wrap Up Acquisition of Neptune Energy Assets
2024-01-31 - Neptune retains its German operations, Vår takes over the Norwegian portfolio and Eni scoops up the rest of the assets under the $4.9 billion deal.