ConocoPhillips Will Sidetrack Proteus-1 Well in WA-398-P

Source: www.gulfoilandgas.com 5/23/2013, Location: Not categorized

JV partner Karoon Gas Australia reports that preparations are being made to sidetrack the ConocoPhillips-operated Proteus-1 exploration well in WA-398-P. ConocoPhillips is the operator of the jointly held WA-314-P, WA-315-P and WA-398-P Browse Basin permits containing the previously announced Greater Poseidon gas discoveries. Karoon Gas Australia holds a 40% equity interest in permit WA-315-P and WA-398-P, and a 90% interest in permit WA-314-P.

Proteus-1 is the third well in the exploration program. Proteus-1 is located in permit WA-398-P on a large tilted fault block approx. 14 kms south south east of the Poseidon-1 discovery well. The Transocean Legend semi-submersible rig is drilling the exploration well, which is operated by ConocoPhillips.

The exploration program, operated by ConocoPhillips, plans to utilize the Transocean Legend semisubmersible rig for the entire campaign and is expected to continue through 2013. A minimum of six wells will be drilled during the second phase Browse drilling campaign. The principal objective of the exploration program is to better define the size and quality of the hydrocarbon accumulations within the exploration permits which contain the greater Poseidon trend. Additional well locations for the remainder of the program will be announced as they obtain joint venture approval.


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