Issuance of Tender for Conductor and Surface Casing & Associated Services

Source: 7/5/2021, Location: Not categorized

BPH Energy Limited is pleased to advise that a Call for Tender for the provision of Conductor and Surface Casing & Associated Services for Adventís upcoming exploration well has been issued.

The well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE of the City of Newcastle. The drilling of the well is subject to funding and regulatory approvals and is expected to take around 40 days to reach Total Depth.

The proposed well has two objectives: (i) a gas target and (ii) evaluation for Carbon Capture Storage, subject to funding.

When the well has reached Total Depth and has been fully evaluated, it will be plugged and abandoned as per regulatory requirements, in line with pre-drill planning as an exploration well, the well head and associated equipment will be removed from the seabed.

PEP11 interests are:
Advent Energy Ltd 85 %
Bounty Oil and Gas NL 15%

David Breeze (Director) authorized the release of this announcement to the market.

Gulf Oil and Gas
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