Advent Energy shareholder BPH Energy has advised that a Call for Tender has been issued by Advent Energy for the provision of Directional Drilling, Measurement While Drilling and Logging While Drilling for the Seablue-1 gas exploration well.
The well is located in PEP 11, in the Sydney Basin, offshore Australia. 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 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 and, in line with pre-drill planning as an exploration well, the wellhead and associated equipment will be removed from the seabed.
PEP 11 interests are: Advent Energy 85%; Bounty Oil and Gas 15%.