Valaris MS-1 Preparing for Departure to Sasanof-1 Location

Source: www.gulfoilandgas.com 5/12/2022, Location: Not categorized

Western Gas has provided an operational update on the drilling of the Sasanof-1 exploration well and will issue further updates upon the completion of campaign milestones:

- Valaris MS-1 rig is anchored in the Dampier outer harbour and is on schedule to commence tow to the Sasanof-1 location on 16 May 2022.

- Western Gas’ drilling operations team have been deployed to the field and are now on board the MS-1 rig undertaking pre-mobilisation checks.

- Drilling support vessels commenced logistical operations as scheduled on 9 May 2022, with the transport and loading of drilling equipment and bulk materials to the MS-1 rig.

- More than 800m of 18-3/4” marine riser for deploying the Blow Out Preventer (BOP) is being transported to the rig in preparation of deployment at the Sasanof-1 location (water depth of 1070m).

- Drilling operations are expected to commence as planned on 24 May 2022.

ABOUT SASANOF

The Sasanof Prospect covers an area of up to 400 km2 and is on trend and updip of Western Gas’ liquids rich, low CO2 Mentorc Field.

ERCE estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Tcf gas and 176 Million bbls condensate (P50 (1) ), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P10(1) ).

Sasanof is a large, seismic amplitude supported, structural-stratigraphic trap in the high-quality reservoir sands at the top of the Cretaceous top Lower Barrow Group formation on the Barrow Delta within the Exmouth Plateau.

Sasanof-1 will be Western Gas’ first well drilled from its extensive exploration portfolio surrounding the existing Equus Gas Project that contains a discovered resource of 2 Tcf and 42 MMbbl (2C Gaffney Cline). The Equus Gas Project has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells.

Western Gas (519P) Pty Ltd is the holding company for Sasanof and comprises the following working interests:

- Western Gas – 52.5%
- Global Oil and Gas – 25%
- Prominence Energy – 12.5%
- Clontarf Energy – 10%



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