InterOil Corporation announced that following the approval of the drilling plan by the Papua New Guinea Department of Petroleum and Energy it has started drilling its Bobcat-1 exploration well in Petroleum Prospecting Licence 238 in the Gulf Province of Papua New Guinea.
Bobcat-1 is an exploration well designed to assess the hydrocarbon potential of the carbonates within the Bobcat structure and gather data on shallow marine carbonate reservoir presence, quality and preliminary hydrocarbon volumes. The well will be drilled vertically to a total depth of 3,134 meters (10,282 feet).
The well is expected to take approximately 90 days to drill, log and test, contingent on drilling conditions.
Press Release, March 5, 2014; Image: InterOil