Australia: Karoon Gas Updates on Grace-1 Drilling

Karoon Gas Australia sad that on Friday, preparations were being made to conduct scheduled Blowout Preventer (BOP) testing. On completion of BOP testing, the Grace-1 well will continue drilling in the 6-1/2” hole section.

The current hole section contains the primary Lower Plover formation target.

Since the 6th December 2013 Grace-1 progress report, the 6-1/2”hole section was drilled a total of 372 metres, from 4,395 to 4,767 metres.

Grace-1 is the fourth well in the current exploration program, and located in permit WA-314-P on a separate structural trend to the previously announced Greater Poseidon gas discoveries. The well is located in a crestal position on a large fault block approximately 35 kilometres north of the Poseidon field.

ConocoPhillips is the operator of the jointly held WA-314-P Browse Basin permit in which Karoon Gas Australia Ltd holds 90%.

The Transocean Legend semi-submersible rig is drilling the exploration well.

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LNG World News Staff, December 20, 2013; Image: Karoon Gas