Karoon Gas: Boreas-1 Drilling Resumes Off Australia

Karoon Gas Australia Ltd announced that today, Boreas-1 was drilling out cement in the 9-5/8” casing shoe. Since the last report, the BOP troubleshooting and function testing was completed satisfactorily and the 9-5/8” casing was successfully pressure tested.

Drilling of the 8-1/2” hole section will commence later today.

The Transocean Legend semi-submersible rig is drilling the exploration well, which is operated by ConocoPhillips.

ConocoPhillips is the operator of the jointly held WA-314-P, WA-315-P and WA-398-P Browse Basin permits containing the previously announced Poseidon and Kronos gas discoveries. Karoon Gas Australia Ltd holds 40% of the permit WA-315-P and WA-398-P, and 90% of permit WA-314-P.

Boreas-1 is located approximately 4 kilometres south of Poseidon-1 in WA-315-P on a large tilted fault block which is part of the of the north-east trending structural high of the greater Poseidon structure. The objective of the well is to test the extent, presence and quality of reservoirs within the Boreas-1 fault block.

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LNG World News Staff, August 17, 2012; Image: Karoon Gas