Karoon Gas Updates on Proteus-1 Drilling (Australia)

At 06:00 WST on the 19th of April, Proteus-1 was drilling ahead in the 12-1/2” hole section at a depth of 4166mRT. Since the last update the 12-1/2” hole section has been drilled from 2913m to its current depth.

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 Greater Poseidon 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.

Proteus-1 is the third well in the exploration program. Proteus-1 is located in permit WA-398-P on a large tilted fault block approximately 14 kilometres south east of the Poseidon-1 discovery well.

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LNG World News Staff, April 19, 2013