Carnarvon starts drilling Apus-1 off WA
Sydney-listed Carnarvon Energy on April 8 said drilling has started at the Apus-1 well in the Bedout sub-basin off Western Australia.
The Noble Tom Prosser jack-up rig has started operations at Apus-1 with the drilling of the surface hole down to around 175 m measured depth, and installation of the surface conductor.
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The company estimates a gross mean recoverable volume of 235mn barrels of liquids and 408bn fty3 of gas in the Caley and Milne sands within the Apus structure, with Carnarvon holding an average interest of about 25% in the target resource.
The Apus-1 well is located in the WA-437-P exploration permit in which Carnarvon holds a 20% interest. The Apus prospect straddles the boundary between the WA-437-P and WA-438-P exploration permits, with the resource interpreted to extend into WA-438-P in which Carnarvon holds a 30% interest, resulting in an average interest of about 25%.