Karoon rig contracted for Santos drilling campaign

Karoon has executed final agreements with the QGOG Constellation group for contracting the ‘Olinda Star’ semi-submersible drilling rig.

The rig has been contracted to complete up to four wells in Karoon’s 65% owned and operated Santos Basin blocks, S-M-1037, 1101, 1102, 1165 and 1166. The rig contract consists of two firm wells (the Kangaroo-2 appraisal well and the Kangaroo West-1 exploration well) and two option wells. The drilling campaign is expected to begin in September 2014.

Comments

Executive Chairman, Robert Hosking, commented: “The primary objective of the drilling campaign is the appraisal of the Kangaroo oil discovery. The Kangaroo-2 appraisal well is designed to confirm the size of the oil column, reservoir continuity and properties, and flow rates for the Kangaroo oil discovery. This information will be crucial for assessing the commerciality of the Kangaroo field, and, on success, will be the basis for the Front End Engineering and Design phase.”

Santos Basin drilling

The rig contract provides Karoon with two firm wells plus two option wells allowing maximum flexibility for further appraisal of the Kangaroo discovery, including testing and appraisal of the Kangaroo West prospect in the event of successful drilling.

The initial two wells will satisfy Karoon’s 2014 Santos Basin drilling commitments.

Karoon will be using its specialist team of drilling engineers who successfully completed the company’s initial three exploration well drilling campaign in the Santos Basin on time and under budget.

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/15072014/karoon_rig_selected_for_santos_drilling_1048/