Quadrant Energy reports successful well test at Roc-2 in the Bedout Basin, offshore Australia

Roc-2 flow tested at a maximum (equipment constrained) rate of 51.2 million ft³ per day of gas and 2943 boe/d, from a 25 m thick perforated interval at 4400 m below sea level.

The successful test result highlights the prospectivity of the Bedout basin.

Since farming into the area in 2012, the Quadrant Energy-led joint venture has achieved a 100% success rate in three exploration wells – Phoenix South-1, Roc-1 and now Roc-2.

These results show significant potential in this largely unexplored area situated in relatively shallow water. Quadrant Energy is the Operator and holds between 70 - 80% interest over four (4) permits totaling more than 21 000 km².

The Roc-2 result provides Quadrant Energy the opportunity to evaluate a range of development options given the close proximity to major resource projects. Quadrant Energy is continuing to obtain high quality data to thoroughly evaluate these options in a measured approach.

The announcement adds to Quadrant Energy’s recent exploration success during the year at Davis-1, Outtrim-East-1 and Spartan-1, highlighting Quadrant Energy’s offshore exploration capability and strong acreage position.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/19102016/quadrant-energy-reports-successful-well-test-at-roc-2-in-the-bedout-basin-offshore-australia/