Quadrant Energy has confirmed a successful well test from the Roc-2 well, 165 km north of Port Hedland in the Bedout Basin.
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.