Drilling is expected to commence within the next week after allowing for towing and set up. Carnarvon estimates a gross mean recoverable volume of 82 million bbls of liquids and 108 billion ft3 of gas.
Carnarvon holds a 30% interest in this resource, meaning the net liquids resource could be similar in volume to Carnarvon’s interest in the Dorado field in a success case.
The target reservoir is the Caley Formation sands which flow tested at equipment limits of around 11 000 bpd in the Dorado-3 well.
The Pavo-1 well is targeting a prospect with the same reservoir type and trap style as the proven Dorado oil, gas and condensate field. This is an attractive prospect, having an estimated one-in-three (34%) geological probability of success.
After drilling the primary Caley target, the joint venture has the option to drill into deeper stratigraphy including the Lower Archer Formation Dumont Member sands, and the Permian carbonates. Information from these intervals will be highly valuable in assessing the substantial exploration potential north and east of the Pavo prospect.
Following completion of the Pavo-1 well, the rig will drill the Apus-1 well which is located around 20 km south-west of the Pavo-1 well location.
Image of Noble Tom Prosser courtesy of Noble Corp.
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