Quadrant Hires Transocean Rig at Phoenix South
Tuesday 18 July 2017
Operator Quadrant Energy has secured a drilling rig for its upcoming Phoenix South-3 well off the coast of Western Australia.
Joint venture partner Carnarvon Petroleum revealed Tuesday a contract had been signed with rig owner Transocean for the semi-submersible GSF Development Driller-1.
Carnarvon said the rig was scheduled to commence operations at Phoenix South sometime between 1 February and 1 April.
Phoenix South-3 is being designed as a redrill of the Phoenix South-2 well which discovered gas and condensate at the top of the Caley interval but was unable to assess the reservoir below 5215 metres due to higher than anticipated pressures.
The new well will be specifically constructed to allow for the evaluation of this Caley interval, unlike the Phoenix South-2 well where the design objective was to evaluate a broader range of reservoir intervals.
The Phoenix South Caley structure is estimated to contain a gross mean recoverable prospective resource of 489 billion cubic feet of gas and 57 million barrels of associated condensate.
Quadrant operates Phoenix South with an 80% interest, with Carnarvon holding the remaining 20% equity.