Monday 12 October 2020

Ocean Apex drilling rig mobilised for Ironbark-1 exploration well

The Ocean Apex semi-submersible drilling rig was handed over to BP, the operator of the

WA-359-P joint venture, for the drilling of the Ironbark-1 exploration well at 1600hrs (AWST)

on Friday afternoon.

The rig is now being mobilised to the Ironbark-1 well location, with standard rig inspection

and acceptance procedures being undertaken by BP. Mobilisation activities are expected to

take approximately 10 days.

Exploration permit WA-359-P is located in the Carnarvon Basin, offshore Western Australia,

approximately 50km from existing North West Shelf LNG infrastructure. The Ironbark-1 well

is expected to drill to approximately 5500 metres and will be the first test of the world class

Ironbark gas prospect.

The WA-359-P Joint Venture participating interests are:

BP (operator) 42.5%

Cue 21.5%

Beach Energy 21%

New Zealand Oil and Gas 15%