QUADRANT Energy is set to start drilling its Outtrim East 1 well on schedule in June, a partner in the permit has announced.
Carnarvon Petroleum told the Australian Securities Exchange that the Noble Tom Prosser rig was due to start drilling the prospect next month in order to test a proven oil play with upside potential.
Located about 970 metres east of the Outtrim 1 oil discovery, the well is to be drilled in 95 metres of water, with a target interval around 1,400 metres below the sea bed.
Drilling the well is expected to take 25 days to complete, with the well testing for hydrocarbons in the lower Cretaceous Barrow group sandstones Pyrenees formation.
The well will also evaluate the objective interval for the presence of reservoir and hydrocarbons and to obtain formation pressures and fluid samples over the hydrocarbon bearing interval.
Carnarvon managing director Adrian Cook said the well would test the extent of the Outtrim 1 oil discovery and upside potential in sands to the north and east of the well.
“We are looking forward to completing this well, determining its potential for development, and considering further exploration and appraisal drilling possibilities to enhance the project’s value proposition,” he said.
“We are in a very exciting period of time for the company with this well and the Roc 2 appraisal well expected to commence in July 2016 providing significant opportunity for and interest in Carnarvon,” he added.
Quadrant Energy holds a 71.5 per cent stake in the WA 155 P permit, with Carnarvon holding the remainder.