ConocoPhillips, Karoon Gas spud new well in Browse basin
MELBOURNE -- Pharos-1, the sixth and final well in the Browse Basin Phase 2 exploration drilling campaign, was spudded on May 20, 2014.
Pharos-1 is located approximately 9 kms northeast of Proteus-1 and will be a further test of the Proteus-Crown trend. Pharos-1 is targeting an extension of the discovery made at Proteus-1, which established excellent reservoir quality and condensate bearing gas in the Montara formation.
Pharos-1 is a low risk exploration well with the potential to add considerable resource to any future Poseidon development. The exploration campaign, operated by ConocoPhillips, plans to utilise the Transocean Legend semi-submersible rig for the final well.
The principal objective of the campaign is to better define the size and quality of the hydrocarbon resource within the exploration permits, which contain the Greater Poseidon trend.
ConocoPhillips is the operator of the WA-315-P Browse basin permit in which Karoon Gas Australia currently holds 40%.