Quadrant Energy has signed a contract with Transocean to drill the Phoenix South-3 well located in the Bedout basin offshore Western Australia.
GSF Development Driller-1 semi-submersible drilling rig will be used for the planned well, which is being designed as a redrill of the Phoenix South-2 well.
The gas and condensate has been found at the top of the Caley interval of the Phoenix South-2 well.
The GSF Development Driller-1 is a sixth generation semi-submersible with dual rig activity, which will enable to carry out effective drilling operations.
Phoenix South-3 well is said to be situated within close proximity to the Phoenix South-2 well.
Phoenix South Caley structure is expected to include a gross mean recoverable prospective resource of 489 Bscf of gas and 57 million barrels of associated condensate, which is equal to 143 million barrels of oil equivalent (boe).
The estimated condensate-to-gas ratio is based on surface gas sampling from a permeable section at the top of the Caley Sandstone met while drilling the Phoenix South-2 well.
Phoenix South-3 well’s primary objective is to evaluate the Caley interval, which the Phoenix South-2 well drilled into but was unable to drill through.
The well is being built to specifically allow for the assessment of Caley interval, while Phoenix South-2 well was designed to evaluate a range of reservoir intervals.
Carnarvon Petroleum provided the update on the upcoming drilling program as advised by the operator, Quadrant Energy.
According to Carnarvon Petroleum, the well commencement window is between1 February and 1 April 2018.
Image: The GSF Development Driller-1 semi-submersible drilling rig will be used for the Phoenix South-3 well. Photo: courtesy of Carnarvon Petroleum Limited.