Quadrant to drill Driftwood-1 off Australia

OE Staff
Thursday, June 30, 2016

Quadrant Energy has decided to change its drilling plans in the Carnarvon Basin offshore Western Australia. 

The firm had proposed to drill the Palmerston-1 well. After a technical evaluations and engagement with the regulator, Quadrant now plans to drill the Driftwood-1 well, says partner on the license, WA-320-P, Tap Oil (9.778% participating interest). The well is a commitment well, due in WA-320-P by Q4 2016. 

The Driftwood-1 well has an expected total well cost of A$15.47 million (gross), which is substantially lower than the estimated cost for Palmerston-1 of A$98.2 million, says Tap Oil. 

Driftwood-1 is in WA-320-P in the Barrow sub-basin of the Northern Carnarvon Basin, offshore Western Australia, approximately 1km north of the Rosily-1A exploration well which had minor oil shows.

Quadrant Energy is due to use the Noble Tom Prosser jackup drilling rig, with operations starting 1 August.

The well objective is to test the Early Cretaceous sandstones of the Mardie Greensand Member, Birdrong Member and Zeepaard Formation in a low-relief, northeast-southwest trending four-way dip closure.

Categories: Exploration Jackup Drilling

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