Karoon Gas Australia has now taken possession of the Olinda Star semisubmersible drilling rig from Petrobras to drill in the Santos basin, offshore Brazil.
The rig is currently in the Campos basin and expected to be on location in the Santos basin running anchors in the next few days with a likely spud date for the Kangaroo-2 appraisal well during the second week of November.
The Kangaroo-2 appraisal well is located approximately 300m updip from Kangaroo-1 and will test the thick reservoir sequence observed in all surrounding wells. It is anticipated that a 350m plus gross hydrocarbon column will be intersected in this well.
The Kangaroo-2 appraisal well is designed to confirm properties for the Kanargoo oil discovery including the size of the oil column, the presence and size of a possible gas cap, and reservoir continuity and properties, and flow rates.
This information will be crucial for assessing the commerciality of the Kangaroo oil field and, which upon success, will be the basis for the front end engineering and design (FEED) phase bringing the project a step closer to commerciality.
Last week, the company announced plans to begin its drilling campaign starting with drilling two to four appraisal and exploration wells off Brazil. The wells in Karoon's plan include S-M-1037, S-M-1101, S-M-1102, S-M-1165 and S-M-1166.
Image from Karoon.
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