Apache explores Phoenix-1 in Western Australia

Carnarvon Petroleum Ltd has reported that the consortium continues to explore the Phoenix South-1 well in permit WA-435-P on the northwest shelf offshore Western Australia.

Offshore staff

Carnarvon Petroleum Ltd has reported that the consortium continues toexplore the Phoenix South-1 well in permit WA-435-P on the northwest shelf offshore Western Australia.

The primary targets for the well are the interbedded sandstones, siltstones, and claystones of the Middle Triassic Lower Karaudren formation and Early to Middle Triassic locker shale. These sands are expected to be intersected while drilling the final-hole section.

Drilling is expected to take three weeks to complete, and following completion, the operator plans to perform logging and pressure and fluid testing.

Equity interest holders in the permit are Apache Energy (operator, 40%); Carnarvon Petroleum (20%); JX Nippon (20%); and Finder Exploration (20%).

07/18/2014

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