Australia: Carnarvon Petroleum secures rig for high impact Pavo & Apus drilling
03 Mar 2021
Positive drilling results are capable of materially increasing Carnarvon’s resources in the region
Pavo-1 well will target 101 mmboe (Pmean,Gross) in a location near the Dorado field
Apus-1 well will target 307 mmboe (Pmean,Gross) also in a location near the Dorado field
Pavo-1 and Apus-1 are expected to be drilled sequentially commencing in late 2021
Both exploration targets have the potential to be tied back to Dorado enhancing project economics
Carnarvon Petroleum has confirmed that the Noble Tom Prosser jack-up drilling rig has been contracted to drill the
Santos Hires Rig to Drill Off Western Australia
Mar 3, 2021 12:05:pm
Summary
by: Shardul Sharma
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Santos has contracted the
Noble Tom Prosser jackup rig to drill the Pavo-1 and Apus-1 exploration wells offshore Western Australia, its partner Carnarvon Petroleum said on March 3.
The drilling programme is expected to begin in late 2021 with the Pavo-1 well and will be immediately followed by the Apus-1 well. The company believes that both prospects have the potential to materially increase the aggregate development resource for the Dorado field if successful.
Apus and Pavo are two exploration targets near the Dorado discovery in the Bedout basin. Pavo-1 well will target 101mn boe while Apus-1 well will target 307mn boe. The Dorado oil and gas field, one of the biggest finds off Australia in recent years with 283mn barrels of oil equivalent proven and contingent resources, is in permit WA-437-P offshore Western Australia. Carnarvon holds a 20% inte
15 February 2021 | 14:51pm
StockMarketWire.com - Advance Energy provided an update on the Buffalo oil field, reporting that Carnarvon Petroleum has awarded a drilling management services contract to Petrofac for the B-10 appraisal well.
The B-10 appraisal well is expected to be drilled in the second half of 2021, subject to funding, rig availability and government approvals. Advance Energy entered into a subscription agreement with Timor-Leste Petroleum, a subsidiary of Carnarvon, to obtain up to a 50% equity interest in Carnarvon Petroleum Timor in December.
Carnarvon Petroleum holds a 100% working interest in the Buffalo oil field. It is currently making drilling preparations for the B-10 appraisal well, which is designed to drill the crest of the structure with the objectives of re-certifying resources into reserves and finalising the development plan for this proven oil field.
Why investors are pushing the Carnarvon Petroleum (ASX:CVN) share price higher
Bernd Struben | December 17, 2020 12:27pm |
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The
Carnarvon Petroleum Limited(ASX: CVN) share price is moving higher today, up 3.5% at the time of writing.
This comes after the company released a progress report on its Buffalo oil field, located offshore Timor-Leste in the Bonaparte Basin.
What did Carnarvon announce today?
In this morning’s update to the ASX, Carnarvon reported that it is progressing with plans to drill its Buffalo-10 well. Carnarvon plans to commence drilling in late 2021. The company has entered into a binding agreement with Advance Energy to support the redevelopment.