JV partner Tap Oil has provided an update on the Quadrant Energy-operated Driftwood-1 well in Carnarvon Basin permit WA-320-P in which it holds a 9.778% participating interest.
The WA-320-P permit is located in the Carnarvon Basin, offshore Western Australia and the Driftwood-1 commitment well is located in WA-320-P in the Barrow sub-basin of the Northern Carnarvon Basin, approx. 1km north of the Rosily-1A exploration well which had minor oil shows.
The well was spudded at 13:00 hrs WST on 1 August 2016 with the Noble Tom Prosser jackup drilling rig in 100.8 metres of water and was drilled to a final total depth of 2,111 metres measured depth at 14:20 hrs on 12 August 2016. The well objective was 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.
The well intersected all of the drilling objectives, however all were water wet. There were no hydrocarbon shows intersected in the primary and secondary targets, elevated gas readings were noted from 2,055 metres measured depth to total depth of the well.
The plan for the next 24 hrs is to recover the 30 inch surface conductor and to release the rig the afternoon of 16 August 2016.