Exploration/Development Briefs

04/16/2012
Australia Bengal Energy Ltd., Calgary, has purchased a 3,000-m capacity rotary rig and expects it to be mobilized to Brisbane from Dubai by July 2012 for the company's drilling program on 100% owned ATP 732 in the southwestern Cooper/Eromanga basin. The company has identified six potential drilling locations in four key play types at 1,000-1,800 m that include light oil in Jurassic, Cretaceous, and fractured basement and gas in Permian Toolachee sandstones. Gabon Perenco SA has completed the purchase of a 100% equity interest in the EOV permit offshore Gabon from Bowleven PLC for $38.6 million including a working capital adjustment. Bowleven said the sale will provide additional working c...
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