Oilex group to drill in Timor Sea JPDA

A group led by Oilex Ltd., Perth, has identified 10 prospects as potential drilling targets on Block 06–103 in the northwest corner of the Joint Petroleum Development Area in the Timor Sea between Australia and Timor–Leste.Final prospect selection for the first two wells is under way, and the group has placed under contract a floating drilling unit capable of operating in the block. The unit is expected to be available to begin drilling in the third quarter of 2009.The group identified the prospects from a portfolio of more than 20 prospects and leads on the block in the Flamingo Trough.The prospect inventory includes a number of structures with the potential to contain mean e...

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