SapauraOMV expects to spud its Kanga-1 wildcat in Dampier subbasin exploration permit WA-412-P offshore Western Australia early May.
Finder Energy Holdings Ltd., the company’s Perth-based joint venture partner, said all regulatory and environmental approvals are in place and that the rig handover is on schedule to occur on or about May 1.
Kanga-1 will be drilled by Diamond Offshore’s Ocean Apex semisubmersible rig. Water depths across the split permit are 125-275 m.
Kanga prospect is a large structure on trend to the northeast of Woodside group’s Goodwyn-Perseus-North Rankin gas and condensate fields, and to the west of Mutineer and Exeter oil fields.
The primary objective is the Jurassic-age Legendre formation. ERCE Australia Pty Ltd. has estimated best case prospective resources of 170 million bbl.
Finder farmed out the permit to SapauraOMV in December 2018 for a carry in the well which has been negotiated with a cap of $0.94 million for Finder’s contribution while retaining a 15% interest in Kanga-1.
SapauraOMV is operator with 70% interest. Fugro Exploration Pty Ltd. holds the remaining 15%.
Results of the well are expected in June 2022.