By OGJ editors
HOUSTON, Apr. 7 -- A group led by Oilex Ltd., Perth, is choosing the first two prospects for drilling on block JPDA 06-103 in the Flamingo Trough in the northwest corner of the Joint Petroleum Development Area in the Timor Sea between Timor Leste and Australian waters.
A rig is under contract and expected to be available in the third quarter of 2009. Four of 10 prospects high-graded for drilling are in less than 470 m of water on the 924,400-acre block. The block is near the ENI-operated Kitan discovery that flowed 6,100 b/d of oil (OGJ, Mar. 17, 2008, Newsletter).
The group identified more than 20 prospects and leads from 3,000 sq km of 3D seismic and open file 2D seismic.
Oilex, operator with 25%, seeks to reduce its interest. Global Energy Ltd. (Videocon), Gujarat State Petroleum Corp. (JPDA) Ltd., and Bharat PetroResources JPDA Ltd. each holds 25%.