Australia: Semi en route to drill Sydney basin well

Bounty Oil & Gas NL, Sydney, said the Ocean Patriot semisubmersible is under tow from the Gippsland basin to drill an exploratory well in the Sydney basin off Australia

By OGJ editors
HOUSTON, Dec. 9
-- Bounty Oil & Gas NL, Sydney, said the Ocean Patriot semisubmersible is under tow from the Gippsland basin to drill an exploratory well in the Sydney basin off Australia

A Dec. 14 spud is expected for New Seachem-1, the first well to be drilled off New South Wales, in PEP 11. Drilling targets are the Cainozoic age Great White and Marlin sandstone stratigraphic prospects 55 km east of Newcastle. Prospective gas resource is 7 tcf.

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