Carnarvon Petroleum (ASX:CVN) has appointed former Woodside Petroleum (ASX:WPL) senior executive Dr Peter Moore as a non-executive director of the company.
With his involvement in the giant Pluto and Calliance gas discoveries offshore Western Australia, Moore’s appointment reinforces the company’s strategic focus in the North West Shelf.
Moore previously led Woodside’s worldwide exploration efforts as its executive vice president exploration.
In this capacity, he was a member of Woodside's Executive Committee and Opportunities Management Committee and was the Head of the Geoscience function across all of the company.
He is currently the Professor and Executive Director of Strategic Engagement at Curtin University’s
Business School, reflecting his broad business experience.
Earlier this month, Carnarvon advised that partner Quadrant Energy was on track to spud the Roc-1 exploration well in the fourth quarter of 2015.
Roc-1 in WA-437-P targets P50 Contingent Resources of 42 million barrels of oil and follows on the successful Phoenix South-1 well in WA-435-P that was confirmed as a light oil discovery.
Quadrant and JX Nippon will fund drilling and testing costs within WA-437-P to US$70 million (gross cost). The current estimate to drill the Roc-1 well is around US$45 million.
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