Carnarvon Petroleum Ltd (ASX:CVN) has updated on drilling operations as advised by the operator of the Phoenix South-2 well, Quadrant Energy.
Quadrant is the operator and holds 80%, with Carnarvon 20%.
Phoenix South-2 will be drilled down to a total depth of around 5,500 metres, and is located around 2 kilometres east of the Phoenix South-1 oil discovery well.
The well is located 160 kilometres north-east of Port Hedland in the Bedout sub-basin of the greater Roebuck basin of Western Australia.
Progress
The well commenced drilling on the 30th October and has drilled down to approximately 1,500 metres measured depth.
Current Operations
The well is currently setting the 20” (508mm) casing.
Forward Plan
Once the 20” (508mm) casing has been set and cemented in place, the well will commence drilling the 17 ½” (445 mm) hole.
The rig is expected to take between 2 to 3 weeks to complete the drilling of the 17 ½” hole down to a depth of approximately 3,500 metres measured depth before running the 13 5/8” (346 mm) intermediate casing.
No reservoir objectives are anticipated to be intersected in this hole section.