Listed oil and gas explorer Magellan Petroleum will mobilise the Ocean Epoch semi-submersible dri...
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Magellan, operator of WA-288P, said it is looking to spud the Strumbo-1 exploration well not long after the rig arrives on location around 17 January. The Strumbo prospect has mean potential reserves of 100 million barrels oil within a purely structural trap.
Last September, INPEX Corporation farmed into the permit for a 65% interest. Magellan retains 35% and is the initial operator of the joint venture.
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