DRILLING

Apache books jack-up for WA drilling

APACHE Corporation has contracted Noble Corporation's newbuild Tom Prosser jack-up rig for an unr...

This article is 10 years old. Images might not display.

Being built in Singapore, the rig is designed for drilling depths of up to 30,000 feet in water depths of up to 400ft.

Noble's most recent fleet status report revealed that Apache would use the rig to drill an Australian target from the March to the September quarters next year at a day rate of $US447,000 ($A478,000).

Apache, an established oil and gas producer in WA's offshore Carnarvon and Exmouth basins, agreed to acquire a half stake of Karoon Gas's Carnarvon Basin block WA-482-P last month.

Under the deal Apache committed to funding 90% of an exploration well, capped at $63 million, in the first half of 2015.

Karoon previously said the block had some higher risk, shallower Jurassic targets above the key Mungaroo formation target.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry