Finder Energy Holdings Limited Announces Rig Mobilised to Drill High Impact Kanga-1 Oil Well
be announced in late May/early June. The joint venture has submitted an extension to permit year 5 of WA-412-P to the National Offshore Petroleum Titles Administrator (NOPTA) and expects the extension to be granted within a month. Kanga-1 Drilling Plan: The Diamond Offshore Ocean Apex semi-submersible drilling rig has been contracted to drill the Kanga-1 exploration well. Kanga-1 is a vertical well with an estimated time to drill, plug and abandon and demobilise the rig around 30 days (base case, trouble free). The base case well design is drill 42" x 26" hole to around 222 metres and set 36"x 20" conductor; drill 17 ½" hole to around 2,065 metres and set 13 3/8" intermediate casing; drill 12 ¼" hole to around 3,128 metres and set 9 5/8" casing; Drill 8 ½" hole through reservoir objective to a well total depth of around 3,300 metres; Plug and abandon well. No hydrocarbons are anticipated above the 8 ½" hole sections. In a success case, the well will be comprehensively evaluated with a wireline program which includes pressures and sampling. In all cases, once the drilling of Kanga-1 is completed the well will be plugged and abandoned in accordance with the approved drilling plans.