Quadrant Energy has failed to find hydrocarbons in the Driftwood-1 commitment well on the WA-320-P permit, offshore Western Australia.
The Quadrant-operated WA-320-P permit is located in the Carnarvon Basin and the Driftwood-1 commitment well is located in WA-320-P in the Barrow sub-basin of the Northern Carnarvon Basin, approximately 1km north of the Rosily-1A exploration well which had minor oil shows.
The well was spudded at 13:00 hrs WST on August 1, 2016, with the Noble Tom Prosser jack-up drilling rig in 100.8 meters of water and was drilled to a final total depth of 2,111 meters measured depth at 14:20 hrs on August 12, 2016.
The well objective was to test the Early Cretaceous sandstones of the Mardie Greensand Member, Birdrong Member and Zeepaard Formation in a low-relief, northeast-southwest trending four-way dip closure.
Tap Oil, Quadrant’s partner in the permit, said on Monday that the well intersected all of the drilling objectives, however, all were water wet. There were no hydrocarbon shows intersected in the primary and secondary targets, elevated gas readings were noted from 2,055 meters measured depth to total depth of the well, the company added.
Tap, which holds a 9.778% participating interest in WA-320-P permit, added that the plan for the next 24 hrs is to recover the 30-inch surface conductor and to release the rig the afternoon of August 16, 2016.