ConocoPhillips, Karoon Flow Gas from Browse Basin well

Karoon Gas has said that Poseidon North-1 well in Australia’s Browse Basin has intersected gas.

Following Poseidon North-1, the Browse Basin Phase 2 exploration drilling campaign has one remaining well to drill, Pharos-1 well location in permit WA-398-P as the sixth and final well.

Pharos-1 will be targeting an extension of the discovery made at Proteus-1 which established excellent reservoir quality and condensate bearing gas in the Montara formation, Karoon said.

“Pharos is a low risk exploration well with the potential to add considerable resource to any future Poseidon development. The exploration campaign, operated by ConocoPhillips, plans to utilise the Transocean Legend semisubmersible rig for the final well. The principal objective of the campaign is to better define the size and quality of the hydrocarbon resource within the exploration permits which contain the Greater Poseidon trend,” the company added.

ConocoPhillips is the operator of the WA-315-P Browse Basin permit in which Karoon Gas Australia currently holds 40%.