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Saturday, 30 August, 2008, 11:40 GMT | more prices >>

MEO starts Heron-2 probe

By Upstream staff

MEO Australia has spudded the Heron-2 well in permit NT/P68 of the Timor Sea, the company said today.

Drilling at Heron-2 began late Friday using the jack-up rig West Atlas, MEO said.

The rig has been contracted to MEO from owner Seadrill for two firm wells and one option well.

Depending on the results of Heron-2, the permit partners plan to drill Heron-3, which is designed as a horizontal well, to test well deliverability.

The current focus of the drilling campaign is to establish sufficient commercial gas resources in NT/P68 to support the development of the approved gas-to-liquid projects, the Tassie Shoal methanol and Timor Sea LNG projects.

MEO is operator at permit NT/P68 with a 90% working interest. Petrofac Energy holds the remaining 10%.