South Galapagos-1 spudded

Magellan Petroleum Australia Ltd has announced the spudding of the offshore South Galapagos-1 wildcat exploration well in the WA-306-P JV. The acreage is located in the Southern Browse Basin, 280 km off the coast of Broome, and water depth has been rated at 342 metres.

The proposed total depth for South Galapagos-1 is 3,772 metres with the primary objective being the Jurassic Lower Vulcan and Plover Formations. The drilling rig on-site is the Sedco 703 semi-submersible.

In a statement Magellan said, “The exploration well in exploration permit WA-306-P spudded at 1am Western Standard Time on 5 October and at 6am WST [on 7 October the well] was at a depth of 1,655 metres and drilling ahead in 17½" hole.

“The well is being drilled by Antrim Energy Australia, operator of the WA-306-P joint venture, with Magellan being fully funded through the drilling of the well,” it added.

Antrim Energy is the operator and holds a 32.5% stake. The other partners are India’s ONGC Videsh Ltd (55%) which farmin in only weeks ago and Magellan (12.5%).