Karoon Gas Secures Rig For Browse Basin JV With ConocoPhillips
08 Septembre 2011 - 6:42AM
Dow Jones News
Karoon Gas Australia Ltd. (KAR.AU) said Thursday that its joint
venture with ConocoPhillips (COP) has secured a rig for their
looming drilling campaign in the Browse Basin offshore northwestern
Australia.
A drilling contract signed with Sedco Forex International Inc.
securing the Transocean Legend rig will drill five wells with the
options for an extra three. Drilling is expected to commence in the
fourth quarter of calendar 2011 and run for 18 months to two years,
Karoon said in a statement.
As for its South American assets, Karoon said that a list of
potential joint venture partners will be shortlisted "in the near
future".
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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