Australian operator Western Gas has secured a one-well deal for the provision of semisub Valaris MS-1 to carry out drilling of the Sasanof exploration well offshore Western Australia during Q1 2022.
to carry out drilling of the Sasanof exploration well offshore Western Australia during Q1 2022. Drilling will commence at the earliest in mid-February 2022, subject to approvals, with an estimated total campaign duration of 25 days. According to analysts, Western Gas is paying $230,000 per day for the semi.
The drilling campaign will cost around $20m and Western Gas is finalising an agreement with a listed company to farm in to Sasanof-1 to support the funding of the well.
The Sasanof prospect covers an area of 505 sq km and is estimated to contain 24 Tcf gas and 1.1 b bbls condensate, with a geological chance of success of 35% based on Western Gas estimates.
