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Karoon Gas Australia Provides Zephyros-1 Progress Report No 3

12 Dec 2012  |  17:19:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Zephyros-1 Progress Report No 3

Karoon Gas Australia advised that at 06:00 hours (WST) on 12 December 2012, mechanical repair of the Blowout Preventers (BOP) was being undertaken. Upon completion of the repairs, the BOP and marine riser will be re-run to the sea floor to allow drilling of the 12-1/4" hole section to proceed. Since the last report, the BOP's and marine riser were run to the sea floor, and after function testing were pulled from the hole for further repair and maintenance. The Transocean Legend semi-submersible rig is drilling the exploration well, which is operated by ConocoPhillips. The Company also reported the exploration program plans to utilise the Transocean Legend semisubmersible rig for the entire campaign and is expected to continue through 2013.

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