SapuraOMV Drills Duster at Kanga Prospect Offshore W. Australia

Friday, June 3, 2022

Oil and gas company SapuraOMV has recently completed drilling operations at the Kanga-1 well offshore Western Australia without encountering commercial hydrocarbon volumes.

SapuraOMV used the Diamond Offshore Ocean Apex semi-submersible drilling rigThe Kanga-1 well, to be plugged and abandoned, fulfills the WA-412-P exploration permit work program obligations.

The well is located in the Dampier Sub-basin, around 20 km east of the Mutineer/Exeter and Fletcher/Finucane oil fields.

Damon Neaves, CEO of Finder Energy, SapuraOMV's partner in the project, said: “Whilst this is a disappointing result, Finder has a high quality and valuable portfolio of drill-ready prospects in both the North West Shelf and North Sea, and we remain confident that our portfolio will deliver a material discovery. Our famous strategy ensured that Finder had minimal financial exposure in Kanga-1."

Finder holds a 15% interest in Kanga-1 and WA-412-P and had a capped well contribution of US$0.94 million.

“Finder remains in a strong financial position and is fully funded to execute our work programs and deliver on our strategy over the next few years. Our focus now turns to farm-outs across our broad portfolio to fund future wells with industry partners, ensuring our existing shareholders are highly leveraged to drilling success," Neaves said.


Categories: Energy Industry News Activity Australia/NZ Drilling Rigs Offshore Drilling

Related Stories

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Santos and QatarEnergy Agree Mid-Term LNG Supply

Current News

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com