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Carnarvon Petroleum hits 5,041 metres depth for Phoenix South-3 well

As the well gets drilled deeper, thinner equipment is required.
map of phoenix well lcoation
The nearby Phoenix-2 well originally discovered the Caley Member

Carnarvon Petroleum Ltd (ASX:CVN) continues with the drilling of the Phoenix South-3 well which is evaluating the gas and condensate potential of the Caley Member section.

The well is the first drilled by Carnarvon and project operator Quadrant Energy at the Phoenix project located offshore Western Australia in the Canning Basin.

Making progress

The 10-5/8 inch hole has been drilled down to 5,041 metres measured depth with drilling continuing deeper.

The forward plan is to drill the 10-5/8 inch hole from 4,945 metres depth to about 5,160 metres.

Intersecting the Caley reservoir at about 5,183 metres

Following this, the 9 5-8 inch liner will be set before drilling will continue in the 8-1/2 inch hole.

The primary target Caley reservoir is anticipated to be intersected in the 8-1/2 inch hole at a depth of about 5,183 metres measured depth.

560 metres from the Phoenix South-2 well

The primary objective for the Phoenix South-3 well is to evaluate the gas and condensate potential of the Caley Member within an area that was partially penetrated with the Phoenix South-2 well.

Phoenix South-2 encountered gas and condensate in the Caley Member but was unable to drill through and evaluate the section.

The Phoenix South-3 well has been optimally designed to penetrate and evaluate the hydrocarbon-bearing formations of the Caley Member.

READ: Carnarvon Petroleum’s Dorado-1 well approaches gas and condensate target on North West Shelf

Recently, Carnarvon updated on drilling operations at the Dorado-1 well also within the Phoenix project.

The well was at a measured depth of about 3,637 metres and was approaching the 3,800-metre target depth.

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