JV partner Karoon Energy reports that LLOG, as Operator, has advised that the Noble Valiant drillship spudded the Who Dat West exploration well, MC 629-1, located in the offshore US Gulf of Mexico, on 24 December 2024 US Central Standard Time (CST).
Who Dat West lies approx. 31 kms west of the Who Dat Floating Production System (FPS), in Mississippi Canyon Lease 629, in a water depth of approx. 740 metres (see location map below).
The well is designed to test two amplitude-supported Upper Miocene reservoir prospects. The well is planned to be drilled to a total measured depth of approx. 7,150 metres, with a maximum hole inclination of 34 degrees, and is expected to take approx. 50 days to drill and evaluate. Independent expert, Netherland Sewell and Associates, Inc., has estimated that the Who Dat West prospect contains 77 MMboe of gross unrisked Prospective 2U Resources()1) , equivalent to 21.6 MMboe net to Karoon on a Net Revenue Interest(2) basis. The geological probability of success is assessed at 36%(1) .
The Who Dat West Joint Venture working interests in Lease 629 at the conclusion of the drilling campaign will be as follows: LLOG (operator) 30% Karoon(3) 35% Westlawn Americas Offshore (30%) Houston Energy 5%(4).
Source: Karoon Energy
