Buffalo-10 spud on schedule
Preparation to spud the Buffalo-10 well is continuing, with the Valaris JU-107 jack-up rig which is currently working in the Timor Sea. With a significant recoverable volume of resource – mid case is estimated to be 31 million barrels – and a low minimum economic field size there is strong likelihood this redevelopment will confirm a sanctionable economic project for Carnarvon and our joint venture partner Advance Energy.
With site surveys confirming the location is suitable for drilling activity, it is anticipated drilling will commence early next month and is expected to reach the reservoir in around 35 days.
Carnarvon is also proud to have recruited 10 Timorese people to assist with operational readiness ahead of the drilling campaign.