Buffalo and Petrofac update

Buffalo and Petrofac update

On the Buffalo project, the integrated Carnarvon and Petrofac team have worked to identify and order key equipment to meet the project timeline to start drilling before the end of the year.

This is particularly important in the current market for scheduling reasons given the impact that COVID has had on procurement times for drilling equipment.

At present, the tender process has advanced considerably for a suitable jack-up rig and we’re looking to lock that in over the coming months with support from our new partner, Advance Energy, and the Timor-Leste Government.

Buffalo Project Drilling Manager from Petrofac, Chris Holgate, said the entire team is working hard to ensure the well achieves all its objectives in a safe and efficient manner.

“We are managing this project with a diligent approach, reviewing and replicating the lessons learnt from the previous nine successful wells,” Chris said.

“I’ve been doing this type of work for a long time now and I have to say, the Carnarvon and Petrofac teams have been working very well together.

“We will be looking for every opportunity to achieve incremental improvements with the aim of minimising well cost without compromising the Buffalo-10 well.

“This is an exciting opportunity for Carnarvon and its shareholders, and for Petrofac, and it is now showing very tangible progress.”