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CARNARVON SECURES VALARIS JU-107 TO DRILL BUFFALO-10 WELL IN THE TIMOR SEA

Carnarvon Petroleum advised that the VALARIS JU-107 jack-up drilling rig has been contracted for the Buffalo-10 drilling operations. The drilling operations are expected to commence once the rig has completed its current operations. The rig is currently operating in the Timor Sea, around 300km from the Buffalo location, and is expected to be completing those operations in around 8 to 10 weeks time. Once these operations are complete, the rig will mobilise to the Buffalo location to commence drilling the Buffalo-10 well.
The final well timing will be subject to securing the remaining drilling support services and equipment, and joint venture and regulatory approvals, all of which are well progressed. Carnarvon Managing Director and CEO, Mr Adrian Cook, said: “We are delighted to have signed the contract with Valaris to drill the highly anticipated Buffalo-10 well later this year. Having secured a rig that is currently in operation is hugely beneficial in terms of the direct continuation of drilling and associated services. The Carnarvon team has previous experience with this drilling unit as it drilled the transformational Dorado-1 discovery for Carnarvon in 2018. Carnarvon is looking forward to similar success for the Buffalo-10 well. The signing of the rig contract marks another significant milestone for the Company as we move towards drilling and subsequent redevelopment of the Buffalo field. The Carnarvon team looks forward to working closely with Valaris to deliver the Buffalo-10 well safely and efficiently.”
Valaris JU-107 is a 400 ft jackup built by Singapore’s Keppel Offshore & Marine in 2006. The rig is currently drilling for Jadestone Energy in the Timor Sea.
The Buffalo Field was originally developed and operated by BHP & Nexen in 1999, producing 21 MMstb over 5 years. The licence was previously located in the north western Australian waters, but since 2018 has been located entirely in Timor-Leste waters. Carnarvon was awarded the WQ-523-P permit in 2016 for an initial six-year term.
(Source: Carnarvon Petroleum/Advance Energy)