INPEX Browse Ltd. (INPEX), as titleholder on behalf of its joint venture partners, is conducting an exploration drilling campaign to assess the economic potential of gas and condensate reserves contained within the Plover and Brewster reservoirs in the Browse Basin (the Project). The Project will consist of drilling two wells, including vertical seismic profiling (VSP), within exploration permit area WA-285-P.
The Project is located in exploration permit area WA-285-P in Commonwealth waters, approximately 180 km north-west of the Kimberley coastline, at its closest point (Figure 2-1). The closest major town is Derby, located approximately 330 km south of the southern boundary of the Project area.
Drilling operations are anticipated to commence between the fourth quarter of 2014 and second quarter of 2015. Exploration drilling is expected to be completed within 12 months of commencement. Drilling of each well (including moving the mobile offshore drilling unit (MODU) between wells and anchoring) is expected to take up to approximately 90 days to complete, depending on operational efficiencies and weather conditions.
Note: This information has been extracted from the EP Summary. Please refer to the attached EP Summary for more information.