Our diverse portfolio of exploration acreage includes a combination of mature shallow-water permits and more recently acquired frontier acreage. This strong exploration position has been built over more than 20 years of active drilling and targeted seismic acquisition.
In 2016 Quadrant Energy was the most active offshore exploration company in Australia, with a successful, seven-well exploration drilling program including discoveries at Roc, Spartan and Davis.
Key highlights:
- Spartan is a discovery west of Barrow Island, proving up a clearly commercial accumulation of gas in close proximity to existing facilities. Spartan highlights the additional potential for exploration in these mature areas and our ability to keep facilities such as Varanus Island producing for decades to come.
- In the Bedout Basin, the Roc-2 appraisal well tested at sustained rates as high as 54 million standard cubic feet per day and 2940 barrels of condensate per day, from a 25 metre thick perforated interval at 4,400 metres below sea level. These results – along with the 100 percent exploration success rates over four wells – highlight the potential of this largely unexplored area, situated in relatively shallow water near the industrial hubs of the Pilbara. Quadrant Energy is the operator and holds an 80 percent interest over four (4) permits totalling more than 21,000 square kilometres.