Karoon Energy Drilling Tumbles Basin Exploratory In Peru
Drilling Activity Details
Geo Coordinate
Drilling Activity Summary
Description
Karoon Energy is underway at exploration well #1-Marina in Block Z-38 Tumbes Basin, Peru. The well has a planned depth of 3,000 m. Karoon is the operator and has a 40% net interest in Block Z-38. The Marina prospect has a gross prospective resource best estimate of 256 MMbbl of oil and comprises a large fault bounded structure with targets at multiple levels from 900 m to 3,000 m. The targets are in the Tertiary Pliocene La Cruz to Cardalitos formations. Melbourne, Victoria-based Karoon is the operator of Block Z-38 and the Marine Prospect with 40% interest in partnership with Tullow Oil, holding 35%, and Pitkin Petroleum with the remaining 25%.
Description
Karoon Energy is underway at exploration well #1-Marina in Block Z-38 Tumbes Basin, Peru. The well has a planned depth of 3,000 m. Karoon is the operator and has a 40% net interest in Block Z-38. The Marina prospect has a gross prospective resource best estimate of 256 MMbbl of oil and comprises a large fault bounded structure with targets at multiple levels from 900 m to 3,000 m. The targets are in the Tertiary Pliocene La Cruz to Cardalitos formations. Melbourne, Victoria-based Karoon is the operator of Block Z-38 and the Marine Prospect with 40% interest in partnership with Tullow Oil, holding 35%, and Pitkin Petroleum with the remaining 25%.