Sea Lion a duster for 3D Oil

Offshore staff

MELBOURNE, Australia Joint venture partner 3D Oil Ltd. said the Sea Lion-1 exploration well on permit VIC/57 in the Gippsland basin offshore Australia failed to hit pay. It will now be P&A’d.

Wireline evaluation and sampling of formation fluids were completed and confirmed that no zones of commercial hydrocarbons were encountered in the well.

The exploration well was completed days ago, reaching a target depth of 1,672 m (5,485 ft). At the time, 3D Oil said that hydrocarbons were encountered in target zones.

The company said that West Tolesto jackup will be demobilized.

3D Oil holds a 24.9% interest in permit VIC/P57, with operator Carnarvon Hibiscus Pty Ltd. holding the remaining 74.1%. Carnarvon is a wholly owned subsidiary of Malaysia’s Hibiscus Petroleum.

11/11/2015

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