Drilling report: Key Petroleum

The Canning basin where Key Petroleum will spud the Cyrene-1.

The Canning basin where Key Petroleum will spud the Cyrene-1.

Key Petroleum has cleared the way to spud the Cyrene-1 well, located in EP 438, Canning Basin, Western Australia, after receiving key approvals from its joint venture partners and the Western Australian Government.

The authority for expenditure from Buru Energy, Mitsubishi Corporation and Indigo Oil, as well as Cyrene-1 application to drill by the Department of Mines and Petroleum enables Key to mobilise the DCA Rig 7 to the well site. Drilling is expected to start within three weeks.

“Although the wet season is on the horizon, Key, with the support of the EP 438 joint venture, has taken the necessary measures to ensure that the Cyrene-1 commitment well is drilled,” said Key Managing Director Kane Marshall.

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