Karoon completes drilling well in Patola and results exceeds expectations

(PN) Australian Karoon Energy announced that it has concluded the drilling of the PAT-2 well in the Patola prospect, located in the Santos Basin. The well was drilled with the Noble Developer rig (formerly known as Maersk Developer) and reached a total depth of 2,313 meters. According to the company, the preliminary interpretation of the fixed logging data indicated net pay (producing layer) in line with pre-drilling expectations. Also according to Karoon, the quality of the reservoir is better than previously predicted and is in line with the PAT-1 well and wells in the adjacent fields of Baúna and Piracaba.

Remaining activities associated with the development of Patola include the completion of wells PAT-1 and PAT-2 and the installation of a subsea pipeline and umbilicals from Patola to the FPSO Cidade de Itajaí. First production from the Patola field is expected to start in the first quarter of 2023, with an initial production rate of 10,000 barrels per day. Following completion of Patola activities, the Noble Developer rig will head to the Neon field to drill the first of up to two control wells in the area.

“Patola is Karoon’s first development project since taking over as operator of the Baúna concession. The first phase, drilling the wells, was completed on schedule and on budget. Most of the materials for the next phase of development are already in place or ready to be shipped to the site. Subject to weather and other unforeseen delays, the project is on track to start production in the first quarter of 2023,” said Karoon CEO Julian Fowles.

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