Global Oil and Gas (ASX:GLV) - Chairman, Chris Zielinski
Chairman, Chris Zielinski
Source: Chris Zielinski/Twitter
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  • Western Gas has given its joint venture partners Global Oil and Gas (GLV) and Prominence Energy (PRM) new updates on the Sasanof-1 well
  • The Sasanof-1 well will soon be drilled within the Sasanof prospect in WA’s North West Shelf
  • Mobilisation activities have begun and all the required equipment has been loaded onto the rig before drilling begins
  • All three parties are funding the well as they all own a working interest in the Sasanof prospect
  • GLV shares are up 1.72 per cent and trading at 3 cents while PRM is up 4.55 per cent to trade at 1.2 cents

Western Gas has given its joint venture partners Global Oil and Gas (GLV) and Prominence Energy (PRM) new updates on the Sasanof-1 well.

As the name suggests, the Sasanof-1 well will be drilled within the Sasanof prospect which covers up to 400 square kilometres in WA’s North West Shelf.

The upcoming well will be jointly funded by the three parties which all own a working interest in the Sasanof prospect.

Western Gas notified the companies the Valaris MS-1 rig has begun mobilisation activities before departing to the well site.

Secondary anchors securing the rig in the Dampier outer harbour have been pulled, and the rig is secured to the GO Spica support vessel bridle for towing to the Sasanof-1 well.

Primary anchors will then be recovered by the Far Senator. The companies expect mobilisation could take four days, depending on the weather.

Initial preparations for drilling are also being conducted which include preparing the mud mat, low pressure wellhead housing and conductors for deployment, 13-3/8-inch casing stands made up and racked ahead of deployment and third party services equipment are being installed and tested.

Additionally, all required equipment has been loaded onto the rig before drilling begins.

Drilling operations are set to commence on Monday, May 23.

GLV shares were up 1.72 per cent and trading at 3 cents while Prominence was up 4.55 per cent to trade at 1.2 cents at 11:55 am AEST.

GLV by the numbers
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