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Coral Sea Petroleum Limited Announces Commencement Of Drilling Exploration Well Offshore PNG

Tuesday, 9 Apr 2013 12:46am EDT 

Coral Sea Petroleum Limited announced it had commenced drilling of the first exploration well offshore PNG in more than 12 years. The Flinders 1 well was spudded on March 31, 2013 by the operator Oil Search Limited in its Papuan Gulf license PPL 244. CSP operates, and has a 100% interest in, two nearby offshore licenses in the Papuan Gulf (PPL 356 and 357). Flinders 1 is located in a water depth of approximately 100 meters and is targeting basin-¬≠floor fan sandstones of Pliocene age. It has a planned depth of 3,250 meters and is expected to take 30-¬≠35 days to drill. 

Company Quote

18 Dec 2014