Project Profile
Value: Undisclosed
Location: offshore permit AC/P 24 in the Vulcan sub-basin
Water Depth: 110 m / 363 ft
Start-up Year: -
The Kingtree prospect is located in the offshore permit AC/P 24 in the Vulcan sub-basin of the Timor Sea in 361 feet (110 metres) of water. PTTEP operates the permit with a 90% interest while Bengal Energy holds the remaining 10% interest. Exploratory drilling commenced on the prospect in October 2011. The purpose of the well is to help delineate the extent of the potential hydrocarbon deposits in the area.
Operators:
PTTEP: Operator with 90% interest
Bengal Energy: 10% interest
Contractor:
Bond Helicopters Australia: Provide three Eurocopter EC225 helicopters
Diamond Offshore: Drilling contractor with Ocean Patriot semisub