Project Profile
Value: Undisclosed
Location: Browse Basin offshore Australia
Start-up Year: -
The Proteus prospect is situated in permit WA-398-P in the Browse Basin offshore Australia. ConocoPhillips operates the permit with a 60% stake; while Karoon Gas holds the remaining interest. Proteus is situated on a large tilted fault block about 7 miles (14 kilometres) southeast of the Poseidon-1 discovery location. The operator planned to explore the prospect in 2Q12.
ConocoPhillips later announced five wells drilled in a phase I exploration phase for permits WA-398-P and WA-315-P had successfully encountered hydrocarbons. All five wells spudded as part of a Phase II in 2014, including Proteus-SD 1, were also deemed to have discovered hydrocarbons.
Operators:
ConocoPhillips: Operator with 60% interest
Origin Energy Limited (Origin): 40% interest
Contractors:
Transocean: Drilling the Transocean Legend (mid-water semisub)