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Advent Energy issues Seablue-1 Call for Tender

Advent Energy issues Seablue-1 Call for Tender

BPH Energy has announced a Call for Tender has been issued by Advent Energy for the Seablue-1 gas exploration well.

Specifically, the Call for Tender issued the provision of Directional Drilling, Measurement While Drilling and Logging While Drilling for the well.

Seablue-1 is in PEP11 at the Baleen Prospect, which covers 4,576 km2.

Advent Energy aims to drill the Seablue-1 gas exploration well in 125 m of water around 26 km offshore and 30 km south-south-east of Newcastle.

Expected to take around 40 days to reach total depth, the drilling of the well is subject to funding and regulatory approvals.

Advent Energy also plans to have two objectives for the well, that of a gas target and to evaluate the well for Carbon Capture Storage, depending on funding.

Seablue-1 will be plugged and abandoned when it has reached Total Depth and been fully evaluated.

The wellhead and associated equipment plan to be removed from the seabed in line with pre-drill planning as an exploration well.

As an unlisted oil and gas exploration company, Advent Energy holds a strong portfolio of near-term development and exploration assets.

The assets span highly prospective acreage onshore and offshore Australia in proven petroleum basins.

This comes after the announcement BPH Energy that invested around $2.2 million in Advent Energy, making BPH a direct shareholder of 36.1 per cent of Advent.

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