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Kan Tan IV consortium extended
5 February 2008
The Kan Tan IV drilling consortium, convened and managed by Australian Drilling Associates, recently had 4 firm wells added to its drilling program. The additional 160 days are taken by an additional operator, which has increased the number of participating Operators to 5.
The Kan Tan IV consortium drilling program now has a total duration of 534 days to drill 12 wells in Australia and New Zealand, and is expected to commence in Australia's Bass Strait late Q3, 2008.
The Kan Tan IV is owned by Sinopec, managed by Maersk Contractors and currently rated to drill in waters up to 1500 ft. ADA will be responsible for managing all aspects of the well planning and preparation and drilling operations for consortium members.
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