Carnarvon Energy has secured the Transocean Equinox semi-submersible drilling rig for a multi-well campaign that includes exploration wells in the Bedout Sub-basin offshore Western Australia…
Carnarvon Energy has secured the Transocean Equinox semi-submersible drilling rig for a multi-well campaign that includes exploration wells in the Bedout Sub-basin offshore Western Australia, with drilling scheduled to begin from April 2027.
The 2027 campaign is aimed at assessing the scale of the Bedout Sub-basin's resource potential and will target some of the largest prospects in the exploration portfolio, including Ara, Yuma, Goats Eye and Hutton.
The Transocean Equinox was selected following a rig tender process that began in early 2025. The rig is currently working on a multi-well exploration campaign offshore Victoria and is expected to become available early next year.
The drilling program includes one firm well and one contingent well in Carnarvon's exploration permits. If both wells are drilled, Carnarvon said its share of the costs would be approximately $14.3 million (A$20 million), funded from its cash balance of $70.2 million (A$98 million) as of March 31, 2026.
“We are very excited to have signed the contract for the Transocean Equinox, the critical step for the Company to return to drilling in 2027.
“The signing of the rig contract marks a significant milestone on our return to more regular drilling, and we look forward to drilling at
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