Transocean Equinox Semi-Submersible Mobile Offshore Drilling Unit 

Carnarvon Energy announces the Transocean Equinox semi-submersible mobile offshore drilling unit has been contracted as part of a multi-well drilling campaign which includes wells in Carnarvon’s Bedout Sub-basin exploration permits.

Highlights

• Transocean Equinox contracted for the 2027 Bedout drilling campaign
• One firm plus one contingent well in Carnarvon’s exploration permits
• Bedout exploration drilling campaign on track to commence from April 2027
• Carnarvon’s share of costs to be funded from its strong balance sheet

Carnarvon CEO, Philip Huizenga, commented:
“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 least one, and potentially two, high impact wells next year.

“With our track record and high success rate of 67% when drilling using the latest high quality 3D seismic data, Carnarvon is confident that we will continue to open up the world-class Bedout Sub-basin, with an extension to the north of our previous finds, and in new previously un-tested play-types.

“The Carnarvon team looks forward to working closely with Transocean and the Joint Venture Operator, Santos, to ensure we deliver positive results in a safe and efficient manner.”

KeyFacts Energy: Carnarvon Petroleum Australia country profile