$100 million plus drilling campaign offshore WA

International oil and gas well construction and services company, the Peak Group, has kicked off a $100 million-plus drilling programme off Western Australia's north coast.
It is the first time in Australian operations that a well construction project management company has established a shared programme for a number of different operators.
The one year, eight-well campaign, has kicked off at Australian junior AED Oil Ltd's Puffin development in the Timor Sea, about 80km south west of the Jabiru and Challis oil fields.
It will involve the drilling and completion of two development wells and an exploration well.
The Peak operation will also involve wells for Santos, one of Australia's largest hydrocarbon producers, US international ConocoPhillips and the Italian ENI energy group, all in the Timor Sea.
This is the first time in the history of the Australian offshore oil and gas industry that a project management team has put together a multi-client programme and held all the contracts, Perth-based Peak Group's Asia Pacific operations manager Nick Muecke told WA Business News.