Not a bad resuIt. It was a decent 4 month campaign for Quadrant at VanGogh-14H & 15H and sidetracks to drill the dual laterals. Field has a shallow reservoir & sits in 400m water depth. DD-1 rig was released earlier in the month to PTTEP's Orchid-1 which spudded on the 13th of Jan. Production from VanGogh should bring in the much needed petro-dollars since Fletcher-Finucane dried up mid year.
Net 2P reserves at VG were 9 mmbbls (gross 17 mmbbls with Inpex holding the rest), so still has a few more years worth of Oil left in it before they get stuck into Dorado. Almost time for the Qtrly release today.
Not a bad resuIt. It was a decent 4 month campaign for Quadrant...
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