Global Oil & Gas has reported that Western Gas and ASX listed Prominence Energy have executed a binding Term Sheet for a 12.5% interest in the Sasanof-1 Prospect, located in permit WA-519-P, offshore Western Australia.
Western Gas has executed the formal contract with Valaris for the MS-1 semi-submersible rig to drill the Sasanof-1 exploration well in WA-519-P. The Sasanof Prospect is on trend and updip of the liquids rich, low CO2 Mentorc gas and condensate field and nearby the giant gas fields of Scarborough and Io-Jansz in the Carnarvon Basin.
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