BPH Energyâs investee Advent closer to drilling Baleen gas target, carbon capture and storage research
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BPH Energyâs (ASX: BPH) investee Advent has inked a preliminary well services agreement with a global specialist to look at engaging a rig for the Baleen prospect which is part of its PEP-11 gas permit in offshore New South Wales.
Under the well services agreement, Norway-headquartered Add Energy will review rig availability and engagement terms for the proposed Baleen exploration program.
Add Energy will also develop a scope of supply for regulatory and environmental compliance and review the proposed drilling schedule.
In readiness for the proposed drilling, Advent has submitted an application with the National Offshore Petroleum Titles Administrator, which is currently in the âfinal decision phaseâ.