MEO Australia Limited provides the final update in relation to Blackwood-2 being drilled in NT/P68, operated by Eni Australia Ltd (Eni).
Since the last report, in accordance with pre-drilling plans, the well was plugged and abandoned following conclusion of production testing. The rig was released from the drilling location at 14:45 hrs (local time) on 3rd January 2014.
The drilling of Blackwood-2 was an obligation under the NT/P68 Farm-in Agreement (FIA) dated 17th May 2011 between Eni and MEO. Under the FIA and subsequent amendment, MEO's 50% participating interest share of the well costs were fully carried.