Santos Leases Transocean Rig for Bedout Drilling in Australia

en.Wedoany.com Reported - Santos has leased the Transocean Equinox semi-submersible drilling rig from Transocean for a multi-well exploration drilling campaign offshore Western Australia. The semi-submersible rig will target several large prospects identified within the Bedout Sub-basin exploration permits, as confirmed by partner Carnarvon Energy. The rig is planned to drill targets including Ara, Yuma, Goats Eye, and Hutton.

Under the operational schedule, the semi-submersible rig is currently executing a multi-well drilling program offshore Victoria, expected to conclude in early 2027. Subsequently, drilling activities in the Bedout area will commence in April, covering one firm well and one contingent well within Carnarvon Energy's exploration permits. Santos has been seeking a suitable semi-submersible rig since early 2025 and has finalized the lease of the Transocean Equinox.

The drilling aims to more precisely define the resource potential scale of the Bedout Sub-basin, with the relevant structures identified in the Bedout MegaMerge 3D seismic survey.

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