Baleen Tender Program commenced
Perth, May 31, 2021 AEST (ABN Newswire) - BPH Energy Limited (
ASX:BPH) is pleased to announce investee Advent Energy Ltd's wholly owned subsidiary, Asset Energy, has issued a Call For Tender for the provision of subsea wellhead equipment, materials and associated services for the Baleen drilling program.
This equipment provides the 'foundation' for the Baleen well and is the first stage of well construction.
This is an important step in the preparation and planning for the Baleen-1 well ensures that Asset will be ready to commence drilling after relevant approvals have been received.
When the well has reached total depth and been fully evaluated, the well will be plugged and abandoned in line with pre-drill planning as an exploration well, and the well head and associated equipment well be removed from the seabed.
PEP11 interests are:
Advent Energy Ltd 85%
Bounty Oil and Gas NL (ASX:BUY) 15%
About BPH Energy Limited
BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.
The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.
BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.
BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).
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