Advent approved to drill first well in Australia's Sydney Basin

Advent Energy has received approval to drill New Seaclem-1, the first well planned for the frontier Sydney Basin off the eastern Australian state of New South Wales, the company said Monday.
The wildcat gas well is to be drilled to a depth of 826 meters in commonwealth waters, about 55 km(34 miles) east of the city of Newcastle. Thewell is located in Petroleum Exploration Permit 11, operated by Advent subsidiary Asset Energy.
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Source: Platts