LNG

Sept 6 (LNGJ) - ConocoPhillips and Karoon Gas Australia drilled into a potential natural gas-bearing reservoir in their Boreas-1 prospect well in the Browse Basin of northwest Australia from where feed-gas will supply at least two new LNG projects, Browse LNG and the Prelude Floating LNG venture. The "Transocean Legend" semi-submersible rig is drilling the exploration well where ConocoPhillips is the operator. The exploration programme will continue through 2013.