Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia this year. Ahead of drilling, the Sasanof prospect had been estimated by independent firm ERC Equipoise to hold a resource of 7.2 trillion cubic feet (tcf) of gas and 176 million barrels of condensate. Energy consultants Wood Mackenzie and EnergyQuest had identified the Sasanof-1 well as one to watch this year. Privately owned Western Gas had called it “one of the most anticipated exploration wells on the North West Shelf in many years”. “Obviously this is a disappointing result,” Western Gas Executive Director Will Barker said in a statement without disclosing any plans for further wells. The Sasanof prospect combined with Western Gas’s Equus gas field off Western Australia had been seen as a […]