Falcon Oil & Gasoline Ltd. mentioned Tuesday it had spudded a properly within the Beetaloo sub-basin in Australia’s Northern Territory, concentrating on to drill 10,499 ft (3,200 meters) deep.
The Shenandoah South IH (SSIH), the primary of two horizontal wells Falcon has scheduled for drilling this 12 months, sits 37 miles (about 60 kilometers) from the Amungee NW-2H properly (A2H), one other Falcon asset that has already achieved a gasoline breakthrough. Each exploration initiatives are concentrating on the Amungee Member B-shale.
Dublin-based Falcon earlier mentioned gasoline circulate at A2H, for which Falcon Oil & Gasoline Australia Ltd. and Tamboran (B2) Pty Ltd. are co-venturers, had doubtlessly been inhibited however that the outcomes confirmed the shale probably had extra in retailer for manufacturing.
SSIH, which has a 3,281-foot (1,000 meters) horizontal part, is 23 ft (round 700 meters) deeper than A2H, in accordance with the corporate.
“The deeper reservoir on this space of the basin is anticipated to ship greater pressures, primarily based on information from the 2 Santos-operated Tanumbirini wells in EP [Exploration Permit] 161”, it mentioned in a press launch Tuesday.
On June 22, Falcon introduced, “The A2H properly achieved gasoline breakthrough, nevertheless, modeling and unbiased third-party evaluation from a US laboratory recognized a possible pores and skin inhibiting the circulate of gasoline from the stimulated shale”.
“Regardless of this, the gasoline has flowed at a mean fee of 0.97 mmcf/d [million cubic feet a day] over 50 days with circa 10 % of the water used within the simulation program recovered up to now, properly under different wells within the basin”, it mentioned. “The JV [joint venture] believes flows from the properly are but to ascertain an uninhibited 30-day preliminary manufacturing fee.”
The properly was producing at roughly 830,000 cubic ft a day with a water restoration fee of fifty barrels per day, Falcon mentioned.
“The hydrocarbon phases recovered are dry gasoline with 90.4 % methane and 9 % ethane”, it added.
“The JV believes the outcomes aren’t indicative of the underlying manufacturing potential of the Amungee Member B Shale because the Amungee NW-IH properly achieved circulate charges of >5 mmcf/d over a normalized 1,000 meters from the identical properly pad in 2021.”
Falcon mentioned it could proceed to check fluid samples to find out the best way to clear up the suspected inhibitor.
In Tuesday’s announcement chief government Philip O’Quigley mentioned, “The spudding of the SSIH horizontal properly, which is the primary of the deliberate two horizontal wells to be drilled in 2023, is an thrilling subsequent step within the appraisal of the Beetaloo Sub-Basin”.
“We’re assured that learnings and outcomes from the earlier two Amungee wells drilled in EP 98, along with the 2 Santos operated Tanumbirini wells drilled in EP 161 can have a constructive affect on the result of the outcomes from this SSIH properly”, he added.
Falcon mentioned it could “take part within the SSIH properly at its full taking part curiosity of twenty-two.5 % which, underneath the phrases of the Joint Working Settlement, will create a drilling spacing unit of 20,480 acres”.
“Falcon stays totally funded for its share of all prices related to the drilling and testing of the SSIH properly”, it added.
SSIH is being drilled by Helmerich & Payne Inc.’s super-spec FlexRig@ Flex 3 rig.
Falcon operates in Australia via its 98 percent-owned subsidiary Falcon Oil & Gasoline Australia Ltd. In addition to Australia, Falcon has a portfolio in Hungary and South Africa.
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