Australian upstream oil and fuel firm Tamboran Assets Company accomplished a 35-stage stimulation marketing campaign within the Shenandoah South 2H sidetrack (SS-2H ST1) properly throughout a 5,483-foot (1,671-metre) horizontal part.
The SS-2H ST1 properly was suspended for an extended length of “soaking” following technical evaluation of wells within the Beetaloo Basin and research undertaken in america. The properly was soaked for a complete of 62 days earlier than the reopening of the properly in mid-Could 2025.
In Could 2025, Tamboran unveiled a Personal Funding in Public Fairness (PIPE) plan geared toward elevating $55.4 million. Upon completion, the corporate expects to be totally funded to drill and full the remaining three wells required to ship first fuel beneath the proposed 40 million cubic ft per day (MMcf/d) Shenandoah South (SS) pilot mission.
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“The SS-2H ST1 properly commenced circulate testing in mid-Could 2025, which is being examined for a full 90 days over a 5,483-foot (1,671-metre) horizontal part. We plan to replace the market on the preliminary 30-day circulate take a look at (IP30) in mid-June 2025”, Joel Riddle, Tamboran Assets’ Chief Government Officer, mentioned.
“Having efficiently raised funding to progress drilling exercise within the Beetaloo Basin, we’re targeted on delivering the most important single drilling marketing campaign within the area thus far”, Riddle added. “This system consists of three wells drilled from the SS2 pad, commencing in mid-2025, and stimulation of as much as 240 levels throughout 4 10,000-foot horizontal wells. These wells are going to be vital for assembly the binding Fuel Gross sales Settlement with the Northern Territory Authorities that can provide much-needed fuel to Darwin to maintain the lights on”.
The three wells deliberate for the 2025 marketing campaign shall be drilled with a Helmerich & Payne Inc. rig over a ten,000-foot horizontal part, with as much as 60 levels of stimulation for every, together with the SS-3H properly. Drilling for the primary properly, SS-4H, is ready to start in mid-2025.
Following Falcon Oil and Fuel’ determination to not take part, Tamboran mentioned it should improve acreage within the proposed Northern Pilot Space after the wells are accomplished.
“Importantly, we additionally accomplished the checkerboard of the Beetaloo Basin with DWE, permitting us to prioritize a place of ~400,000 acres (the Section 2 Growth Space) for growth of fuel to Australia’s East Coast fuel market, which is forecast to be quick fuel by the top of the last decade”, Riddle mentioned.
“RBC Capital Markets has been engaged to undertake a proper farmout of the Section 2 Growth Space. We sit up for participating with events and can present an replace to the market on the acceptable time”.
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