Falcon Oil & Gas Ltd has announced that drilling operations on the Amungee NW 3H (A3H) well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
The A3H well was drilled, cased and cemented to a total measured depth (TD) of 3837 m, including a horizontal section of 1100 m in the Amungee Member B-shale.
The well intersected the Amungee Member B-shale at a total vertical depth (TVD) of 2272 metres and encountered significant gas shows, in line with pre-drill expectations.
Drilling took 17.9 days, at an average rate of 214 mpd, and at 20 days faster than the Amungee 2H (A2H) well, the Helmerich & Payne, Inc. (H&P), (NYSE: HP), super-spec FlexRig® Flex 3 Rig delivered the anticipated drilling efficiencies.
A stimulation program is planned for the 2Q24, following the Northern Territory wet season.
Total costs for the drilling and cementing of the A3H well was A$12.6 million. Cost reductions of A$1.8 million compared to A2H, demonstrates the application of learnings from previously drilled wells and the improvement in drilling technology with the H&P super-spec FlexRig® Flex 3 Rig.