Falcon Oil & Gas: rig contract signed for Beetaloo drilling programme
Published by Aimee Knight,
Editorial Assistant
Oilfield Technology,
2019 Stage 2 Beetaloo Drilling Programme
Subject to relevant approvals, and implementation of the exploration recommendations of the Inquiry into Hydraulic Fracture Stimulation in the Northern Territory, the JV will evaluate the potential of the liquids-rich gas fairways in both the Kyalla and Velkerri plays. Exploration and appraisal activities include the drilling and hydraulic fracture stimulation of two horizontal wells. Together with the Velkerri B dry gas play discovered in 2016, this allows for the assessment of three plays, enabling the most commercially prospective play to be targeted for Stage 3 drilling during 2020.
Work has already commenced at some well sites, including water bore drilling and water monitoring, with drilling targeted to commence in June 2019.
The Stage 2 Cost Cap is approximately AUS$65m for the exploration and appraisal programme, including the drilling and hydraulic fracture stimulation costs of two horizontal wells.
Philip O’Quigley, CEO of Falcon, commented:
“Today’s announcement is an exciting development for Falcon shareholders as the JV prepares to commence drilling in the highly prospective Beetaloo Sub-basin. We look forward to updating the market as work progresses over the coming months.”
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/21012019/falcon-oil-gas-rig-contract-signed-for-beetaloo-drilling-programme/
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