Falcon plans Stage 3 drilling in Australia's Northern Territory
UK-listed Falcon Oil and Gas said January 25 it would begin Stage 3 drilling and testing of wells in Australia’s Northern Territory.
The work programme is planned in the Beetaloo sub-basin with joint venture partner Origin Energy and involves drilling, fracture stimulation and extended production tests of two horizontal wells.
The target is the Amungee Member B shale which was formerly known as the Middle Velkerri in the relatively under-explored Beetaloo. The Beetaloo sub-basin is an advantaged location, close to highway, pipeline and railway infrastructure providing access to the Australian market and LNG capacity in Darwin to the north and Queensland in the east.
“This is an extremely important period for the Beetaloo sub-basin and we are delighted to have confirmed a high-impact, extensive and really exciting work programme for the joint venture,” said Philip O’Quigley, CEO of Falcon. “We will be focusing our attention on the Amungee Member B Shale, following the 2021 results at Amungee NW-1H, which suggested a potentially commercial flow rate. Positive results here will provide a further line of sight to the commercialisation of the Beetaloo.”
The two horizontal wells are being designed to demonstrate the scalability of the Amungee NW-1H results over longer laterals and establish the operational and cost efficiencies of drilling pad wells.
In addition to its own drilling results, Falcon is looking forward to the gas flow results from the current testing of two wells in the neighbouring Santos-operated EP161 concession, also targeting the Amungee Member dry gas play.