TMK Energy secures rig for CBM drilling in Mongolia
Australia's TMK Energy and its joint venture partner Talon Energy have signed a drilling contract with Canada’s Major Drilling Group to drill three pilot wells at the Gurvantes XXXV coalbed methane (CBM) project located in Mongolia, the companies said on February 15.
The three pilot well programme is the second stage of the planned drilling programme at Gurvantes and follows on from the successful stage one, seven core hole exploration programme undertaken in 2022, which resulted in the independent certification of about 1.2 trillion ft3 2C contingent gas resource.
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Drilling is expected to commence in April, after the completion of site works and import of long lead items which have been ordered and are in transit to Mongolia.
In addition to the pilot well programme, the joint venture is planning to drill a further eight exploration wells to expand the current resource estimate within the permit. Seven of the eight planned wells will be drilled outside of the Nariin Sukhait area, the location of the stage one drilling programme.
In December 2022, Talon exercised an option to take a 33% interest in the production sharing agreement over the Gurvantes XXXV project and entered into a joint venture with TMK Energy, which holds the balance of 67% interest and is the operator of the project.