Falcon Oil & Gas has spudded the Velkerri 76 S2-1 well in the Beetaloo Basin, Northern Territory with joint venture partner Origin Energy.
The Velkerri 76 well is targeting the Velkerri play along the south-eastern flank of the Beetaloo Basin, which is predicted to be in a liquids rich gas window.
Chief executive officer Philip O’Quigley said: “The spudding of the Velkerri 76 marks yet another exciting milestone for the joint ventures and we look forward to updating the market as soon as results become available.”
In June the joint venture started into 2021 work program, starting with operations at Kyalla 117 in the Beetaloo Basin.
Onsite operations at the Kyalla 117 begun, with rigging up now complete and clean-up operations resumed.
Falcon advised that these operations, if successful, will result in a extended production test (EPT) being carried out to determine the expected longer-term performance of the well.
The 2021 work program includes: targeting the Velkerri play along the south-eastern flank of the Beetaloo sub-Basin, which predicted to be in a liquids rich gas window; and drill a vertical pilot well to acquire core, run logs and perform diagnostic fracture injection test data across the Velkerri.
The JV outlined that it is planning to drill a vertical pilot well, Velkerri 76 well, to acquire core and log and run diagnostic fracture injection test data across the Velkerri.
Construction of the Velkerri 76 well lease pad was completed in early December 2019, with environmental approval to drill and fracture stimulate the Velkerri Flank well granted in late December 2019.
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