Oil and Gas News

Rig mobilised for Norwest, Energy Resources WA well

Buru Energy
Norwest Energy has reported that the mobilisation of the Ensign 970 rig to the Lockyer Deep-1 well, located in Western Australia has been completed.

The rig-up process is now underway, with the company now anticipating for the spudding of the well.

The Lockyer Deep-1 well is located within exploration permit EP368, and is a joint venture between Norwest (20 per cent) and Energy Resources (operator, 80 per cent).

The company outlined that the well location has been selected to test a large, fault-crossed three-way dip structure at the Kingia and High Cliff levels within the Permian gas play’s sweet spot.

The geological chance of success for Lockyer Deep-1 is estimated by Norwest to be 38 per cent.

Last week Energy Resources executed a rig sharing agreement with Strike Energy and a drilling contract with Ensign Australia.

The rig sharing agreement provides for Energy Resources to assume control of the Ensign 970 rig upon completion of operations at Strike Energy’s West Erregulla-5 well.

In January this year Norwest announced it had raised $2 million to fund drilling of the Lockyer Deep-1 exploration well.

The company advised that the funds would also be allocated toward planning and preparation for a 3D seismic survey across EP368 and EP426, desktop studies on exploration permit TP/15 and general working capital.

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