Tamboran Resources and Santos have completed the CY2021 drilling program of the Tanumbirini 3H (T3H) well in EP 161 in the Beetaloo Sub-basin.
The Beetaloo Sub-basin is located within the Greater McArthur Basin in the Northern territory.
T3H has been cased and cemented successfully, whist the Easternwell Rig 106 has been demobilised and moved off the Beetaloo Sub-basin.
Tamboran managing director and CEO Joel Riddle said the program was managed safely, with no incidents occurring.
“[This is] a testament to the excellent leadership and unwavering commitment to health, safety and environment by the rig crew,” Riddle said.
Riddle said the EP 161 joint venture will now test the productivity of each well.
“[This is] with approximately 10 stages of fracture stimulations per well in the target formation of the Mid-Velkerri ‘B’,” he said.
“Initial flow test results are expected in December 2021.”
“Key learnings” as well as knowledge have been provided by the The CY2021 drilling program in EP 161, Riddle added.
“We intend to incorporate [these learnings] into the drilling of the 100 per cent owned and operated Maverick 1H, located in EP 136, during CY2022,” he said.
Tamboran Resources Limited is a natural gas company planning to have a constructive role in the global energy transition to a lower carbon future.
The company is accomplishing this through the development of low Co2 unconventional natural gas resources in the Beetaloo Sub-basin.
The announcement comes after Tamboran secured $20 million from founder, chairman and chief executive of US Permian Basin independent Parsley Energy Bryan Sheffield.
Santos is Australia’s second-largest independent oil and gas producer.
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