JOINT VENTURE partners Falcon Oil & Gas (30%) and operator Origin Energy (70%) have received approval to drill the planned Kyalla 117 N2 horizontal appraisal well.
Falcon said yesterday afternoon that its plans to drill, frac, and test the well had been approved by the Northern Territory Department of Environment and Natural Resources.
According to Falcon well pad construction is now underway and civil works is nearing completion. Drilling is expected to begin as soon as next month.
Kyalla 117 will be drilled to a vertical depth of 1,875 metres, before drilling horizontally targeting the Kyalla shale liquids rich gas fairway for a further 3,000m.
It will then be fracced over 20 stages.
"Today's announcement relating to the approval of the Kyalla 117 N2 well EMP targeting the Kyalla shale liquids rich gas fairway is an exciting development for Falcon shareholders. We look forward to the commencement of drilling operations," Falcon CEO Philip O'Quigley said.
The approval from the Northern Territory government is the final hurdle the joint venture needed to jump over before the drilling campaign could get underway.
Kyalla 117 N2 will be the second horizontal well following Amungee NW1-H in 2016 which was completed just before the moratorium was introduced.
Kyalla 117 N2 is the first of two wells under stage 2 of Origin's farm-in with Falcon. Origin plans to drill and frac a second well before the wet season returns in November.
Source: Energy News Bulletin
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