Strike Energy Completes Southern Cooper Basin Drilling, Australia

Strike Energy Copletes Southern Cooper Basin Drilling, Australia

Strike Energy said that the Southern Cooper Basin Gas Project appraisal drilling program has been successfully completed.

The results obtained from the Le Chiffre 1 and Klebb 1 wells have materially de-risked key parameters underpinning project resource and cost estimates ahead of the next stage of the project’s commercialisation.

KLEBB 1

The Klebb 1 well was drilled to a total depth of 2,193m and cased using premium casing to allow for future fracture stimulation and flow testing.

Wireline logs have shown over 145m of net coal was encountered in the well.

In particular, 89m of coal was observed in the Patchawarra Formation, including one continuous 34m thick seam and two other seams each over 15m thick.

Notable increases in gas readings were recorded while drilling through coals encountered in the well. The increase in gas readings with depth was consistent to that observed in the Le Chiffre 1 well.

PROGRAM HIGHLIGHTS

While data obtained from the Le Chiffre 1 and Klebb 1 wells will continue to be analysed through Q1 2014, preliminary results confirm:

  • The presence of a continuous coal system in the Weena Trough in PEL 96, with very thick coal development in excess of our pre-drill estimates observed in both wells as outlined below.

Table

  • Coals encountered in the primary target horizons are in the peak gas generation window for inertinite rich coals and have very low moisture contents. These observations together with the gas shows recorded while drilling indicate that the coals are gas saturated with free gas present in the coal pores. This highlights the potential for these coals to produce gas without material associated water production.
  • Relatively shallow well depths (<2,200m) combined with very thick coals will allow simple, low cost drilling, completion and production programs to be implemented.

NEXT STEPS

A comprehensive completion, testing and production optimisation program is currently being developed. The program’s main objective is to determine a development plan for the resource and will involve a series of drilling, completion and production trials to optimise project economics.

As gas is already being successfully produced from deeper Cooper Basin coals after fracture stimulation, the first trial under the program will involve a fracture stimulation and production test at both LeChiffre 1 and Klebb 1 during Q2 2014. Planning and environmental assessments for this program are well advanced.

Results from the initial production trial will then underpin further technology and production testing to optimise project economics.

Managing Director David Wrench said: “We are very encouraged by the results from our initial Southern Cooper Basin drilling program, which have exceeded our pre-drill expectations.

“The Le Chiffre 1 and Klebb 1 wells have confirmed both the presence and continuity of a thick gas saturated coal system in PEL 96 and provide the foundation for production testing as the next step in the development of the Southern Cooper Basin Gas Project.

“Recent advances in fracture stimulation techniques have led to improved gas flows from coals deeper in the Cooper Basin and have increased our confidence in the productive potential of the extensive, shallower coals we have discovered in PEL 96.”

LNG World News Staff, January 10, 2014; Image: Strike Energy

Share this article

Follow LNG World News

Events>

<< Jul 2016 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

The 7th Annual Floating LNG USA 2016

The 7th Annual Floating LNG USA 2016 will bring together over 65 speakers from every part of the FLNG value chain…

read more >

LNGgc London

LNGgc 2016 has established itself as a prestigious LNG industry platforms in UK and Europe…

read more >

World LNG & Gas Series: 8th Asia Pacific Summit

The 8th Annual World LNG & Gas Series: Asia Pacific Summit is back in September…

read more >

Gas to Liquids

The volatile oil price has had a dramatic impact on the Gas to Liquids market and some large-scale projects’ operators have struggled to adapt to this unsteady landscape. Over the last 12 months, we have witnessed a few promising projects halt or even shut down altogether. However, whilst some doors have had to close, other doors are opening with interesting emerging markets on the new GTL field. A few companies have discovered ways to significantly reduce operating costs and prove to be commercially viable despite the current economic climate.

Against this backdrop, SMi’s 19th annual Gas to Liquids conference will discuss how GTL companies can work with the tumbling oil price and how they can build robust strategies and create effective alternative solutions to enable them to weather the storm. The programme will have a special focus on small-scale GTL projects, giving you the chance to hear first-hand success stories from leading GTL operators. The two-day event will provide the ideal platform for experts to discuss with peers what companies need in place in order to overcome today’s challenges, with leading industry figures dissecting cutting edge topics, including project financing, marketing of GTL projects and innovative alternative applications of GTL plants.

For more information and to register online, visit: www.gas-to-liquids.co.uk

read more >