A joint venture (JV) comprised of Triangle Energy, Strike Energy and New Zealand Oil & Gas is set to drill the Booth-1 well in the North Perth Basin in Australia.
The Booth prospect, located in a depth of approximately 9,514 ft, is planned to be the first well in the upcoming JV’s drilling campaign.
The well plans to target gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Jurassic sandstones, Triangle said in its April 18 press release.
The JV contracted the Ventia 106 rig to drill the Booth-1 well in Permit L7 in the North Perth Basin. The Booth Prospect has potential for both oil and gas, with a prospective resource range of 113 Bcf to 540 Bcf.
Drilling of Booth-1 is scheduled for late June-July, Triangle said.
The second well in the program, the previously identified Becos oil prospect, has a resource range of 1 MMbbl to 21 MMbbl with a “mid-case” of 5 MMbbl, Triangle said. Becos is located in EP 437 at a depth of just over 3,280 ft.
Triangle expects to drill Becos in the third quarter of 2024.
Other potential targets for a third well in the L7 permit include the previously unmapped Huntswell Deep, MH-2 Updip and Mountain Bridge South, located in the southern portion of L7.
Recommended Reading
WTI Delivered to East Houston Hits Highest Premium in Nearly Three Years
2024-05-01 - Oil takeaway capacity from the Permian Basin will tighten next month due to scheduled pipeline maintenance.
CPS Closes $785MM Deal for Talen Energy’s Texas NatGas Plants
2024-05-01 - CPS Energy has acquired all assets associated with the 897-MW Barney Davis and 635-MW Nueces Bay natural gas plants in Corpus Christi, Texas, and the 178-MW natural gas plant in Laredo, Texas.
Wirth: Chevron Won’t Put ‘New Capital into Venezuela’
2024-05-01 - California-based Chevron Corp. doesn’t plan on allocating more capex into its operations in Venezuela even though it still has U.S. approval to operate there, despite Washington sanctions.
Repsol Plans to Double Oil Production in Venezuela
2024-05-01 - Spain’s Repsol plans to double its oil production in Venezuela and continue with its diluent swap agreements with the OPEC country as approved by the U.S. government.
Permian Gas Finds Another Way to Asia
2024-04-30 - A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.