Armour Energy 'spuds' the Myall Creek well
Spudding is the process of beginning to drill a well in the oil and gas industry.
This marked the commencement of the major field activities under Armour’s 2019 work program, said company secretary Karl Schlobohm.
The MCN1 well is located in Armour’s 100 percent owned PL511 within the Company’s Kincora Project on the Roma Shelf in south west Queensland
The MCN1 development well aims to assess both the conventional and tight‐gas potential of the demonstrated working hydrocarbon system in the regional Permian and Triassic reservoirs in the prolific Myall Creek Field.
Silver City Drilling Rig 20 has been contracted to drill the well to a prognosed 2,270 metres total vertical depth.
Plans are advanced for the well and once completed it will be tied into the Kincora facility for commercial production at the earliest opportunity, said Mr Schlobohm.
“Armour’s 2019 work program targets an increase in liquid rich gas production and revenue through the drilling of MCN1 and plans to immediately follow with the drilling of the Horseshoe 4 development well (HS4) which is located in Armour’s 100% owned PL227,” he said.
“Additionally, a workover campaign to optimise and increase production from existing wells, including the fracture stimulation of Myall Creek 5A, will be executed concurrently with the drilling campaign.
“The total duration of these activities is planned to be approximately 3 months.”
Well MCN1 continues Armour’s Phase 3 growth strategy which includes the drilling of new wells and investigations into workovers, stimulation of existing wells and new 3D seismic surveys, Mr Schlobohm said.
This, together with any necessary further work on the Kincora Gas Plant, will assist the Company to target gas production of up to 20TJ/day, he said.
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