Beetaloo JV spuds first exploration well
Origin Energy, as operator of the Beetaloo joint venture, said that the Kalala S-1 well in EP98, Northern Territory has been spudded.
Kalala S-1 is the first of three onshore wells drilled by the joint venture, and will target the Middle Velkerri formation to assess hydrocarbon saturation and reservoir quality, Origin said in a statement.
It is expected the well will be drilled to a total depth of approximately 2,800 metres. The exploration permit is located 500km south-east of Darwin.
Kalala S-1 is to be operated by Origin with a 35% stake, with partners Sasol Petroleum Australia owning a 35% and Falcon owning a 30% stake.
LNG World News Staff; Image: Falcon Oil & Gas