Dublin-headquartered Falcon begins drilling in Australia
Dublin-headquartered Falcon Oil and Gas has started drilling in the Beetaloo Sub-Basin in Northern Australia.
The main objectives of the drilling are to penetrate the Kyalla Formation to assess hydrocarbon maturity, saturation and reservoir quality.
In addition, the work aims to collect data for subsequent drilling and stimulation, and production testing, including the ability to flow liquids rich gas.
Philip O’Quigley, CEO of Falcon, said: “The spudding of the Kyalla 117 N2-1 appraisal well is an exciting development for Falcon and marks the re-commencement of the drilling programme with our JV partner.
We look forward to updating the market as soon as results become available”.
The Kyalla 117 N2-1 appraisal well will target a total vertical depth of approximately 1,750 metres into the Kyalla formation.
This will be followed by a 1,000-metre horizontal section in the liquid-rich play in the formation.
The drilling will be carried out by Origin Energy, which holds a 70pc participating interest. Falcon holds the other 30pc.