The joint venture contracted the Ventia 106 rig to drill the Booth-1 well in Permit L7 in the North Perth Basin. (Source: Strike Energy Ltd.)
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
Sempra Plans to Sell Assets, LNG Stakes to Invest in Utilities
2025-03-31 - Infrastructure company Sempra Energy is preparing for major growth coming in electrical demand by selling assets to raise capital.
GeoPark Divests Non-Core Colombia, Brazil Assets, Cuts Workforce
2025-03-31 - GeoPark is selling non-core assets and reducing its headcount, the Colombia-based oil and gas firm said March 31.
Japan's Tokyo Gas to Buy Stake in Texas Shale from Chevron
2025-03-31 - The deal estimated to be worth tens of billions of yen, the Nikkei reported on March 31.
BlackRock’s Fink Calls for Reliable US Power Grid—Now
2025-03-31 - “That starts with fixing the slow, broken permitting processes in the U.S. and Europe,” Larry Fink, the co-founder, chairman and CEO of $12 trillion investment-management firm BlackRock Inc., told shareholders March 31.
E&P Highlights: March 31, 2025
2025-03-31 - Here’s a roundup of the latest E&P headlines, from a big CNOOC discovery in the South China Sea to Shell’s development offshore Brazil.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.