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
Petro-Victory Buys Oil Fields in Brazil’s Potiguar Basin
2025-02-10 - Petro-Victory Energy is growing its footprint in Brazil’s onshore Potiguar Basin with 13 new blocks, the company said Feb. 10.
BP Seeks Buyers for US NatGas Pipeline System Stake, Sources Say
2024-12-06 - BP is seeking buyers for a stake in its U.S. natural gas pipeline network, sources say.
Reuters: Northern Oil and Gas in Bid to Acquire Smaller Rival Granite Ridge, Sources Say
2024-12-20 - Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
Q&A: Exxon Mobil Pioneers the Permian and Guyana
2024-12-03 - Liam Mallon, Exxon Mobil’s upstream president, discusses how XOM liquids production has hit a 40-year high on the 25th anniversary of the Exxon-Mobil merger, and plans for the future.
Shell, Canadian Natural Resources to Swap Oil Sands, CCS Interests
2025-01-30 - In a swap transaction, Canadian Natural Resources Ltd. will own 100% interest in the Athabasca Oil Sands Project after acquiring a 10% interest from Shell Canada Ltd. in exchange for a 10% interest in carbon capture and storage facilities.
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.