The L7 joint venture (JV) has received the Ventia 106 drilling rig, which will drill the Booth-1 well in the North Perth Basin.
The JV, comprising of Triangle Energy, Strike Energy and New Zealand Oil and Gas, said that it would take approximately 10 days to move the rig to site.
As operator, Triangle expects the well to be spudded on or near 31 July 2024.
The Booth prospect, located east of L7, is the first well in the upcoming drilling campaign, which will target gas at the Kingia-High Cliff reservoirs.
“Receipt of the Ventia 106 rig is an important milestone for Triangle, putting us on track to spud the eagerly awaited Booth-1 well in the next two weeks,” Triangle Energy managing director Conrad Todd.
“This will be the first well drilled in our permits for 30 years. In tandem with drilling the Booth-1 well, we are progressing drilling plans for the Becos-1 well in the EP 437 permit.”
New Zealand Oil and Gas chief executive officer Andrew Jefferies said the company is excited to be drilling in the prolific Perth Basin.
“This is an exciting area – it’s onshore, with plenty of local activity which helps keep costs and lead times down; there’s infrastructure in place and being built that can quickly connect us into a Western Australian market that needs gas,” Jefferies said.
“The prospects have been matured, all the elements required to drill are ready, so now it’s time to see what’s down there.”
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