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Tamboran and Liberty team up on Beetaloo Basin

Tamboran and Liberty team up on Beetaloo Basin. Source: patera/Adobe Stock

The energy companies have entered into a strategic partnership to deliver modern stimulation and completion equipment to the Beetaloo Basin.

Under the strategic partnership, Liberty Energy, a leading North American energy services firm plans to import a modern frac fleet into the Beetaloo Basin in 2024.

“We welcome the strategic investment from Liberty, which provides alignment between the two companies and demonstrates Liberty’s confidence in the development of the Beetaloo Basin,” Tamboran managing director and chief executive officer Joel Riddle said.

“Tamboran continues to partner with the best-in-class operating and technology companies to support the development of our assets.”

Riddle said the strategic agreement with Liberty followed the partnership with Helmerich and Payne, which imported a modern US drilling rig in to the Beetaloo Basin in 2023, and aimed to result in material cost reduction and improved efficiency across the company’s operations.

“The supply of stimulation equipment to the Beetaloo Basin is Liberty’s first outside of North America and we look forward to working with them for many years to come,” Riddle said.

“Tamboran and Liberty are aligned on the common vision of proactively addressing global energy poverty by securing new supply of reliable and affordable energy.

“At Tamboran, we are committed to maintaining the energy security of Australians and aim to deliver affordable gas to Australians and Australia’s trading partners in the Asia Pacific region with the aim of encouraging a transition away from coal-fired power.”

This will support the stimulation campaign with industry leading operational and subsurface engineering expertise for Tamboran’s proposed 40 million cubic feet per day (MMcf/d) Shenandoah South Pilot Project, which is planned to commence production in 2026.

Once terms are finalised between the two parties, Liberty plans to deliver a dedicated frac fleet and crew into the Beetaloo Basin in 2024, which has the potential to reduce the delays experienced in mobilising equipment to site, thereby significantly increasing completion efficiencies and reducing the costs of future stimulation programs.

Tamboran has agreed to work with Liberty to bring the latest sand mining and handling management solution to the Beetaloo Basin.

The strategic partnership with Liberty and mining of local sand are two initiatives that are expected to support material reductions in stimulation costs for future development programs.

“We are proud to partner with Tamboran to develop a new shale gas basin in Australia,” Liberty chairman and chief executive officer Chris Wright said.

“Natural gas is by far the world’s fastest growing energy source because of its myriad uses and compelling advantages.

“Significant Beetaloo gas production could help energize Australia’s future and help meet Asia’s insatiable demand for natural gas to power economic growth, improve air quality, and lower greenhouse gas emissions.

“Beetaloo development perfectly aligns with our broader mission to better human lives.”

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