Tamboran Resources Ltd (ASX:TBN, OTC:TBNRF) has mobilised the Helmerich & Payne, Inc. (H&P) super-spec FlexRig® Flex 3 Rig to the Shenandoah South 1H (SS1H) well pad at the company's EP 117 exploration permit in the Northern Territory.
Previously known as the Kyalla 117 N2-1 well pad, this site marks a key milestone in the company's strategic growth plan.
The SS1H well is positioned to target the Mid-Velkerri 'B Shale' about 700 metres or 30% deeper than the earlier drilled Amungee 2H (A2H) well in EP 98, around 60 kilometres to the north.
According to Tamboran's interpretation of data from the Santos-operated Tanumbirini wells in the EP 161 permit, this deeper reservoir is expected to yield higher pressures, enhancing operational output.
Subject to receiving final approval from the Beetaloo Joint Venture, Tamboran plans to kick off drilling at the SS1H well in early August 2023.
“Modern US drilling technology”
Tamboran managing director and CEO Joel Riddle said: “We look forward to the commencement of drilling activity at Shenandoah South in the coming weeks with H&P.
“Their rig brings modern US drilling technology to the Beetaloo Basin, a key first step to achieving material reduction in drilling costs and efficiencies.
“We are excited to be working alongside H&P in delivering their first well in Australia.
“The SS1H well is expected to spud in early August and is planned to take approximately 45 days to drill, which will include drilling of a pilot hole, a 1,000-metre horizontal section and logging of the Mid Velkerri ‘B Shale’.
Forward plan
The drilling process, which includes the creation of a pilot hole and a 1,000-metre horizontal section, is projected to take about 45 days.
Taking an adaptive and reflective approach to operations, Tamboran has integrated insights from the Tanumbirini and A2H wells into the SS1H well and stimulation designs.
The company's objective is to ensure the delivery of commercial flow rates from the SS1H location, underscoring its commitment to maximising the potential of the Beetaloo Basin
Furthermore, Tamboran has scheduled the start of a stimulation program during the December quarter of this year.
Tamboran (B2) Limited has a 77.5% interest in the EP with Falcon Oil and Gas Australia Ltd holding 22.5%. Tamboran (B2) is a 50:50 JV between Tamboran, which is the operator, and Sheffield Holdings LP's Daly Waters Energy LP.