Triangle Energy (Global) Ltd is making strong progress on the well pad for the Becos-1 exploration well in the EP 437 joint venture in the Perth Basin with this work expected to be completed by the end of this month.
Construction of the well pad by JV operator Triangle is progressing well with the 13 3/8” conductor being installed at the rig location.
The JV, in which Triangle holds 50% and subsidiaries of Strike Energy and Echelon Resources with 25% each, expects the Silver City Drilling rig to be on-site at the end of March 2025 after it has completed a series of well workovers in the Perth Basin.
Compelling target
Triangle managing director Conrad Todd said: “Triangle is pleased to share progress on the Becos-1 well pad and looks forward to spudding the well at the end of March 2025.
"Triangle considers Becos a compelling target both in terms of the potential resource and the chance of success.”
Becos-1 well will target a range in resources from a low case of 1 million barrels (MMbbl) to a high case of 21 MMbbl with a best estimate of 5 MMbbl, with a chance of success (GPOS) of 20%.
Becos Prospect Base Triassic map.
The Becos-1 well prognosis indicates that the primary targets, the Arranoo and Bookara sandstones will be encountered between 700 and 800 metres measured depth (md).
There is also potential for the well to encounter a further reservoir in the Kingia Formation if present at this location.
Becos-1 well prognosis.
The preliminary time depth curve indicates that the total time for the rig to be on location is estimated to be 12 days, of which the drill time is estimated to be seven days.
Becos-1 Time Depth chart.