Dart Energy Reports Scotland CBM Drilling Results
Dart Energy, the international explorer with headquarters in Scotland, has announced drilling results in a press release.
The company has been testing the potential of coalbed methane (CBM) in the Airth Project at PEDL 133, Scotland.
It is waiting for final regulatory clearance, but once this is obtained, further field development and compression facilities will enable delivery and sale of produced gas into nearby pipeline infrastructure, Dart said. The company has a gas sales agreement (GSA) in place with SSE, the UK’s second largest utility, to supply up to 60Bcf of CBM produced gas over an eight-year period, starting 2013.
Chief executive John McGoldrick commented: “We have invested significant capital in this area and are proud to be the first company to generate electricity from CBM natural gas in Scotland. During our Airth 12 well production test we have achieved sustainable and continuous flow-rates, significantly higher than any other CBM well production in Europe. This test has provided us with continued confidence as we move forward in developing the PEDL133 project. In particular, test results indicate that flow-rates per well of one million scf/d are attainable, without the need for any ‘fracking', validating the high margin potential of CBM development.”
The full text is here
See also: Greens Warn of Up to 600 Gas Wells in Forth Valley