Galilee adds 6th well at Queensland gas project
Galilee Energy has added a sixth well to the 2022 drilling programme at the Glenaras gas project in Queensland, it said on June 14.
Glenaras 29 will be drilled in the centre of the existing lateral wells and will therefore receive the benefit of maximum interference and shielding in an area of maximum pressure depletion. Glenaras 26, the fifth well in the current programme, was also spudded over the weekend, the company said.
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"While this well had been contemplated previously with the necessary long lead items having been ordered, the main challenge was and remains the risks associated with drilling it in an area of maximum pressure depletion," Galilee said. "While still an inherent risk, the successful drilling track record of this year’s programme in similarly challenging conditions, has provided the necessary confidence that the potential risk is worth the significant benefits which we believe will result from this additional well."
Galilee in February completed a share placement programme to raise approximately A$11.8mn ($8.5mn) to fund the campaign. Its primary area of focus is Queensland where it is appraising its 100% owned Glenaras gas project in the Galilee basin and exploring in the Surat and Bowen basins.