Galilee secures rig for Glenaras drilling campaign
Galilee Energy has secured a rig for the upcoming drilling programme at the Glenaras gas project in Queensland, the company said on March 2 in a statement.
Following the successful capital raising of A$11.8mn ($8.5mn) last week, the company has now signed a drilling rig contract with Silver City for Rig 23. All landowner and environmental approvals have now been received for the new well locations and civil construction works are progressing with lease pads now under construction, Galilee said.
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Drilling of the five new wells is expected to start in mid-April. Planning is underway to construct the electrical, gas and water gathering systems for the new production wells, the company said.
“Success at Glenaras will be transformational for Galilee as it seeks to become a material gas producer in the attractively priced east coast gas markets, creating jobs and investment in regional areas and in meeting the increasing demand for gas as the world transitions to low carbon footprint energy alternatives,” Galilee CEO David Casey said.