Icon Energy, Partners to Commence Hydraulic Stimulation in Cooper Basin in September

Icon Energy announced Wednesday that joint venture partners in ATP 855 in Australia's Cooper Basin have agreed on hydraulic stimulation and testing program to be undertaken by Condor Energy Services due to commence in early September.

This program, involving hydraulic stimulation and extended flow testing of specific formations in Geoffrey-1, Redland-1, Hervey-1 and Etty-1, is designed to better understand the gas production potential from the Permian Formations within the Nappamerri Trough, Icon said.

Icon expects the program to take a number of months as the wells are flow tested and preliminary decline rates determined in order to better understand the potential gas recovery from these formations.

In Geoffrey-1 the lowermost part of the well will be tested initially and, subject to JV approval, shallower formations will subsequently be stimulated and flow tested in order to evaluate the flow characteristics of those individual formations.

This will lead to a better understanding of the overall gas deliverability from the well, Icon said.

Joint Venture partners in ATP 855 are Icon Energy 35.1%; Beach Energy 46.9% (operator); Chevron Australia Exploration 18%.

ATP 855 is located in the Cooper-Eromanga Basin on the eastern side of the Queensland and South Australian border. The Nappamerri Trough is a potential world class gas asset and the most advanced shale and basin centred gas province in Australia, according to Icon’s website.