Santos set to start fracture stimulation of Yarrow 1 well
The fracture stimulation of the Yarrow 1 well in the Innamincka Dome project in South Australia is due to start in the next few days.
Red Sky Energy has announced that Santos, the project operator, is currently mobilising the necessary equipment for the procedure, aimed at increasing gas flow and well productivity.
The anticipated post-stimulation production rates for the Yarrow 1 well are estimated to be between 1.6 and 3.6 million standard cubic feet per day (mscf/d).
The well is projected to reach full operational status in the second quarter of 2025 (Q2 2025), complementing the existing production from Yarrow 3.
The Innamincka Dome project encompasses six petroleum tenements (PRLs 14, 17, 18, 180, 181 and 182).
Red Sky holds a 20% working interest in six petroleum retention licences (PRLs) within the Innamincka Dome, located near the township of Innamincka in north-east South Australia, and Santos holds the remaining 80% stake.
Red Sky managing director Andrew Knox said: "We are pleased to confirm that fracture stimulation at Yarrow 1 is scheduled to proceed shortly, with all required equipment being mobilised to site. This marks a significant milestone in unlocking the well's full production potential and delivering further value to our shareholders.'
The Yarrow field is estimated to have a 2C contingent resource of up to 18 billion cubic feet (bcf). A potential 20bcf of 2C of associated gas is estimated at the Flax oilfield 8km to the south east of Yarrow.
In January this year, Red Sky secured a contract for exploration in Angola's offshore block 6/24.
Situated 12km off the Angolan coast in the Kwanza Basin, the block encompasses 1,531km² of 2D seismic data and 1,465km² of 3D seismic data.
"Santos set to start fracture stimulation of Yarrow 1 well" was originally created and published by Offshore Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 days ago
- Yahoo
💵 Santos aim to spread out £13m debt to secure Neymar renewal
Santos already has a plan to advance negotiations with Neymar for the renewal of the contract that ends on June 30. According to UOL, the club will not be able to pay the R$ 85 million in image rights to the star by the established deadline, which is until July 30. Advertisement The portal's report indicates that Santos believes it could cover the amount, but the strategy would be to negotiate the extension of the player's contract and the stretching of the payment over a new term of one or one and a half years. In the market, "stretching" a debt means extending the deadline to pay that debt. In other words, instead of paying within a set timeframe, the company (or person) starts to pay over a longer period. According to UOL, there has already been a meeting between President Marcelo Teixeira, Neymar, and Neymar Sr., and more talks will follow. The star's salary is up to date, in the work record, costing the club R$ 4.14 million. Advertisement Santos estimates, says UOL, that it has already obtained the amount owed through marketing exploitation with Neymar. However, the transfer of funds would not necessarily be automatic, as the club uses the money for other purposes in day-to-day operations – hence, it has not yet been paid. Of the sponsorships sold after the star's arrival, 75% of the amount must be passed on to Neymar – only 25% remains with Santos. The master sponsorship with the betting house 7K, which provides R$ 105 million to the club, is included, according to information from ge. This revenue sharing will continue for one year after the current contract, for all contracts signed until June 30. Advertisement Thus, according to UOL, even if the star leaves, Santos will continue to pay the equivalent part to NR Sports, Neymar Sr.'s company. This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here. 📸 Miguel Schincariol - 2025 Getty Images
New York Times
6 days ago
- New York Times
Nottingham Forest close on agreement to sign Botafogo trio Igor Jesus, Cuiabano, and Jair Cunha
Nottingham Forest are close to agreeing a deal with Botafogo for the triple signing of striker Igor Jesus, left-back Cuiabano, and centre-back Jair Cunha. Jesus is a 24-year-old striker who has also been deployed on either wing. He has scored seven goals and provided one assist in 23 games this season. Advertisement The attacker, who has scored one goal in four appearances for the Brazil national team, joined Botafogo from United Arab Emirates side Shabab Al-Ahli in 2024. Cunha is an imposing 20-year-old central defender. Botafogo signed the 6ft 5in defender from Santos in February, but the Brazil under-20 international has already established himself as a first-team regular, making 16 appearances in all competitions. Cuiabiano, a 23-year-old left-back, joined Botafogo from Gremio in April 2024. Also capable of playing left wing-back, he has scored two goals and provided three assists in 21 games for Botafogo this term. The Athletic reported in May that Brighton & Hove Albion were pursuing a deal to sign the left-sided player. Botafogo have rejected two formal offers from Brighton for the Brazilian, who is contracted to Botafogo until the summer of 2027. The trio are set to face Neymar's Santos in Brazil's top division on Sunday. Botafogo are owned by John Textor, who, through his company Eagle Football Holdings, also holds shares in Crystal Palace and Lyon. Forest are looking to add to their squad after qualifying for the Conference League next season, the first time the side have qualified for a European competition in 30 years.
Yahoo
30-05-2025
- Yahoo
Ross County relegated: How will it affect people and business in Dingwall?
Highland club Ross County's battle for survival in the Scottish Premiership fizzled out with a 4-2 defeat to Livingston on Monday night. Relegation has left the Staggies - and its home town of Dingwall - facing a potentially challenging season in the Championship, both on and off the pitch. Hotels and pubs have enjoyed a boost to takings from hosting large crowds of visiting fans from teams like Celtic, Rangers and Aberdeen. Will a move into the lower leagues have an impact beyond football? Raffael Santos owns The Mallard - a pub on Dingwall Station's platform and a few minutes walk from the stadium. It is regularly packed out on home match days, with about 35-40% of business coming from visiting fans. But like many Ross County fans, he is hopeful their spell in the Championship is short-lived. "A lot of the town's businesses survive from big games like Rangers, Celtic and Aberdeen," Mr Santos said. "We'll need to work hard to make the business keep going, but hopefully next year they are back into the Scottish premier league." Big games were also profitable for The Legion Club. Its chairman Mike Murray said: "We got coaches of supporters booked in - like Hearts, Aberdeen and Hibs. They'd tend to phone two-three weeks before a game. "We could have 150 to 200 supporters through in the function room, and a good Saturday was a boost to the club." Leia Stephen, co-owner of the National Hotel, is experiencing the effects of relegation for the first time. County was last relegated in 2018. Ms Stephen said home games have been helpful to the business during quieter winter tourist seasons. "Football fans usually just stay one night but sometimes make a weekend out of it," she added. "Our bar and restaurant host away and home supporters." The Championship is a highly competitive league, but experts say it will not match the financial benefits of playing in the big league brought to a small club. Kieran Maguire, a University of Liverpool football finance lecturer, said County will miss the revenue near-capacity attendances that visits by bigger clubs brought. He said the Staggies could lose at least £500,000 because of lower gate receipts, having fewer televised games and less prize money. And with an already tight wage bill, he warned there is "not a lot of fat to cut" to help make savings. But councillor Graham MacKenzie said one of County's strengths was that it was deeply rooted in the community. When he worked as a teacher he was impressed by how many young people chose the Staggies over a bigger club. "It's come as a bit of a blow to everyone," Mr MacKenzie said of relegation. "It's not so many months ago we had high high hopes we could finish in the top six." But he believes both town - home to about 5,500 people - and club have the resilience to cope with the coming season. Bruce Ritchie, one of many Staggies fans in Dingwall pondering the future outside the Premiership, said football was important to the town. "I'm really proud of the fact that we've been in the top division for so many years. "It's going to be a big miss." Other Staggies fans might be hurting, but they are far from sore losers. "I just felt Ross County weren't good enough, I'm afraid," conceded fan Panja Bethune. "It's a shame that they've been relegated. "Livingston were the better team on the day." George Meiklejohn agreed his club were beaten by a good, strong team. He added: "But they've bounced back once before and I'm sure they will again." Another fan, County Kebab takeaway manager Alex Toward, says regardless of where the club is in the leagues it should be proud. "This area is not big and not very well-known - yes, everyone knows of Scotland and the Highlands - but not many think of Dingwall specifically," he says. "I think the fact they (Ross County) are trying so hard to make a name for themselves and have come so far, they should be impressed and proud of their achievements." 'Red flags' as County face 'very tough' financial future County 'fell short' and will suffer 'financial hit' Martindale's belief rewarded as Livingston roar back to Premiership in play-off Ross County fans: We can't afford to lose the dream Ross County
