Empire/Beetaloo stimulates gas extraction at massive NT project
The new moniker reflects the company's determination to strategically focus on the Beetaloo sub–basin and positions itself to become the nation's next big onshore gas player. It will migrate from the ASX ticker EEG to BTL from the start of trading tomorrow.
Beetaloo plans to complete more than 60 stimulation stages along a 3.31km, 5.5-inch cased section within the Velkerri B shale in the well, which is the longest horizontal well in the Beetaloo sub-basin. Beetaloo expects the program will take four weeks.
The Carpentaria-5H well sits within the company's Beetaloo Basin EP187 permit. Along with the Carpentaria-2H and Carpentaria-3H wells, Carpentaria-5H forms part of the company's Carpentaria pilot project. The 2H and 3H wells were drilled and stimulated from the same well pad.
'The stimulation of Carpentaria-5H is an historic moment in the development of the Beetaloo Basin.'
Beetaloo Energy managing director Alex Underwood
Beetaloo used specialist firms to refine the design of the stimulation program to ensure it considered lessons learned from previous well stimulation programs.
It has charged industry-leading firm Halliburton with stimulating the super-long well. Halliburton's equipment will provide much-needed punch to the program, which is designed to maximise production rates and gas recovery levels.
Due to the longer well length and larger casing diameter, the stimulation program design will utilise an increased 42,000 hydraulic horsepower for larger pumping rates, increased fluid and proppant (sand) intensity, and a dedicated slickwater design. It includes a revised perforation strategy and various other enhancements.
The benchmarks include a 100-barrel (bbl) per minute pump rate, 50bbl per foot slickwater stimulation fluid intensity and a 2400-pound per foot proppant intensity.
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