Latest news with #TXD200
West Australian
3 days ago
- Business
- West Australian
TMK starts drilling seventh gas production well in Mongolia
TMK Energy has started drilling a seventh production well to increase capacity at its Lucky Fox Pilot Well project in southern Mongolia, using a larger, more powerful TXD200 rig for the first time in the country. Canadian firm Major Drilling is drilling the LF-07 pilot production well to further reduce the reservoir pressure towards the targeted critical desorption pressure. The additional well should boost the depressurisation sought at the project and bump up total production capacity. A recent independent technical review recommended management utilise the larger TDX200 rig, which also has a more advanced mud system to drive drilling efficiencies. The new well is being completed on a fixed cost 'turnkey' contract with Major Drilling to minimise TMK's exposure to cost overruns. The Canadian-based drilling firm has drilled all six previous pilot wells at the project site. The Lucky Fox project, which is part of TMK's wider Gurvantes XXXV coal seam gas project, has progressively lifted gas output this year, setting several monthly records for gas volume produced. The company expects to shortly produce commercial rates of gas across its 60-square-kilometre project in the Nariin Sukhait area of Mongolia's vast countryside. Management has recently had pressure build-up tests conducted at its LF-01, LF-02 and LF-03 wells, encouragingly demonstrating significant reductions in the reservoir pressure within the past two years and providing an overall improvement in reservoir depressurisation. The first gas slugs, large high-pressure gas bubbles, which have formed in its Lucky Fox wells LF-04 and LF-06, imply that the pilot well program is heading towards critical desorption pressure. One of the company's key objectives this year is to reduce the reservoir pressure below the critical desorption pressure, with gas rates anticipated to increase substantially when the objective is achieved. That's why the company has drilled three new production wells this year - LF-07 will be the fourth. The latest well will help meet the company's licence commitment for further pilot wells this year at its Gurvantes XXXV project and boost the production capacity at the complex. TMK believes the additional well will help provide the extra pumping capacity needed to quickly reach the critical desorption pressures for the project to deliver an immediate uplift in gas production. After completing LF-07, the company plans to drill up to five exploration wells in a highly prospective area, about 60km east of Nariin Sukhait. The 2025 exploration drilling program is considered relatively low-cost but could have a big impact on building the company's significant 2C contingent resources in the region. The company's contingent resource of 1214 billion cubic feet (BCF) of natural gas is Mongolia's biggest. The project currently contains a 5300BCF prospective resource across a total 8400 square kilometres of ground. Like many nations, Mongolia is keen to transition away from energy produced from burning coal. Coal seam gas is considered ideal as a 'clean transition fuel' because it emits about half the carbon of coal-generated electricity and burns cleaner than other fossil fuels. TMK believes its Gurvantes XXXV project has the tremendous advantage of proximity to northern China's gas pipelines and provides the company with the opportunity to become a regionally significant, reliable source of natural gas supply for Mongolia's domestic market and the region's energy infrastructure. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
3 days ago
- Business
- Sydney Morning Herald
TMK starts drilling seventh gas production well in Mongolia
TMK Energy has started drilling a seventh production well to increase capacity at its Lucky Fox Pilot Well project in southern Mongolia, using a larger, more powerful TXD200 rig for the first time in the country. Canadian firm Major Drilling is drilling the LF-07 pilot production well to further reduce the reservoir pressure towards the targeted critical desorption pressure. The additional well should boost the depressurisation sought at the project and bump up total production capacity. A recent independent technical review recommended management utilise the larger TDX200 rig, which also has a more advanced mud system to drive drilling efficiencies. The new well is being completed on a fixed cost 'turnkey' contract with Major Drilling to minimise TMK's exposure to cost overruns. The Canadian-based drilling firm has drilled all six previous pilot wells at the project site. The Lucky Fox project, which is part of TMK's wider Gurvantes XXXV coal seam gas project, has progressively lifted gas output this year, setting several monthly records for gas volume produced. The company expects to shortly produce commercial rates of gas across its 60-square-kilometre project in the Nariin Sukhait area of Mongolia's vast countryside. TMK Energy chief executive officer Dougal Ferguson said: 'We have commenced drilling of our seventh pilot production well in the Lucky Fox Pilot Well project, which is another positive step forward for the project… With all six existing wells on production, including LF-05, which has recently been successfully remediated, we look forward to bringing LF-07 on production and continuing to grow our gas production capacity.' Management has recently had pressure build-up tests conducted at its LF-01, LF-02 and LF-03 wells, encouragingly demonstrating significant reductions in the reservoir pressure within the past two years and providing an overall improvement in reservoir depressurisation.
The Age
3 days ago
- Business
- The Age
TMK starts drilling seventh gas production well in Mongolia
TMK Energy has started drilling a seventh production well to increase capacity at its Lucky Fox Pilot Well project in southern Mongolia, using a larger, more powerful TXD200 rig for the first time in the country. Canadian firm Major Drilling is drilling the LF-07 pilot production well to further reduce the reservoir pressure towards the targeted critical desorption pressure. The additional well should boost the depressurisation sought at the project and bump up total production capacity. A recent independent technical review recommended management utilise the larger TDX200 rig, which also has a more advanced mud system to drive drilling efficiencies. The new well is being completed on a fixed cost 'turnkey' contract with Major Drilling to minimise TMK's exposure to cost overruns. The Canadian-based drilling firm has drilled all six previous pilot wells at the project site. The Lucky Fox project, which is part of TMK's wider Gurvantes XXXV coal seam gas project, has progressively lifted gas output this year, setting several monthly records for gas volume produced. The company expects to shortly produce commercial rates of gas across its 60-square-kilometre project in the Nariin Sukhait area of Mongolia's vast countryside. TMK Energy chief executive officer Dougal Ferguson said: 'We have commenced drilling of our seventh pilot production well in the Lucky Fox Pilot Well project, which is another positive step forward for the project… With all six existing wells on production, including LF-05, which has recently been successfully remediated, we look forward to bringing LF-07 on production and continuing to grow our gas production capacity.' Management has recently had pressure build-up tests conducted at its LF-01, LF-02 and LF-03 wells, encouragingly demonstrating significant reductions in the reservoir pressure within the past two years and providing an overall improvement in reservoir depressurisation.
West Australian
08-07-2025
- Business
- West Australian
TMK contracts rig for final Mongolian pilot production well
TMK Energy has signed a contract with Major Drilling Group to drill its latest and likely final pilot production well at TMK's Lucky Fox well complex in the company's Gurvantes XXXV coal seam gas project in Mongolia. The Canadian-listed international drilling company has drilled TMK's previous six pilot wells for the project. The company flagged the imminent signing of the contract at the end of June, while also indicating that it expected the new Nariin Sukhait Lucky Fox LF-07 well would be spud in the coming weeks. That timing places the start of drilling in the second half of July, following Mongolia's main annual holiday break, known as the Naadam festival. For the first time, the company is employing a bigger and more powerful TXD200 drill rig than those used previously, which includes a more advanced mud system expected to improve drilling efficiencies. The LF-07 well will complement the six existing pilot production wells at Nariin Sukhait, where recent pressure build-up tests on wells LF-01, LF-02 and LF-03 have shown that the well-field has significantly reduced the reservoir pressure over the past two years. The latest well has been selected to infill the existing pilot well pattern and to optimise data gathering and gas production rates from the pilot project. Being located up-dip from well LF-05 and on-strike east and west, respectively, from wells LF-01 and LF-02, the latest well will reveal if the pressure drop observed in LF-01 and LF-02 is also evident at LF-07. If a comparable pressure drop is reflected in LF-07 tests, it will support inferred continuity of gas flow towards the favourable up-dip position, making LF-07 a likely early gas producer. In the current pilot well project, the vertical production wells are the company's primary focus as it seeks to prove that commercial gas flows can be achieved from the upper coal seam. After completing LF-07, the company plans to drill up to five exploration wells in a highly prospective area, about 60 kilometres east of Nariin Sukhait. The 2025 exploration drilling program is considered relatively low-cost but could have a big impact on building the company's significant 2C contingent resources in the region. Together with LF-07, the proposed drilling program meets the minimum 2025 work program commitment under TMK's production sharing contract. Management says finishing its LF-07 drilling will mark a significant milestone for TMK. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
08-07-2025
- Business
- Sydney Morning Herald
TMK contracts rig for final Mongolian pilot production well
TMK Energy has signed a contract with Major Drilling Group to drill its latest and likely final pilot production well at TMK's Lucky Fox well complex in the company's Gurvantes XXXV coal seam gas project in Mongolia. The Canadian-listed international drilling company has drilled TMK's previous six pilot wells for the project. The company flagged the imminent signing of the contract at the end of June, while also indicating that it expected the new Nariin Sukhait Lucky Fox LF-07 well would be spud in the coming weeks. That timing places the start of drilling in the second half of July, following Mongolia's main annual holiday break, known as the Naadam festival. For the first time, the company is employing a bigger and more powerful TXD200 drill rig than those used previously, which includes a more advanced mud system expected to improve drilling efficiencies. 'Major has continually demonstrated that it can execute our drilling programs safely, efficiently and cost-effectively, and is one of our key service providers in the country.' TMK Energy chief executive officer Dougal Ferguson The LF-07 well will complement the six existing pilot production wells at Nariin Sukhait, where recent pressure build-up tests on wells LF-01, LF-02 and LF-03 have shown that the well-field has significantly reduced the reservoir pressure over the past two years. The latest well has been selected to infill the existing pilot well pattern and to optimise data gathering and gas production rates from the pilot project. Being located up-dip from well LF-05 and on-strike east and west, respectively, from wells LF-01 and LF-02, the latest well will reveal if the pressure drop observed in LF-01 and LF-02 is also evident at LF-07.
