NSE Progresses Drilling of Shale Exploration Well Onshore Canning Basin
by Quintella Koh
|Thursday, December 27, 2012
Australian-listed New Standard Energy (NSE) disclosed Thursday that it has extended the depth of its Gibb Miatland-1 exploration well, sited on EP 450 on the onshore Canning Basin, to 5,768 feet (1,758 meters).
The well, spudded on Dec.6, targets the Goldwyer Formation shales and builds on the company’s Nicolay-1 exploration well results. The company said in a statement that it will now conduct a blow out preventer test and change the drill bit, before drilling towards the second casing point in the well.
According to a report published by the U.S Energy Information Administration in April 2011 on world shale gas resources, the Goldwyer Formation shales contains 764 trillion cubic feet (Tcf) of risked gas in place and 229 Tcf of risked recoverable gas; the largest estimate for any basin in Australia.
"Drilling is expected to take 65 days and no horizontal drilling or hydraulic fracturing will be involved in this phase of the program. No testing or flow of hydrocarbons to surface is planned," NSE detailed in its statement.
NSE's comment about hydraulic fracturing comes amid a spate of protests that have taken place in Australia regarding the development of the country’s unconventional gas assets.
The most recent protest was on Dec.14, where the Climate Emergency Action Network (CLEAN) held a protest in front of Christmas shoppers in Adelaide’s Rundle Mall, before marching to Santos’ headquarters. CLEAN was protesting against the development of shale gas; its message on that day was "no to unconventional gas – yes to renewables."
New Standard Energy is the operator of the well with a 25 percent stake, the remaining interest is held by ConocoPhillips.
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