Armour Energy has signed a contract for the drilling of two development wells for its fully owned Kincora Gas Project on the Roma Shelf, south of Roma, Queensland, Australia.
The current work programme is part of the continuation of the company’s 2018-2019 Phase III growth strategies that include drilling of new wells and the stimulation of existing wells.
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These activities on the Kincora Gas Plant will enable Armour to progress work at its targeted 20TJ/day gas sales.
In addition to preparing for drill rig mobilisation, Armour has completed the construction of the drill sites in Myall Creek and Horseshoe Fields, in the PL511 and PL227 licences respectively.
Designed to a depth exceeding 2,100m, the wells will target liquid-rich, over-pressured Permian and Triassic conventional and tight gas sandstones.
Production from the two new development wells is planned in the fourth quarter of this year while spudding of the first well is anticipated next month.
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By GlobalDataIn June 2018, the company drilled a development well with the PL511 permit at its Kincora gas project. The spudding of the Myall Creek 4A well marked the beginning of the 2018 Kincora gas project drilling campaign.
In May the same year, Armour Energy reported an 8% increase in the total proved and probable (2P) reserves at Kincora.
In October 2017, the company started the commercial sale of gas from Kincora project after completing recommissioning of the plant’s dry gas circuit.
Prior to this, the company completed the previously announced acquisition of the last of the tenements of Kincora project from Origin Energy in September 2016.
