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26 Feb 2024 Energy

Beetaloo records highest test rate to date

The Beetaloo-Sub Basin on-shore natural gas resource will be at the forefront of the world’s transition to renewable energy and enable a new economic era for Australia’s Northern Territory, with an estimated increase in economic activity by over $17 billion.

Today, Tamboran a key stakeholder in the Beetaloo Sub-Basin, released their initial production results from well testing.

Over the first 30 day period of testing, Tamboran’s pilot project at Shenandoah South 1H (SS-1H) recorded the highest normalised rates of gas flow achieved in the Beetaloo Basin to date.

These results exhibit the commercial viability of the project, with Tamboran now moving onto the construction phase and have outlined the potential for natural gas to be delivered to the Northern Territory in 2026.

Chief Executive Officer of Tamboran, Joel Riddle said “We are extremely excited to announce the results from the SS-1H well, which are the highest normalized rates achieved in the Beetaloo Basin to date. The normalized flow rates of 6.4 MMcf/d over a 1,000-metre (3,281-foot) lateral section demonstrate to us the commerciality of the Beetaloo Basin.

“The IP30 result gives us confidence to commence the construction phase of the proposed 40 MMcf/d Pilot Project at Shenandoah South under the Beneficial Use of Gas Legislation, which allows gas that would otherwise be flared to be sold into the local gas market. These volumes have potential to supply natural gas into the Northern Territory gas market in 1H 2026. Final Investment Decision is planned for mid-2024.

“Importantly, the rock properties, including reservoir pressure, effective porosity and gas-in-place, have delivered IP30 flow rates and well performance at Shenandoah South in the  Beetaloo West that are favourable to production rates in some regions of the Marcellus Shale dry gas window.

“We will continue flow testing of the well over an initial 90-days to allow for an independent analysis of the expected 20-year EUR of the wells in the region. We then expect to commence drilling of the first two development wells for the proposed Pilot Project, which will be the first 10,000-foot wells drilled in the Beetaloo Basin” said Mr Riddle.

As this project continues to progress, more work opportunities will become available for Territorians and millions of dollars continue to be spent even before full production which flows straight back into our communities.

Reaching net-zero emissions by 2050 is a key goal of the Northern Territory Government and Low C02 Natural gas is critical to transitioning away from high emissions energy sources, securing our energy resources, and lowering your power bills.

The Beetaloo Sub-basin was also at the core of the most comprehensive regional scientific study in Australia’s history, the SREBA. The SREBA was completed alongside a major scientific inquiry into Hydraulic Fracking to ensure rigours mechanisms are in place to protect our environment.