Mosaic preparing new drill technology

Mosaic Oil is on the verge of putting a new drilling technology into practice for the first time in Australia by drilling the first of four wells with Coiled Tubing Horizontal Drilling with Nitrified Liquids in the middle of next week.
Mosaic preparing new drill technology Mosaic preparing new drill technology Mosaic preparing new drill technology Mosaic preparing new drill technology Mosaic preparing new drill technology

The company will exploit its existing 100% owned Tinker 2, Tinker 3, Tinker 4 and Lark 1 wells in the Surat-Bowen Basin in southeast Queensland as quick entry points at a depth of 2km.

At that depth the drilling will then direct outward up to 400m in search of untapped oil and gas reservoirs.

Drilling of the fifth planned well, Churchie 4 (Mosaic 49%, Santos 51%), using traditional drilling with nitrogen, is still expected in early December and remains contingent on the release of the drilling rig currently being used by another company.

The sixth well, at Waggamba, will proceed subsequent to Churchie 4.

loader

Most read TECHNOLOGY