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Operations involve re-entering and deepening the original Champagne Creek-2 well, which encountered a 50m gross gas column in March last year.
This time, the well will primarily target the Triassic-aged Clematis Sandstone, which has not yet been intersected on the Champagne Creek anticline.
The Champagne Creek structure is a dip-closed anticline with an estimated potential resource at the Clematis Sandstone level of up to 60 billion cubic feet (Bcf) of recoverable gas. The well is expected to take about 16 days to drill and evaluate.
Under an earlier agreement, Beach will earn a half-stake in ATP768P by funding the Champagne Creek 2A deepening project. If Beach decides to proceed with its farm-in, it is obligated to pay a portion of Sunshine’s back costs to date.
