DRILLING

Big rig on its way: Geodynamics

GEODYNAMICS is on track to start drilling the Habanero-3 well in July, now that its new state-of-...

Big rig on its way: Geodynamics

The hot rocks hopeful says the rig is due to arrive in Brisbane in late June and be delivered to the Habanero-3 wellsite in South Australia’s Cooper Basin around 10 days later.

As a result, the company expects to spud Habanero-3 well in the second half of July.

The $32 million unit will be the most powerful onshore rig in Australia, capable of drilling to depths of around 6000m.

Geodynamics managing director Adrian Williams told PetroleumNews.net previously that the Lightning Rig’s advanced control system would enable precision drilling and an efficient and safe operation.

“This rig will set a new benchmark for drilling in Australia,” he said.

“A unique modular design allows the rig to be moved from one well to another within three days instead of the usual weeks, using around 30 trucks instead of the normal 70.”

Once drilling at Habanero is complete, Geodynamics would consider hiring the rig out to other hot rocks players or to conventional petroleum explorers.

“This is going to be the only rig in Australia that can drill to those depths,” Williams said.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry