OPERATIONS

Arrow boosts CSM output by 15% in 3 months

ARROW Energy has posted a 15% increase in quarterly production to about 29 terajoules per day in ...

Arrow boosts CSM output by 15% in 3 months

The Brisbane-based coal seam methane company said it was now producing about 34.2TJpd.

“This quarter has seen some noteworthy advances in production from Arrow’s operating fields,” it said.

“Whilst overall production is up by 15% over the previous quarter, there have been some significant standalone field improvements.”

During the quarter, output was tripled at the Daandine field, production rose 12.5% at the Kogan North field, while the Tipton West field is now producing more than 9 million cubic feet per day (MMcfd), with several wells generating between 500,000 cubic feet per day and more than 1MMcfd.

Arrow said these Surat Basin CSM operations were based on well spacings of between 120 acres and 160 acres, which provided access to large long-term reserves whilst producing at commercial rates.

“The wells drilled and completed in the Daandine, Kogan and Tipton fields are low capital, low maintenance, high-yield wells designed to deliver robust, sustainable returns to the business,” the company said.

Looking ahead, Arrow said it plans to continue increasing deliveries from all producing fields, while also focusing on its overseas assets.

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