This year the Federal Government has released its Technology Investment Roadmap in which it details its plans to focus on new technologies to reach Australia’s emissions targets. That plan identifies a target cost of Carbon Capture and Storage (CCS) at $20 per tonne of CO2 as one of 5 priority stretch goals. In support of this effort, the Federal Budget released in October of this year commits $50M over the next 3 years to CCS R&D projects. inGauge Energy has designed and constructed more CCS wells than all other parties combined in Australia. In 2019 inGauge completed the design and construction of four deviated CCS injection wells for CO2CRC in their Otway National Research Facility near Port Campbell in Victoria. We went on to successfully run complex completions as part of their seismic monitoring array in those wells plus one existing well. In 2020, and leveraging that expertise, inGauge won the tender to design and construct the West Moonie 1 CCS injection well for CTSCo (a wholly owned subsidiary of Glencore) in the Surat Basin in Queensland.
For this project inGauge provided end to end design and project management services, covering environmental assessments, engineering design and procurement, civil construction, logistics and well construction operations management. We are delighted to report that West Moonie 1 has now been successfully drilled to a depth of 2700m and handed over to CTSCo for use in the next phases of the technology development. We look forward to working with CTSCo again in the near future.
Learn more about the project here.
Empire Energy has just announced the acquisition of an operated 82.5% interest in five tenements from Pangaea across the Beetaloo Sub-basin. This is transformational news for Empire and follows the outstanding result of the Carpentaria 1 discovery well in their Northern Territory acreage in late 2020.
inGauge are again proud to support Galilee Energy on their Glenaras pilot wells in the Galilee Basin.
Leigh Creek Energy announced this week the commencement of the 2021 drilling campaign. We are looking forward to delivering top quality and high integrity wells to meet the economic criteria and exceed environmental expectations.