Lakes Oil N.L., the oldest Australian focused oil and gas exploration company, changed its name to Lakes Blue Energy N.L. in 2020 to better reflect its focus on producing cheap, clean, dispatchable energy from alternative sources (eg Hydrogen, waste heat, compressed air technologies, etc) beyond the traditional oil and gas space.
Its primary focus remains on producing the abundant volumes of gas that it has discovered across its Victorian portfolio whilst diversifying its interests across numerous jurisdictions to protect itself from further delays as a result of populist government actions. Over the past 25 years it has spent in excess of $100m across its exploration portfolio and has identified the, potentially, largest undeveloped gas resource across the east coast of Australia. Lakes’ Wombat Field has the potential to meet 10% of Victoria’s gas requirements once it is permitted to be brought into production.
Lakes has recently drilled, completed and tested the Nangwarry-1 well in South Australia resulting in the discovery of a significant CO2 resource to help meet the increasing CO2 demand across the east coast. Lakes’ goal is to become the largest onshore gas producer to help alleviate the rapidly approaching gas shortages which are expected to severely impact the east coast of Australia from 2023 onwards. Lakes has contracted inGauge Consulting Services to assist it with the planning, approval and execution of its exploration activities to help expediate its developments.
inGauge assists CTSCo to drill West Moonie 2, achieves all critical well objectives, on time and under budget
CTSCo’s West Moonie 2 well has been completed on time and below budget with all objectives achieved. inGauge managed the well design, preplanning and execution on behalf of CTSCo.
inGauge provided engineering and project execution for the 2021 workover campaign aimed at enhancing production from the Glenaras Lateral Pilot area. The programme has now been completed and is showing signs of success with gas rates in the field increasing to near 80 Mscfd.
inGauge Energy has started a project with a major Australian gas producer to review and update their well integrity management system. The aim of the project is to be much more pre-emptive and targeted in response to well integrity issues to ensure money is spent resolving issues rather than simply re-confirming known problems.