ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Enerdrill to the Rescue

    Home News Enerdrill to the Rescue
    NextPrevious

    Enerdrill to the Rescue

    By admin | News | 0 comment | 22 May, 2012 | 0

    Tuesday, 22 May 2012
    Source: Energy News Bulletin

    TRANSERV Energy and its Warro joint venture partners may have found a solution to the lack of suitable drilling equipment for onshore oil and gas projects in Western Australia. A new WA-based drilling company, Enerdrill, has been formed to provide a new source of drilling rigs and equipment to the onshore oil and gas industry.

    According to Transerv, Enerdrill has two high capacity drilling rigs which appear to be suited to the drilling conditions at the Warro gas field in the Perth Basin.

    Enerdrill also has a workover rig which Transerv said could be suitable for reconditioning an existing well for further flow testing operations.

    “The arrival of this equipment in WA will be excellent news for Warro and the local onshore oil and gas industry because it will provide immediate capacity and availability of rigs to carry out work in the Perth Basin and other areas which does not currently exist.”

    WA’s onshore oil and gas explorers have had to deal with a lack of drilling equipment for some time now.

    The state, which has potential for tight gas in the Perth, Canning and Carnarvon basins with the Perth Basin alone believed to host up to 12 trillion cubic feet of tight gas, only has one deep rig available, the Weatherford 826.

    Along with rigs, WA is also short of associated equipment including coiled tubing units and fraccing equipment.

    Argonaut Limited, a substantial shareholder in Transerv, played a lead role in Enerdrill’s establishment.

    FOCUS

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital