ADX Energy begins drilling Hochfeld-1 gas well in Upper Austria

ADX Energy has started drilling the Hochfeld-1 (HOCH-1) shallow state exploration good successful the ADX-AT-I exploration licence successful Upper Austria.

The Australia-based institution holds a 50% economical involvement successful the HOCH imaginable and serves arsenic operator.

Drilling enactment had reached 96m measured extent utilizing the MD-150 rig operated by MND Drilling & Services.

Hochfeld-1 represents the archetypal of 3 shallow state prospects for ADX Energy successful 2026. Subsequent wells are planned astatine the GOLD-1 and SCHOE-1 sites crossed the ADX-AT-I and ADX-AT-II licence areas.

The existent drilling programme aims for a full measured extent of astir 1,430m, oregon a existent vertical extent of 1,145m, with the cognition scheduled to instrumentality astir 14 days.

The process volition adjacent beforehand to 430m earlier 7in casing is acceptable and cemented, past proceed with a 6⅛-in spread conception to the people depth.

If state is detected, ADX Energy plans to lawsuit and suspend the good for aboriginal accumulation investigating to measure reserves. Hochfeld-1 targets sandstones of the Miocene-age Hall formation, successful which the biogenic state contented has been estimated astatine 99% methane.

ADX Energy’s appraisal places the mean prospective assets astatine 8 cardinal cubic feet (bcf) for the HOCH prospect, and the precocious lawsuit prospective assets astatine 17.3bcf, calculated utilizing SPE-PRMS (2018) standards.

Comparable wells successful the Hall enactment regionally person produced archetypal rates of up to 9 cardinal modular cubic feet per day, astir equating to 1,500 barrels of lipid equivalent per day.

Technical readying for the good utilised 3D seismic data, with the institution identifying amplitude anomalies and a Class 3 amplitude versus offset response.

These features outline the stratigraphic pinch-out trap and supply a nonstop hydrocarbon indicator. The good determination is situated connected the east-south-east structural crest of the prospect, characterised by a three-way dip closure and updip pinch-out seal.

ADX Energy has identified up to 10 shallow state prospects connected its 2 Austrian permits, which are concentrated connected akin Miocene-age reservoirs.

Following completion of the Hochfeld-1 programme, the institution intends to drill SCHOE-1 aft GOLD-1, with SCHOE situated instantly southbound of Hochfeld-1.

According to ADX Energy, the HOCH-1 and SCHOE prospects are regarded arsenic technically independent.

If some locations output commercialized volumes, ADX Energy whitethorn prosecute a clump improvement to usage associated processing and pipeline infrastructure, arsenic the existing Upper Austrian pipeline grid is located astir 2km from the Hochfeld-1 site.

The company’s interior investigation states that an 8bcf find astatine Hochfeld-1, astatine prevailing European state prices, would make gross gross exceeding €120m ($141.2m).