How is Elixir Energy's Collaboration with Halliburton Transforming the Grandis Gas Project?
Elixir Energy Limited
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How is Elixir Energy's Collaboration with Halliburton Transforming the Grandis Gas Project?

Elixir Energy Advances in Grandis Gas Project: Daydream-2 Enters Stimulation & Testing Phase

Elixir Energy Limited ("Elixir"), a prominent figure in the energy sector, has recently announced significant advancements in its flagship Grandis Gas Project, specifically the Daydream-2 appraisal well in Queensland’s Taroom Trough.

Successful Drilling and Installation

The Daydream-2 well, a critical component of Elixir's 100% owned Grandis Gas Project (ATP 2044), has reached a pivotal stage. Following its successful casing and suspension, the well has seen the installation of a wellhead, marking a major milestone. This achievement led to the release of the SLR 185 drilling rig from the site, signifying the completion of the drilling phase.

Laboratory Analysis: A Window into the Subsurface

As Elixir transitions from drilling to testing, the focus now shifts to the analysis of various drill cuttings collected during the well's drilling. Laboratory examinations are currently underway, with results expected to emerge in January. These findings will offer critical insights into the subsurface characteristics, paving the way for the subsequent phases of the project.

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The Next Phase: Stimulation and Testing

In a strategic move, Elixir has engaged Halliburton, a global leader in hydraulic fracturing, through a competitive tender process. This partnership aims to leverage Halliburton's expertise in fracture performance to optimize the stimulation of the Daydream-2 well. Halliburton's innovative solutions and their history of enhancing asset value in the industry make them a fitting choice for this venture.

Research and Development: Pushing the Frontiers

The collaboration between Elixir and Halliburton extends beyond service provision. It encompasses various research and development aspects, aiming to apply technological advancements from the last decade in the USA to optimize stimulation outcomes. This initiative indicates Elixir’s commitment to incorporating cutting-edge techniques in its operations.

Stimulation Program: A Dual Approach

Elixir's forthcoming stimulation program is set to target both sandstone and coal zones within the well. The potential success in extracting gas from the latter could substantially elevate the contingent resources, marking a significant breakthrough in the project.

Management Insights and Forward Look

Elixir’s Managing Director, Mr. Neil Young, expressed optimism about the project's progress. He highlighted the successful completion of the drilling phase and the company's readiness to embark on the stimulation and flow testing phase. Young emphasized the importance of the company's partnership with Halliburton, viewing it as a testament to the potential of the Taroom Trough and a step towards unlocking it with advanced stimulation techniques.

Project Timeline and Expectations

With the drilling results and ongoing analytical work guiding the project, Elixir anticipates initiating the physical work program by February. This phase will mark a critical step in realizing the project's full potential and contributing significantly to the energy sector.

Elixir Energy: A Pioneering Force in Energy Development

Elixir Energy Ltd, headquartered in Adelaide, Australia, continues to spearhead innovative projects in the energy sector. The company's strategic collaborations and commitment to incorporating advanced technologies underscore its role as a pioneer in the industry. As the Grandis Gas Project progresses, Elixir stands at the forefront of unlocking new energy potentials, promising a significant impact on the energy landscape.

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