ADX Vitality has began drilling the Hochfeld-1 (HOCH-1) shallow fuel exploration nicely within the ADX-AT-I exploration licence in Higher Austria.
The Australia-based firm holds a 50% financial curiosity within the HOCH prospect and serves as operator.
Drilling exercise had reached 96m measured depth utilizing the MD-150 rig operated by MND Drilling & Companies.
Hochfeld-1 represents the primary of three shallow fuel prospects for ADX Vitality in 2026. Subsequent wells are deliberate on the GOLD-1 and SCHOE-1 websites throughout the ADX-AT-I and ADX-AT-II licence areas.
The present drilling programme goals for a complete measured depth of round 1,430m, or a real vertical depth of 1,145m, with the operation scheduled to take roughly 14 days.
The method will subsequent advance to 430m earlier than 7in casing is about and cemented, then proceed with a 6⅛-in gap part to the goal depth.
If fuel is detected, ADX Vitality plans to case and droop the nicely for future manufacturing testing to evaluate reserves. Hochfeld-1 targets sandstones of the Miocene-age Corridor formation, wherein the biogenic fuel content material has been estimated at 99% methane.
ADX Vitality’s evaluation locations the imply potential useful resource at eight billion cubic toes (bcf) for the HOCH prospect, and the excessive case potential useful resource at 17.3bcf, calculated utilizing SPE-PRMS (2018) requirements.
Comparable wells within the Corridor formation regionally have produced preliminary charges of as much as 9 million normal cubic toes per day, roughly equating to 1,500 barrels of oil equal per day.
Technical planning for the nicely utilised 3D seismic information, with the corporate figuring out amplitude anomalies and a Class 3 amplitude versus offset response.
These options define the stratigraphic pinch-out entice and supply a direct hydrocarbon indicator. The nicely location is located on the east-south-east structural crest of the prospect, characterised by a three-way dip closure and updip pinch-out seal.
ADX Vitality has recognized as much as ten shallow fuel prospects on its two Austrian permits, that are targeting related Miocene-age reservoirs.
Following completion of the Hochfeld-1 programme, the corporate intends to drill SCHOE-1 after GOLD-1, with SCHOE located instantly south of Hochfeld-1.
Based on ADX Vitality, the HOCH-1 and SCHOE prospects are considered technically impartial.
If each areas yield business volumes, ADX Vitality might pursue a cluster growth to make use of joint processing and pipeline infrastructure, as the prevailing Higher Austrian pipeline grid is situated roughly 2km from the Hochfeld-1 web site.
The corporate’s inside evaluation states that an 8bcf discovery at Hochfeld-1, at prevailing European fuel costs, would generate gross income exceeding €120m ($141.2m).