The Territory Labor Government's main focus is to grow our economy, create working opportunities for Territorians and continue transitioning to a net-zero future.
The Beetaloo-Sub Basin on-shore natural gas resource will be at the forefront of the world's transition to renewable energy and enable a new economic era for the NT, estimated to increase economic activity by over $17 billion.
Today, Tamboran a key stakeholder in the Beetaloo Sub-Basin, released their initial production results from well testing.
Over the first 30 day period of testing, Tamboran's pilot project at Shenandoah South recorded the highest normalised rates of gas flow achieved in the Beetaloo Basin to date.
These results exhibit the commercial viability of the project, with Tamboran now moving onto the construction phase and have outlined the potential for natural gas to be delivered to the NT in 2026.
As this project continues to progress, more work opportunities will become available for Territorians and millions of dollars continue to be spent even before full production which flows straight back into our communities.
Reaching net-zero emissions by 2050 is a key goal of the Territory Labor Government and Low C02 Natural gas is critical to transitioning away from high emissions energy sources, securing our energy resources, and lowering your power bills.
The Beetaloo Sub-basin was also at the core of the most comprehensive regional scientific study in Australia's history, the SREBA. The SREBA was completed alongside a major scientific inquiry into Hydraulic Fracking to ensure rigours mechanisms are in place to protect our environment.
Quotes attributable to Chief Minister, Eva Lawler:
"The Northern Territory is on the cusp of immense economic growth, and will be at the forefront of the nation's transition to a net-zero future.
"Today's results released by Tamboran, who are also proponents of the Middle Arm Sustainable Development Precinct, paints a prosperous picture for the Territory as we strive towards a $40 billion economy by ensuring we capitalise on our world class energy resources.
"It is critical we continue to enabling growth in this sector, because with growth comes a predicated 13,000 more opportunities for Territorians to work in new sectors, more reliable energy sources, lower emission production and lower power bills.
Quotes attributable to Minister for Mining, Mark Monaghan:
"The Beetaloo Basin has globally significant Natural Gas reserves which will transform clean energy production in Australia.
"Sitting 500kms south east of Darwin, are projects which will create multibillion dollar growth to our economy, and Tamboran's 30 day flow test results is a key step in delivering on this vision.
"We will be the jurisdiction to deliver cheaper, more reliable and lower emissions gas to the rest of Australia for decades to come."
Quotes attributable to Chief Executive Officer of Tamboran, Joel Riddle:
"We are extremely excited to announce the results from the SS-1H well, which are the highest normalized rates achieved in the Beetaloo Basin to date. The normalized flow rates of 6.4 MMcf/d over a 1,000-metre (3,281-foot) lateral section demonstrate to us the commerciality of the Beetaloo Basin.
"The IP30 result gives us confidence to commence the construction phase of the proposed 40 MMcf/d Pilot Project at Shenandoah South under the Beneficial Use of Gas Legislation, which allows gas that would otherwise be flared to be sold into the local gas market. These volumes have potential to supply natural gas into the Northern Territory gas market in 1H 2026. Final Investment Decision is planned for mid-2024.
"Importantly, the rock properties, including reservoir pressure, effective porosity and gas-in-place, have delivered IP30 flow rates and well performance at Shenandoah South in the Beetaloo West that are favourable to production rates in some regions of the Marcellus Shale dry gas window.
"We will continue flow testing of the well over an initial 90-days to allow for an independent analysis of the expected 20-year EUR of the wells in the region. We then expect to commence drilling of the first two development wells for the proposed Pilot Project, which will be the first 10,000-foot wells drilled in the Beetaloo Basin."
Northern Territory Government
