Theia Energy Pty Ltd1 (Theia Energy) discovered a potential unconventional hydrocarbon resource in the Ordovician Lower Goldwyer (GIII) Formation shale located on the Broome Platform of the onshore Canning Basin. The collation, processing, analysis and interpretation of all available regional data culminated in a successful exploration well, Theia-1 (drilled in 2015), which, based upon petrophysical and core analyses, intersected a 70 m gross oil column at 1500–1570 m depth. Theia-1 recovered essential core and wireline log data required to analyse and assess the play elements and reservoir properties necessary for a viable shale oil and gas development. Utilisation of an ‘Unconventional Play Element’ methodology has proven the unconventional hydrocarbon potential of the GIII Formation, and preliminary modelling indicates that economic stimulated flow rates may be achieved. Further operations (a test well with multi-stage hydraulic fracture stimulation) are scheduled in the coming permit year to further quantify the presence of extractable organic matter in the GIII Formation, assess hydrocarbon flow rates, determine fluid composition and appraise commercial viability. This paper will discuss Theia Energy’s exploration campaign in the onshore Canning Basin starting with the regional evaluation, which encompassed all available geoscience data (offset wells, pre-existing seismic and potential analogue fields) and modern specialised shale analysis (sequence stratigraphy, paleogeography, geochemistry, unconventional petrophysics and petroleum systems modelling), to develop a robust regional geological model for the GIII Formation. Pre-drill analysis reduced exploration risk and successfully identified the key geological play elements essential for the successful Theia-1 exploration evaluation program.
Read full abstract