Icon Energy has signed a drilling contract with Atlas Drilling and will be proceeding to drill the North Maroon DW1 well in ATP 626P. The well is located approx. 30 kms south of the Moonie oilfield, west of the Leichardt Highway in the Surat Basin in Queensland. See map below. Icon Energy Managing Director Ray James said that the well is being drilled to test the oil and gas potential of the Precipice Sandstone which is the producing reservoir in the Moonie oilfield, from which 22 million barrels of oil have been recovered since 1961.
The well is expected to take 21 days to drill to a deviated depth of 2100 metres using Atlas Rig No.1 (Rig) and will be operated by Icon Gas Productions, a wholly owned subsidiary of Icon Energy.
Scandinavian Oil Gas Magazine
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