Jobs and Investment: Milestone Reached in Beetaloo Basin with First Drilling Underway

Origin Energy has successfully and safely spudded, anindustry term for commencing drilling, the Kyalla 117 well as part of itsBeetaloo Exploration Program.

Kyalla 117 is the first of two new appraisal wells to bedrilled and fracture stimulated to help determine the potential of the resourcein the Beetaloo Basin.

The operations in the Beetaloo are supported by a number ofTerritory businesses with more than 50 Territorians employed during this earlyexploration stage. This will increase as the project progresses and, ifsuccessful, moves into production.

Origin has regulatory approval for its EnvironmentalManagement Plans related to the well and is required to comply with strictregulatory standards as per the recommendations of the Independent ScientificInquiry into Hydraulic Fracturing.

Origins exploration permits are located around 600kmsouth-east of Darwin, between Daly Waters and Elliott.

The Beetaloo Exploration Project is a joint venture betweenOrigin as Operator (70%) and Falcon Oil and Gas (30%).

As stated by Minister for Primary Industry and Resources,Paul Kirby:

The Territory Labor Governments focus on creating localjobs and supporting local businesses is being delivered from day one ofOrigins new drilling in the Beetaloo.

Origin successfully drilling in the Beetaloo is anothersignificant milestone reached off the back of completion of all pre-explorationrecommendations from the Pepper Inquiry in July, as part of their explorationprogram.

Our regulatory framework allows for investment in thisemerging industry while protecting our environment.

As stated by Origin General Manager for the Beetaloo andGrowth Assets, Tracey Boyes:

This is an important milestone in realising the opportunitythe project could deliver for the Northern Territory.

A number of Territory businesses have partnered and havebeen working hard with us to reach this point.

Tens of millions of dollars have been awarded in localcontracts and more than 50 Territorians are working with us on this well.

And we wouldnt be where we are today without the supportof Native Title holders and the host pastoralist on whose land we are currentlyexploring.

As stated by APPEA Director Northern Territory andExploration, Keld Knudsen:

The NTs abundant natural gasresources can play a vital role in revitalising the Territorys economy.

The industry remains committedto working with the Territory Government and local businesses to maximiseopportunities for employment while making a meaningful low-carbon contributionto future energy needs.

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