The test drilling by the Australian exploration company ADX Energy has encountered hydrocarbons in the Welchau-1 well near Molln (Upper Austria). The company has discovered a condensate-rich natural gas deposit at the predicted depth and primary target formation of 1452-1567 meters, which now needs to be further evaluated before a potential development. Since the nature conservation permit expires on March 31, further tests will be postponed until the fall and the drilling rig will now be dismantled. [more]
BUSINESS TOP STORY
Mon, 2024-03-18 - 09:30
Large liquid-rich hydrocarbon deposits at a depth of 1452 to 1567 meters
The test drilling by the Australian exploration company ADX Energy has encountered hydrocarbons in the Welchau-1 well near Molln (Upper Austria). The company has discovered a condensate-rich natural gas deposit at the predicted depth and primary target formation of 1452-1567 meters, which now needs to be further evaluated before a potential development. Since the nature conservation permit expires on March 31, further tests will be postponed until the fall and the drilling rig will now be dismantled.
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