Galilee Energy Ltd. has started site preparation activities ahead of drilling at its wholly owned Zydeco gas project in Louisiana, US.
The field execution phase is now well underway, keeping the high-impact Zydeco-1 conventional well firmly on track to spud during the first week of July.
Current civil works at the location include the construction of the drilling pad, excavation, drainage installation, and access road improvements. These ground preparations are scheduled to continue throughout June to ensure the site is fully ready for the imminent mobilisation and arrival of RFC Drilling’s Rig 103.
The Zydeco-1 well is targeting up to 8 billion cubic feet (Bcf) of gas and 0.5 million barrels (MMbbl) of condensate and oil across multiple prospective reservoir targets. Situated within a proven Gulf Coast gas-condensate fairway, the project benefits from close proximity to existing regional infrastructure, including a short gas spur line to the Texas Gas Pipeline.
If drilling proves successful, Galilee plans to leverage this network for rapid commercialisation, targeting first production and cash flow within approximately six months of completion.
Galilee Energy Managing Director Joseph Graham said the start of site preparations was a tangible demonstration of the company’s systematic progress through permitting, engineering, and rig contracting.
“Zydeco is not a standalone opportunity,” Graham said.
“It represents the first step in our strategy to build a scalable Gulf Coast oil and gas business focused on low-risk, near-term production opportunities capable of generating early cash flow.”
The company’s broader US expansion strategy is being guided by its newly appointed US Advisory Board, which has already identified a pipeline of follow-on opportunities.
Final participation structures and funding arrangements for these subsequent prospects are expected to be formalised following success at Zydeco-1.