A breakthrough in drilling technology could slash costs by 85 per cent and help find much needed new mineral discoveries.
It’s been unveiled by the Deep Exploration Technologies Cooperative Research Centre DETCRC which is a collaboration with the CSIRO, the Federal Government and several mining companies.
Only 20 per cent of Australia has been explored and the deposits found have been relatively close to the surface.
The rest of it is deep down, known as ‘under cover’, and that’s what the ‘coiled tubing rig’ will look for.
Read more . . .
The Latest on: Drilling technology
[google_news title=”” keyword=”Drilling technology” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]
via Google News
The Latest on: Drilling technology
- ‘Underground lightning’ among perils of drilling deepest hole on Earth to unlock limitless energyon May 10, 2024 at 2:19 am
US start-up plans on toppling Soviet record for deepest hole ever drilled to unlock huge amounts of geothermal power from Earth's core ...
- Drilling & Completion Fluids Market Poised for USD 13.9 Billion Growth by 2033: Europe Leads with Smart Solutionson May 10, 2024 at 2:06 am
The global drilling and completion fluids market size is anticipated to surge at a CAGR of 3.8% from 2023 to 2033. By 2033, its value is projected to rise to USD 13.9 billion. During the forecast ...
- WesTrac and Caterpillar reach autonomous drilling milestone with Thiesson May 8, 2024 at 6:00 am
Cat dealer WesTrac has joined forces with Thiess to hit an autonomous drilling milestone at the Mt Arthur South operation in Australia.
- Drilling for oil: We do not want this for our beautiful stateon May 8, 2024 at 2:21 am
There are some who want to invite drilling in to create jobs, and that is understandable but regrettably short-sighted.
- Foundation Drilling Tools: Innovations, Quality Control And Maintenance Guidelineson May 7, 2024 at 8:37 am
With these three factors, drilling tools buyers will be in a better position to make decisions from the point of information: As the technology in the manufacturing industry advances and the demand ...
- Self-drilling oil wells to beat self-driving cars to market, SLB vice president sayson May 6, 2024 at 9:48 am
A top executive of Schlumberger NV (SLB), the world's largest energy services firm, on Monday predicted autonomous drilling of oil and gas wells will beat autonomous driving cars to market and create ...
- ‘Deepwater is back in vogue,’ as Big Oil eyes drilling projects with faster payback and lower carbon emissionson May 6, 2024 at 5:50 am
With crude oil prices above $70 a barrels, energy producers can expect a return on their multi-billion-dollar deepwater projects in six years, a relatively short period considering the wells’ longer ...
- Oil Companies Expand Offshore Drilling, Pointing to Energy Needson May 3, 2024 at 2:00 am
Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.
- Geothermal drilling test facility to be established in Alberta, Canadaon May 1, 2024 at 12:00 am
The government of Alberta, Canada has made an initial investment for the Alberta Drilling Accelerator, a facility for geothermal drilling development.
- TAQA Launches Patented Torsional Drilling Technology for Oil & Gas Operatorson April 29, 2024 at 6:59 am
TAQA’s Threlix™ is designed to assist operators in mitigating drilling dysfunctions across multiple axis in Rotary Steerable Systems applications, improving drilling efficiency and cost reduction ...
via Bing News