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Galilee Energy Starts Zydeco-1 Drilling with $100K Cost Cut and 13.7 Bcf Gas Target
8:13am on Friday 31st of July, 2026 AEST
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Energy
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Galilee Energy Starts Zydeco-1 Drilling with $100K Cost Cut and 13.7 Bcf Gas Target
8:13am on Friday 31st of July, 2026 AEST
Key Points
Zydeco-1 well spudded on 1 July 2026, on schedule and budget
Revised casing design cuts tubular costs by approximately US$100,000
Gross prospective resources estimated at 13.7 Bcf gas and 610,000 barrels condensate
Fixed-price drilling contract secured with RFC Drilling, LLC
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