and Drillsearch Energy have entered into a new gas sales
agreement with the South Australian Cooper Basin Joint Venture for wet
gas production from the Western Cooper Wet Gas Project in PEL 106 B. The
agreement provides for the sale of 10 bcf of raw gas on a firm basis for
a three year period, with a maximum daily quantity that can be delivered
at 35 mmscfd of raw gas. Under the agreement, the joint venture will
sell raw gas consisting of condensate, LPG and sales gas and will be
paid for each component. (Source: Beach Energy announcement,
is pleased to announce a 25% increase in 3C contingent gas resources to
3,481 PJ in the company’s Bowen Basin projects in Queensland. The
increase follows the independent annual review of data in the company’s
ATP814P and ATP854P blocks by Netherland, Sewell and Associates.
(Source: Blue Energy announcement, 19/03/2013).
advises that results of the Floyd 3D seismic survey at its 100% owned
WA-454-P permit in the Bonaparte Gulf has upgraded contingent resources.
It said the 2C and 3C oil potential increased to 9.2 and 29 mmstb
respectively. The potential 2C and 3C gas resource also increased as a
result of the survey, up to 169 and 423 bcf respectively. In a separate
announcement, MEO has advised that the deadline to drill a second Heron
well in NT/P 68 has been extended to 18/12/2013. (Source: MEO
Australia announcements, 25/03/2013).
Chevron Corporation’s Australian subsidiaries have signed binding
long-term sales and purchase agreements with Chubu Electric Power
Company Inc for LNG from the Wheatstone Project in Western
Australia. Under the agreements Chevron, together with Apache Energy
and Kuwait Foreign Petroleum Exploration Company, will supply
Chubu with 1 mtpa of LNG for up to 20 years. (Source: Chevron
Corporation announcement, 28/03/2013).
Guinea Energy Ltd
is pleased to announce the results of an independent technical review
PPL 267 by Gaffney, Cline & Associates (GCA). New Guinea Energy
has advised that GCA had identified a lead with structural closure at
the Alene and Toro reservoir levels, with a combined best-case P50
prospective recoverable resource of 21.6 mmbbl. GCA also put the chance
of geological success at 12%. It added today that additional work would
be needed to mature the prospective resource into a contingent one.
(Source: Energy News Premium, 05/04/2013).
has signed a major gas sales agreement with Origin Energy for up
to 139 PJ over eight years in relation to its equity interest in gas
produced primarily by the South Australian Cooper Basin joint venture,
the Patchawarra East joint venture and the South West Queensland Unit
joint venture. Commencement date window for supply under the agreement
is from July 2014 to July 2015, with Origin having the option to extend
the agreement by another two years which would increase the gas purchase
to up to 173 PJ. (Source: Beach Energy announcement, 10/04/2013).
engineering group CB&I has won an $A76.4 million contract with Ichthys
contractor JKC to work on the Ichthys project. The scope of work
involves the engineering, procurement, construction, and
pre-commissioning for non-cryogenic storage tanks at the Darwin project.
Project completion has been pencilled in for 2015. (Source: Energy
News Bulletin, 26/03/2013).
Power and automation group ABB has won a $15 million contract to be
the main electrical contractor for a semi-submersible central processing
facility at the Ichthys project off Western Australia. It is the
second major contract ABB has won on the INPEX and Total-owned project.
Last year it won orders worth $80 million to supply power technologies
and medium voltage drive systems for the onshore LNG processing plant
near Darwin. (Source: Energy News Bulletin, 22/03/2013).
GE has been awarded a $597 million contract to provide turbine
maintenance services at the QCLNG plant at Gladstone. The
contract will last for 22 years and cover maintenance support for the
plant’s 15 GE-designed turbines and 28 centrifugal compressors,
gearboxes, generators and other equipment. (Source: Energy News
BHP Billiton and ExxonMobil are planning to build the world’s
largest floating LNG plant at the Scarborough field off the coast
of Western Australia. The joint venture filed a referral under the
Environmental Protection and Biodiversity Act outlining its intention to
develop the field with a FLNG vessel measuring 495m by 75m wide. It
makes the proposed FLNG vessel larger than Shell’s Prelude FLNG vessel,
which measures 488m by 74m. It would also be capable of processing an
estimated 6-7 mmtpa of LNG, compared with Prelude’s 3.6 mmtpa. The joint
venture told the regulator that the vessel would process gas from 12
wells, to be drilled over two phases from 2018. Front-end engineering
and design on the vessel will begin next year, with a final investment
decision to be taken in the 2015 financial year. Start-up of the FLNG
vessel is anticipated in 2021. (Source: Energy News Premium,
Woodside Petroleum has announced that it will not go ahead with the
proposed onshore development of Browse LNG at James Price
Point near Broome, Western Australia.
said it made the decision after a review of tenders for upstream and
downstream bids and it would now meet with joint venture partners on
developing a new development concept for the Browse field. Woodside said
it was looking into the possibility of developing a smaller plant at
James Price Point, along with pursuing a floating LNG concept, or piping
the gas from the field to the North West Shelf development. (Source:
Woodside announcement, 12/04/2013, Energy News Premium announcement,
Ridge Ltd has announced Humboldt Creek 2 has intersected 9.7m of
net coal at the company’s Mahalo asset in Queensland’s Bowen Basin.
It is the third step-out core hole to be drilled following the drilling
of pilot production wells in the Mira field. (Source: Comet Ridge
Senex Energy and joint venture partner Orca Energy are pleased to
report that gas has flowed to surface at a rate of more than 2 mmscfd at
Hornet 1 in the Southern Cooper Basin permit PEL 115. In March,
Senex completed a multi-zone fracture stimulation of the well, targeting
the tight gas sands of the Patchawarra Formation. The well was
stimulated over the interval 2,484m to 2,678m and gas flowed to surface
during clean-up activities. Flow testing and pressure monitoring will
continue during April. (Senex Energy announcement, 03/04/2013).
Senex Energy’s Vintage Crop 2 appraisal well in southern
Cooper Basin permit PPL 241 has intersected gross oil intervals
totalling 59m. The well has been cased and suspended pending completion
as a future oil producer. (Source: Senex Energy announcement,
The Apache operated Olympus 1 exploration well in the
northern Carnarvon Basin, offshore Western Australia has discovered two
gas zones. The well penetrated gas-bearing sands in the Cretaceous Lower
Barrow and Triassic Mungaroo formations. Finder Exploration said that
numerous reservoir fluid and pressure samples were gathered that will
allow the license partners to assess the Olympus resource size, gas
composition and commerciality. Apache intends to review and consider the
well results in proposing a forward plan for the permit. (Source:
Finder Exploration announcement, 11/04/2013).
Permit Updates and Changes
New South Wales
In the Clarence/Moreton Basin, PEL 445 is in the process of being
In the Sydney Basin, PEL 454 is in the process of being renewed.
Also in the Sydney Basin, PEL 460 is in the process of being
renewed over a reduced area of 3,533 sq km.
In the Sydney Basin, a renewal has been offered on PEL 461.
In the Sydney Basin, PEL 463 was renewed to 22/10/2015 over a
reduced area of 1,898 sq km.
In the Gunnedah Basin, PEL 464 was renewed to 22/10/2015 over a
reduced area of 738 sq km.
Also in the Gunnedah Basin, PEL 468 was renewed to 30/04/2018.
In the Murray Basin, PEL 472, PEL 473 and PEL 474
expired after the renewal applications were withdrawn.
In the Clarence/Moreton Basin, ERM Gas P/L is the operator of PEL
In the Sydney Basin, PELA 138 will be withdrawn once PEL 442
has been renewed.
In the Murray Basin, Petro Tech P/L has applied for PELA 145 over
4,628 sq km and PELA 147 over 10,105 sq km.
In the Gunnedah Basin, EL 7505, EL7506 and EL 7508
expired on 07/04/2013.
Also in the Gunnedah Basin, EL 7507 is in the process of being
In the Sydney Basin, EL 7509 has had its expiry date extended to
Also in the Sydney Basin, EL 7511 expired on 07/04/2013.
In the Barka Basin, EL 8065 and EL 8066 were granted on
19/03/2013. The licences will expire on 19/03/2018. The licences are
held by the Director General, NSW Department of Trade & Investment on
behalf of the Crown.
In the Vulcan Basin, AC/P 24 has expired.
Also in the Vulcan Basin, AC/P 40 was surrendered on 28/03/2013.
In the Bonaparte Basin, the deadline for Eni Australia Ltd to drill a
second Heron well in NT/P 68 has been extended to 18/12/2013.
In the Money Shoal Basin, NT/P 73 is being renewed.
In the Vulcan Basin, AC/RL 10 was granted over Katandra to PTTEP
Australia Timor Sea P/L 90% and Bengal Energy Ltd 10% on 22/03/2013. The
licence will expire on 21/03/2018.
In the Georgina Basin, EP 169 was granted to Pangaea Resources
P/L 100% on 04/04/2013. The licence will expire on 03/04/2018.
In the Pedirka Basin, Central Petroleum has agreed to buy 100% of Rawson
Resources Ltd's interest in EP 97 for the placement of 50 million
ordinary shares in Central Petroleum. The transfer of EP 97 to Central
is subject to normal government consents.
In the Eromanga Basin, ATP 299P has undergone a partial
relinquishment and now covers a reduced area of 129 sq km.
In the Surat Basin, ATP 608P is held by Seqoil P/L (a subsidiary
of Arrow) 100%. ATP 608P Rookwood is held by Seqoil P/L 94.625%
and Private Interests 5.375%.
In the Eromanga Basin, ATP 636P was granted on 04/04/2013. The
licence will expire on 30/04/2017.
In the Nagoorin Basin, ATP 679P has undergone a partial
relinquishment and now covers a reduced area of 191 sq km.
Interests in ATP 752P Wompi block are: Santos QNT 35%, Bengal
Energy (Australia) 30%, Senex Energy 17.5%, Bow Energy 10.5%, Ocellaris
Oil (Bow) 7%.
In the Eromanga Basin, the farmin to ATP 794P Moonscape block
never reached earning stage. As such, the area previously covered by
the Moonscape block has reverted back to the remainder of ATP 794P.
In the Surat/Bowen Basin, ATP 893P and ATP 901P have been
relinquished and now revert to vacant acreage.
In the Bowen Basin, ATP 1025P has undergone a partial
relinquishment and now covers a reduced area of 631 sq km.
Also in the Bowen Basin, ATP 1031P has undergone a partial
relinquishment and now covers a reduced area of 747 sq km.
In the Galilee Basin, the applications ATP 1043P, ATP 1048P
and ATP 1050P have been withdrawn.
In the Bowen Basin, Bow CSG P/L have applied for five potential
commercial areas: PCA 129 over 143 sq km, PCA 130 over 60
sq km, PCA 131 over 178 sq km, PCA 132 over 223 sq km and
PCA 133 over 143 sq km.
In the Surat Basin, CNOOC Coal Seam Gas and Tokyo Gas QCLNG P/LL have
acquired 3.5% and 0.875% respectively in PL 392 and PL 393
from the BG Group.
In the Eromanga Basin, Inland Oil sold its interests in PL 482
and PL 483 to Gidgealpa Oil and Beach. New interests are: Beach
Energy 65.62%, Mawson Petroleum P/L 27.59% and Gidgealpa Oil P/L 6.79%.
In the Bowen Basin, Arrow CSG (ATP 364) P/L has applied for production
licences PL 487 and PL 488 over 229 sq km and 239 sq km
In the Carpentaria Basin, KUTh Exploration P/L 100% have applied for
Bids for Cooper Basin gazettal area CO 2012-A and Otway Basin
gazettal area OT 2012-A closed on
04/04/2013 and are currently under consideration.
In the Cooper Basin, the year 5 work program for PEL 105 has been
extended by 6 months from 09/07/2013 to 08/01/2014. The licence has had
its expiry date extended to 08/01/2014.
In the Officer Basin, the work program for PEL 499 has been
extended by 12 months from 15/02/2013 to 14/02/2014.The licence has had
its expiry date extended to 12/01/2015.
In the Arckaringa Basin, the work program for PEL 500 has been
extended by 12 months from 01/04/2013 to 31/03/2014. The licence has had
its expiry date extended to 11/04/2017.
In the Eromanga Basin, there has been a change to the PEL 570
work program which is now -
500 sq km 3D seismic
Year 2: 2 wells
Year 3: 1 well
Year 4: G&G studies
Year 5: G&G studies
In the Pirie-Torrens Basin, application PELA 528 has been
withdrawn by the applicant.
In the Cooper Basin, Victoria Oil Exploration (1977) P/L 40%, Impress
(Cooper Basin) P/L 25%, Permian Oil P/L 20% and Springfield Oil & Gas
P/L 15% have applied for PPLA 243 and PPLA 244 over 3.5 sq km
and 0.3 sq km respectively.
In the Arrowie Basin, GEL 308 and GEL 311 to GEL 315
expired on 27/03/2013.
Also in the Arrowie Basin, GEL 321 and GEL 576 were
surrendered on 21/03/2013.
Effective 30/06/2013, Origin Energy has announced its intention to
withdraw from the Innamincka Deeps and Shallows joint ventures which
cover Cooper Basin licenses GEL 211, GRL 3 to GRL12
and GRL 20 to GRL24.
Offshore in the Gippsland Basin, Oil Basins Ltd will acquire 25% of
VIC/P41 from Moby Oil & Gas for a nominal sum. The deal is subject
to pre-emptive rights which need to be exercised by 18/04/2013.
In the Otway Basin, PEP 167 and PEP 168 have had their
expiry dates extended to 01/03/2018 and 06/06/2014 respectively.
In the Perth Basin, TTP-EPA-0002 is under application by
Perseverance Energy P/L.
In the Browse Basin, Karoon Gas Australia Ltd has notified
ConocoPhillips of its intention not to exercise its right to pre-empt
the proposed sale by ConocoPhillips of a 20% interest in WA-315-P
and WA-398-P to PetroChina Company Ltd.
In the Browse Basin, the year 3 work program for WA-408-P
has been extended by 12 months from 18/04/2013 to 17/04/2014. The expiry
date for the licence has not changed and remains 17/04/2015.
In the Browse Basin, CalEnergy will fund 100% of a well on the
Pryderi prospect (to a cap of $32.4 million) to earn a 25% interest in
WA-424-P, excluding the GMG area and any petroleum recovered from
the permit area. CalEnergy has taken over as operator. In addition,
CalEnergy has an option (for 3 months after the drilling of the Pryderi
prospect) for a further 35% in the licence (excluding GMG area and any
petroleum) in exchange for funding the Phase 2 work program up to the
Total Cap of $32.4 million, less the cost of the Phase 1 work program.
Furthermore, Nexus Energy’s royalty is 3% of actual sales value of
petroleum sold for the first 50 mmbbls and 4% for any sales greater than
In the Browse Basin, CalEnergy has an option to participate at
25% in WA-471-P. This option can be exercised for a nominal cost
within 3 months of drilling the Pryderi well.
In the Carnarvon Basin, Oil Basins Ltd has granted its wholly
owned subsidiary Oil Basins Royalties P/L a 2% royalty from all
petroleum from retention lease R 3.
In the Amadeus Basin, Merlin West P/L is the preferred applicant for
In the Perth Basin, Green Rock Energy Ltd is the preferred
applicant for L 12-7.
In the Canning Basin, Buru Energy Ltd and Phoenix Resources plc
are withdrawing from EP 104. If a renewal is granted the
interests will be: Gulliver Productions P/L 28.99%, Pancontinental Oil &
Gas NL 19.59%, FAR Ltd 15.67%, Indigo Oil P/L 10.77% and Emerald Gas P/L
In the Carnarvon Basin, the year 5 work program for EP 325 has
been extended by 12 months from 29/03/2013 to 28/03/2014. The licence
has had its expiry date extended to 28/03/2014.
In the Perth Basin, Wharf Resources plc has withdrawn from EP 389
due to a default in the joint venture agreement conditions. Empire Oil
Company (WA) Ltd now holds 76.39% and ERM Gas P/L 23.61%.
In the Perth Basin, the year 6 work program for EP 430 has been
extended by 6 months from 20/03/2013 to 19/09/2013. The licence has had
its expiry date extended to 19/09/2013.
In the Perth Basin, Greenpower Energy has advised the Badgingarra 2D
seismic survey will commence in April 2013. Upon completion of the
survey UIL Energy will acquire 50% interest in EP 447.
In the Perth Basin,
the year 6 work
program for EP 454 has been extended by 3 months from 26/02/2013
to 25/05/2013. The licence has had its expiry date extended to
In the Canning Basin, Buru Energy Ltd, Mitsubishi Corp and Rey Resources
Ltd have executed an agreement pursuant to which Buru will sell
interests in EP 457 and EP 458 to Rey and Mitsubishi of
15% and 37.5% respectively for a total cash payment of $21.058 million.
The transaction is subject to FIRB and other regulatory approvals and on
completion, interests in each permit will be Buru 37.5% (operator),
Mitsubishi 37.5% and Rey 25%.
In the Canning Basin, the year 4 work program for EP 464 has been
extended by 12 months from 15/01/2013 to 14/01/2014. The licence has had
its expiry date extended to 14/01/2016.
In the Northland Basin, PEP 38619 was surrendered on 02/04/2013.
In the Taranaki Basin, PEP 52181 EX has had its application area
varied and now covers a reduced area of 45 sq km.
In the Canterbury Basin, PEP 52717 EX has had its application
area varied and now covers a reduced area of 835 sq km.
In the West Coast Basin, an extension of duration is pending for PEP
Also in the West Coast Basin, PEP 50279 was renewed over a
reduced area and now covers 1,142 sq km. The licence will expire 06/04/2016.
Work program is as follows -
12 months: studies, 1 well
24 months: 4000 km geophysical aerial survey, studies
36 months: 600 km geophysical aerial survey, studies
48 months: studies
70 months: studies
76 months: 1 well
88 months: well drilling
Papua New Guinea
The following applications were not granted: APPL 387, APPL
389, APPL 390, APPL 394, APPL 398, APPL 415,
APPL 416, APPL 417 and APPL 420.
In the New Ireland Basin, Bismarck Oil Co Ltd has applied for APPL
413 over 17,185 sq km.
In the Papuan Basin, Bismarck Oil Co Ltd has applied for APPL 432
over 4,772 sq km, APPL 433 over 6,175 sq km and APPL 434
over 1,453 sq km.
In the Papuan Basin, Interoil has received the final $55 million of the
US$116 million payment, from Pacific Rubiales Energy for 10% of PPL
In the Papuan Basin, Oil Search has withdrawn from PPL 239 and
the interest has been distributed pro-rata to the remaining joint
venture partners. Interests in the licence are: Talisman Oil 50%,
Nippon Oil Exploration (Niugini) 25% and Diamond Gas Foreland 239 BV
In the Papuan Basin, PPL 240 has been relinquished.
In the Cape Vogel Basin, PPL 257 will expire on 06/02/2016.
In the Papuan Basin, PPL 261 was renewed to 22/11/2017 over a
reduced area of 1,795 sq km.
The following licences have been relinquished: PPL 281,
PPL295, PPL 302, PPL 306 and PPL 307.
In the Papuan Basin, Heritage Petroleum Plc will earn 80% of PPL 319
and PRL 13 from LNG Energy/Telemu by funding the cost of seismic
acquisition and the drilling of a well. In addition, Heritage will make
a US$4 million contribution to LNG Energy's back costs on the licences.
Heritage will take over as operator.
In the New Ireland Basin, PPL 346 and PPL 347 were granted
to PNG Holdings Ltd 100% over 12,639 sq km and 8,928 sq km respectively.
Also in the New Ireland Basin, PPL 352 was granted to Peak Oil
(PNG) Ltd 100%.
In the Papuan Basin, PPL 363 was granted to New Ports Holding 1
(PNG) Ltd 100% over 9006 sq km.
In the North New Guinea Basin, PPL 391 was granted to Taurus Oil
Ltd 100% over 2,320 sq km.
In the Papuan Basin, PPL 395 was granted to Taurus Oil Ltd 100%.
In the Cape Vogel Basin, PPL 396 was granted to Hornby Energy Ltd
Also in the Cape Vogel Basin, PPL 397 was granted to Penant
Resources Ltd 100%.
In the Papuan Basin, PPL 401 and PPL 402 were granted to
Jurassic International Holdings Ltd.
In the New Ireland Basin, seven licences have been granted to Petromin
PNG Holdings Ltd 100%: PPL 406 over 17,201 sq km, PPL 407
over 18,156 sq km, PPL 408 over 18,069 sq km, PPL 409 over
11,954 sq km, PPL 410 over 18,662 sq km, PPL 411 over
18,243 sq km and PPL 412 over 18,060 sq km.
In the Papuan Basin, three licences have been granted to Elevala Energy
Ltd 100%: PPL 421 over 2,657 sq km, PPL 424 over 16,052
sq km and PPL 425 over 16,894 sq km.
In the Papuan Basin, interests in PPL 426 are Sasol Petroleum PNG
41%, Talisman Niugini 39% and Mitsui E&P Australia 20%.
In Timor-Leste, S06-02 and S06-05 have been relinquished. In addition,
S06-04 has undergone a partial relinquishment and now covers a reduced
area of 1,545 sq km.
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