GPinfo April 2017


Work Program Sub-system

 

The Work Program information in GPinfo has been restructured and enhanced. Previously the Work Program was a single memo field within the permit record. Now it is a separate table containing multiple records for each permit …

 

Industry Summary

 

The recipients of the first round of the Plan for Accelerating Exploration (PACE) Gas Grants have been announced, with five exploration and development projects to share in $24 million in State funding

 

Shell Australia has made a $500 million commitment to drill 161 new wells in Queensland as part of a new project aimed to boost gas supply in the east coast. Named Project Ruby, the joint venture …

 

Permit Updates and Changes

 

AJ Lucas Group Ltd had an agreement to acquire 80% of PEL 456 (conventional) and 68% of PEL 456 (coal seam gas).  In September 2015, AJ Lucas decided not to take up the interest …

 

Retention lease applications over the Ascalon Location WA-407-P LA and the Ascalon Extension Location WA-420-P LA have been refused by NOPTA because it had taken the view that the remote field is


Work Program Sub-system                       

 

The Work Program information in GPinfo has been restructured and enhanced. Previously the Work Program was a single memo field within the permit record. Now it is a separate table containing multiple records for each permit. The new table is called Permit Work Program.

 

If a permit has a Work Program associated with it, you will see its Work Program listed in the Details Window as a linked table, in the same way as Participants and Wells In Permit.

 

 

Field

Country

Description

Start Year

Australia/PNG

Year of term of permit. See left-hand example above.

End Year

Australia/PNG

Only populated for intervals greater than 1 year.

Months

New Zealand

Start of permit term in months from Commencement date. See right-hand example above.

Start Date

Australia/PNG

Permit year start date, seeded from the later of permit Renewal date or Granted date. (A small number of exceptions in Queensland are seeded from Commencement date).

 

New Zealand

Permit term start date, seeded from Commencement date.

End Date

Australia/PNG

Permit year end date. Usually 364 days after the Start Date, except when the permit has undergone a suspension and/or extension in the permit year.

 

New Zealand

Permit term end date based on months from Commencement date.

Spend

Australia/PNG

Estimated expenditure in AU$ millions.

Commitment

Australia/PNG

Key deliverables.

 

Notes

 

1.  Australian permits use Start Year and End Year while New Zealand permits use Months. 

2.  Where fields are not populated, the column is not displayed in the Details Window e.g. the Months field/column is never shown for Australian permits. 

3.  Where a permit has multiple dates, Work Programs are seeded from those dates in the following order - Commencement date first, Renewal date second, Granted date third.  

4.  Where the Commitment field is too long to be displayed, as in year 4 of the first example above, you can click on the button at the end of the line to display the full Commitment in a pop-up window -

 

5.  Some Queensland permits have only a Start Date and End Date for the full 4-year term. These are recorded as shown below, with an explanatory comment record appended after the last line of data. More generally, where there is an overriding condition that does not relate to a particular year, an explanatory comment record is included.

  

6.  Where the permit has undergone a suspension or extension, the Start Date and End Date will not match year on year. In the left example, there have been no suspensions or extensions and the dates all match up. In the example on the right, there has been an 18-month extension in year 3.

 

7.  At any time, you can expand the Details Window by dragging out the right margin to expose more data. Alternatively, undock the window and resize as required. 

8.  To display the full WP in report form, click on the Show Details button  which is next to the Permit Work Program section header in the Details Window.

 

9.  To display WP information in a Browser, right-click on the Permit Work Program layer in the TABLES>PERMIT DATA group in the Map Manager and select Browse. Export the data by right-clicking on the Browser tab and selecting either Copy to clipboard or Export to CSV file.


 

Can't see the new data?

Correct display of the Permit Work Program layer requires a modification to the structure of your GPinfo configuration file.  This should happen automatically the first time you start a GPinfo session after the April data update has been installed. However, you can force GPinfo to apply the required structural changes by selecting View > Options > Updates and clicking on the Update GPinfo system layers now button.

 

 

Industry Summary                                       

 

Company News

 

The recipients of the first round of the Plan for Accelerating Exploration (PACE) Gas Grants have been announced, with five exploration and development projects to share in $24 million in State Government funding. The grants will generate up to $174 million in new investment by oil and gas companies in local production projects. Gas extracted through the grant scheme will be offered to South Australian electricity generators first. Further, the SA government is proposing to pay landowners and farmers 10% of the royalties collected from the gas sold from a property where it is being extracted. The five PACE Gas Grant projects comprise:

·         $5.82 million for the Senex-Santos Cooper Basin pipeline project

·         $6 million for the Beach Energy Otway Basin exploration project targeting conventional reservoirs

·         $3.96 million for the Santos Cooper Basin re-fracture stimulation project

·         $6 million for the Santos Cooper Basin underbalanced drilling project

·         $2 million for the first phase of the Strike Energy Cooper Basin deep coal project

(Source: Department of State development announcement, 17/03/2017, Energy News Premium, 15/03/2017 and 16/03/2017).

 

Origin Energy Ltd has signed two transactions with ENGIE in Australia. Under the first agreement, Origin will supply gas to Pelican Point power station and for a fixed charge will gain access to 240MW of electricity production, which will be used by Origin to supply customers in South Australia. The agreement will run from 01/07/2017 to 30/06/2020 and will better position Pelican Point to support peak demand over the 2017/2018 summer period and beyond.  Under the second agreement, Origin will sell 8 PJ of natural gas to ENGIE in Australia across 2018 and 2019 to help it meet the needs of its customers. (Source: Origin Energy announcement, 29/03/2017).

 

Carnarvon Petroleum Ltd is pleased to provide an update on the Phoenix South resource estimates following further technical work on the Phoenix South 2 well results. Further technical work has determined the resources estimates in the Phoenix South Caley have increased from pre-drill estimates by 32%. Based on the pressures encountered, and the nature of the gas observed, the resource estimates have been increased to a gross mean 489 bcf of recoverable gas and 57 mmbbls of associated condensate or 142 mmboe, assuming a conventional anticline trapping structure. Carnarvon said some of the data from the Phoenix South 2 well suggests there could be a stratigraphic component to the Caley structure that could materially increase the resource size, although Phoenix South 3 would be required to confirm that upside. In addition to the discovery in the Caley, a 25m gross oil column was encountered in the Hove Shale, which is still under review. (Source: Carnarvon Petroleum announcement, 28/03/2017).

 

Comet Ridge Ltd has executed an agency agreement with Santos. Effective immediately, Comet Ridge has been appointed to assume responsibility to manage the field subsurface work in respect of the Mahalo 2017 joint venture exploration work program and budget until 31/12/2018. Further, Comet Ridge has proposed an amended Mahalo joint venture exploration work program and budget, which is subject to joint venture approval, scheduled for 12/04/2017. The aim of Comet Ridge's plan is to accelerate moving 3P reserves into the 2P reserves category, and potentially shift 1C resources into reserves. (Source: Comet Ridge announcement, 03/04/2017).

 

Armour Energy is pleased to provide a reserves update on its operated Roma Shelf assets, as part of the company’s Kincora project. Following the independent review, 2P reserves are now at 56.82 PJ, with 117,338 tonnes of LPG and 564,700 bbls of condensate. The 3P upside is almost 158 PJ, 326,000 tonnes of LPG and 1.57 mmbbls of condensate. Armour is working to further find and develop reserves and resources on the Roma Shelf once the Kincora restart was well in hand. (Source: Armour Energy announcement, 03/04/2017, Energy News, 03/04/2017).

 

Todd Energy Ltd has agreed to buy out partner Royal Dutch Shell in the Kapuni Joint Venture PML 38839 in return for Shell gaining 100% control of Shell Todd Oil Services. Todd will take over day-to-day control of the Kapuni gas field, which was discovered in 1959. The sales and purchase agreement is subject to regulatory approvals and is not expected to be finalised for several months. The terms of the sale were confidential.  (Source: Energy News, 07/04/2017).

 

Shell has signed two new gas contracts in South Australia and Queensland to ensure gas is available to the domestic market. Shell said ENGIE and Orica will buy the gas from the QGC Joint Ventures' CSG properties in the Bowen Surat Basin. Around 8 PJ of gas will be sold to ENGIE's Pelican Point power plant in South Australia for five months over the peak winter period to help secure electricity contracts to major industrial users. An 18-month agreement will supply gas from Queensland's Surat Basin gas fields to Orica's Yarwun facility near Gladstone, which produces explosives and cyanide for the mining industry. (Source: Energy News, 07/04/2017).

 


 

Developments

 

Shell Australia has made a $500 million commitment to drill 161 new wells in Queensland as part of a new project aimed to boost gas supply in the east coast. Named Project Ruby, the joint venture with Shell’s QGC business, adds on to QGC’s operations in the Surat Basin. The wells will be drilled this year and in 2018 within QGC’s existing tenements in the state’s south-west. Shell Chairman Andrew Smith said the project showed the company’s commitment to continuing gas supply in the east coast market. Shell’s QGC business will sell more than 75 PJ of gas to Australian customers this year, which represents more than 10% of east coast demand and 40% of Queensland demand. (Source: Oil & Gas Journal, 22/03/2017).

 

Sparrows Group has secured a three-year contract to deliver fixed crane maintenance, lifting and rigging services for the INPEX-operated Ichthys LNG project. The agreement will see the company’s teams in Perth and Darwin support activities across the Ichthys onshore LNG facility at Bladin Point, the offshore central processing facility Ichthys Explorer and the Ichthys Venturer FPSO. The scope encompasses maintenance, servicing and inspection of lifting equipment and cranes, the supply of lifting equipment, spare parts and materials, and technical and engineering support. The value of the Ichthys contract, which is for three years plus two one year options, was not disclosed. (Source: Energy News, 29/03/2017).

 

Cooper Energy Ltd has announced that the Sole gas project has been approved by the Company’s board of directors as ready to proceed and that finalisation of financing has commenced with a fully underwritten equity raising approximately $151 million. The project will develop the Sole gas field located in VIC/L32 to supply 25 PJ per annum to gas users in south east Australia. Gas produced from the field will be piped to the Orbost Gas Plant, from where the gas will be supplied to customers through the Eastern Gas pipeline. The Final Investment Decision is now only subject to securing satisfactory funding for the project. First gas from the project is expected in the March quarter of 2019. (Source: Cooper Energy announcement, 29/03/2017).

 

The Gorgon project on Barrow Island offshore Western Australia has started LNG production from Train 3. The 5.2 mtpa train will enable the $54 billion Gorgon facilities to ramp up to full production capacity of 15.6 mtpa. The start-up comes just after the project shipped its 50th LNG cargo from the island earlier this month. While describing the start of the third train as a milestone event, Nibel Hearn, Chevron Australia Managing Director, also recently noted that there is unlikely to be any near-term investments in a fourth train at the site. (Source: Oil & Gas Journal, 29/03/2017).

 

The Total-led group at the proposed Elk-Antelope natural gas field development known as Papua LNG has outlined an expected timeline for the project. The joint venture expects to start its front-end engineering design work by yearend or early 2018. All being well, this will lead to a final investment decision at about yearend 2018 or the beginning of 2019. The joint venture is currently completing an appraisal program at the fields and finalising design aspects. The overall plan is a pipeline to the coast feeding into an LNG facility nearby - or integrated with - the ExxonMobil-led PNG LNG plant at Caution Bay near Port Moresby. (Source: Oil & Gas Journal, 03/04/2017).

 


 

Discoveries

 

Beach Energy has completed its operated four-well Permian gas exploration and appraisal campaign that concluded with a discovery at Mokami 1. The wildcat well tested a western extension of the southwest Patchawarra gas fairway and intersected 10.1m of net pay across a 19.2m gross section in the Patchawarra formation. The best drillstem test result flowed 8.6 mmcfd of gas along with a liquids content of 93 bbl/mmcf. The well has been cased and suspended as a future producer. In PPL 261 (ex-PEL 91), Beach Energy’s Pennington 5 appraisal well intersected 2.2m of net oil pay in the Namur Sandstone and 1.8m in the McKinlay Member as well as shows in the Birkhead. The well will be cased and suspended as a future producer.  (Source: Beach Energy announcement, 05/04/2017).

 

 

 Permit Changes                                                                

 

New South Wales

 

Gunnedah Basin

AJ Lucas Group Ltd had an agreement to acquire 80% of PEL 456 (conventional) and 68% of PEL 456 (coal seam gas).  In September 2015, AJ Lucas decided not to take up the interest.  Under a previous agreement, Kerogen had the option of acquiring the interest in full satisfaction of a loan by Kerogen to AJ Lucas Group.

Northern Territory

 

Browse Basin

A suspension and extension for AC/P52 was lodged on 22/03/2017.

 

Gazettal areas AC16-3 and AC16-4 closed on 23/03/2017 and are under consideration.

McArthur Basin

A representative of the McClendon Estate has confirmed that the estate will not continue with the farmout for the development of Empire Energy’s Northern Territory assets EP180 - EP183, EP184, EP187 and EP188 with AEGP Australia P/L, an affiliate of American Energy Partners. AEGP and Empire Energy terminated the farmout in early 2017.

Vulcan Sub Basin

A suspension and extension for AC/P57 was lodged on 14/03/2017.

 

Gazettal areas AC16-1 and AC16-2 closed on 23/03/2017 and are under consideration.

Queensland

 

Bowen Basin

ATP 688 has undergone a partial relinquishment and now covers a reduced area of 1927 sq km.  Mitsui E&P Australia has sold its 24.5% interest to Westside ATP 688P P/L.  Westside now holds 50% of the licence.

 

Stardrift's 1% ORR on ATP 654 is now held by subsidiary Qtaps Royalty P/L.

Cooper Basin

Icon Energy holds 100% of ATP 855 following the withdrawal of Beach Energy.

Eromanga Basin

ATP 636 is in the process of being renewed.

 

Victoria Oil Exploration (1977) P/L is operator of ATP 795 Regleigh and Springfield blocks.

 

Licence interests in ATP 1056 are as follows: Discovery Geo Corp 35%, Texas-Tickalara Holdings LP 17,826%, Texas-Tickalara Energy Partners LP 15.277%, Tamark P/L 11.723%, Foresight Australia P/L 10%, Matariki Petroleum Ltd 5.174% and Rockwall Oil LP 5%.

 

Native title has been completed on ATP 1195 and the licence is in the process of being granted.

 

PL 169 is being renewed as PL 1027.

 

PL 170 is being renewed as PL 1029.

Galilee Basin

ATP 668 has undergone a partial relinquishment and now covers a reduced area of 1337 sq km.

 

The Galilee farmout area has been amalgamated into ATP 1015 and covers 2197 sq km.  The licence is held by Comet Ridge Galilee P/L 100%.

Surat Basin

ATP 632 is in the process of being renewed.

 

ATP 647 has undergone a partial relinquishment and the BG Farmout Block has been entirely relinquished. ATP 647 FO covers a reduced area of 76.5 sq km.

 

PCA 160 is an application by QGC P/L 100% for a potential commercial area over 230 sq km.

 

Southernpec (Australia) P/L has acquired the following interests from Santos:

·         53.75% of PL 11 Waldegrave, PL 12 Waldegrave, PL 28 Waldegrave, PL 69, PL 89 and PL 320 Waldegrave

·         75% of PL 11 Snake Creek East

·         100% of PL 12 Oberina and PL 12 Trinidad

 

Joint venture participants in ATP 1188 are as follows:  QGC P/L 30.0781%, BG International Ltd 20.625%, Australia Pacific LNG 31.25%, CNOOC 17.1875% and Tokyo Gas 0.8594%.

 

PL 491 has had its application area varied.

 

PL 492 has had its application area varied.

South Australia

 

Arckaringa Basin

The year 2 work program for PEL 500 has been extended by 12 months from 01/04/2017 to 31/03/2018. The licence has had its expiry date extended to 11/04/2021.

Cooper Basin

The year 5 work program for PEL 182 has been extended by 6 months from 17/05/2017 to 16/11/2017. The licence has had its expiry date extended to 16/11/2017.

 

The year 2 work program for PEL 630 has been extended by 12 months from 09/09/2017 to 08/09/2018. The licence has had its expiry date extended to 07/09/2020.

 

The year 4 work program for PEL 94 has been extended by 12 months from 25/03/2017 to 24/03/2018. The licence has had its expiry date extended to 04/11/2019.

 

The year 4 work program for PEL 95 has been extended by 12 months from 11/03/2017 to 10/03/2018. The licence has had its expiry date extended to 29/10/2019.

 

Senex Energy, through its subsidiary Stuart Petroleum P/L, has acquired Bengal Energy’s 32.67% and 35% interest in PPL 215 and PRL 84 respectively.

 

Applications PRLA 221, PRLA 222 and PRLA 224 have been varied and now cover 86 sq km, 94 sq km and 96 sq km respectively.

Eromanga Basin

The year 3 work program for PEL 515 has been extended by 12 months from 26/03/2017 to 25/03/2018. The licence has had its expiry date extended to 05/05/2021.

Eucla Basin

The year 1 work program for sequestration licenses GSEL 584 - GSEL 587 have been extended by 12 months from 15/02/2017 to 14/02/2018. The licenses have had their expiry dates extended to 15/05/2022.

 

The year 1 work program for PEL 143 has been extended by 12 months from 16/02/2017 to 15/02/2018. The licence has had its expiry date extended to 15/05/2022.

Officer Basin

The year 5 work program for PEL 499 has been extended by 12 months from 15/02/2017 to 14/02/2018. The licence has had its expiry date extended to 12/01/2019.

Otway Basin

Work program area OT2017-A is open for bidding. Bids close on 29/09/2017.

Victoria

 

Gippsland Basin

Correct interests in the Trifon Block of PRL2 are Petro Tech P/L 57.5% and Jarden Corporation Australia P/L 42.5%.

Otway Basin

Toyota Tsusho Gas E&P Otway Ltd has withdrawn from VIC/P43.  Interests are now Origin Energy Resources Ltd 70.77% and Benaris International P/L 29.23%.

 

PEP 151 has had its expiry date extended to15/05/2018.

Western Australia

 

Barrow Sub Basin

Gazettal area W16-23 closed on 23/03/2017 and is under consideration.

Bonaparte Basin

Gazettal area W16-2 closed on 23/03/2017 and is under consideration.

 

Retention lease applications over the Ascalon Location WA-407-P LA and the Ascalon Extension Location WA-420-P LA have been refused by NOPTA because it had taken the view that the remote field is unlikely to become viable within the next 15 years. Octanex is seeking to clarify the decision with the JA.

Browse Basin

TP/28 was granted to ConocoPhillips (Browse Basin) P/L 40%, Origin Energy Browse P/L 40% and PetroChina International Investment (Australia) P/L 20% on 18/01/2017. The licence will expire on 17/01/2022. Work program is as follows -

Years 1-3: technical and economic feasibility studies $0.15m

Year 4: gas marketing and economic studies $0.05m
Year 5: greenhouse gas management studies $0.05m

 

Gazettal areas W16-3 - W16-5 closed on 23/03/2017 and are under consideration.

 

A retention lease application has been lodged over the Burnside Location WA-281-P LB.

 

A variation for WA-424-P was lodged with NOPTA on 31/03/2017.

 

Suspensions and extensions for WA-471-P and WA-485-P were lodged on 31/03/2017.

 

A change to the work program for WA-502-P has been approved -

Year 4: G&G studies $0.3m
Year 5: well planning $0.3m
Year 6: 1 well $80m

Canning Basin

Oil Basins has withdrawn from EP 487. Rey Derby Block P/L has agreed to acquire Oil Basins' 50% ownership of EP 487 in consideration for Rey agreeing to waive outstanding claims of approximately $577,000 cash calls on Oil Basins in connection with past expenses. In addition, Rey will waive outstanding claims of $32,000 for legal fees. The transaction is expected to be completed in April, subject to satisfaction of regulatory approvals.

 

Gazettal areas L14-3 - L14-6, L16-1 and L16-2 received no bids. The areas have reverted to vacant acreage.

 

SPA 20 AO was relinquished on 17/03/2017. The area reverts to vacant acreage.

 

Application STP-EPA-0048 has been withdrawn. The area reverts to vacant acreage.

 

Gazettal area W16-6 closed 23/03/2017 and is under consideration.

Carnarvon Basin

Suspensions and extensions for EP 490 and EP 491 were lodged on 13/03/2017.

 

A suspension and extension for TP/27 was lodged on 13/03/2017.

 

Gazettal areas W16-10 - W16-21, W16-24 and W16-9 closed on 23/03/2017 and are under consideration.

 

WA-35-R has been renewed to 16/04/2022. Work program is as follows -

Year 1: interpretation of Fortuna 3D marine seismic survey $0.1m
Year 2: identify and quantify any further exploration potential $0.1m
Year 3: mature the technical assessment of Lambert West $0.1m
Year 4: progress engineering and subsurface studies $0.1m
Year 5: progress commercial negotiations $0.1m

 

WA-390-P has been renewed to 08/03/2022 over a reduced area of 806 sq km. Work program is as follows -

Years 1-3: 804 sq km broadband reprocessing, G&G studies $2.5m
Year 4: G&G studies $0.5m
Year 5: G&G studies $0.5m

 

WA-473-P, WA-489-P, WA-490-P and WA-491-P are being relinquished.

 

A change to the work program for WA-498-P has been approved -

Year 4: G&G studies $0.1m

Dampier Basin

WA-209-P has been renewed to 15/03/2022. Work program is as follows -

Years 1-3: lead and prospect focused migration scenario modelling, geophysical studies, geotechnical studies $1.1m
Year 4: geotechnical studies $0.35m
Year 5: 1 well $25m

 

WA-448-P was relinquished on 14/03/2017.

 

A suspension and extension for WA-503-P was lodged on 10/03/2017.

Officer Basin

Gazettal areas L16-3 - L16-10 received no bids. The areas have reverted to vacant acreage.

Perth Basin

EP 440 is being relinquished.

 

The year 4 work program for TP/15 has been suspended by 24 months from 23/05/2016 to 23/05/2018 and the year 5 work program has been suspended by 12 months from 23/05/2017 to 23/05/2018. The licence has had its expiry date extended to 23/05/2018.

 

Triangle Energy (Global) Ltd has jointly (50/50) executed a share purchase agreement in partnership with Royal Energy P/L to acquire the 42.5% balance of the Cliff Head oil field WA-31-L from Roc Oil Company Ltd. On completion, Triangle will hold 78.75%. Consideration is US$3.75m and a deposit of US$0.2m has been paid by the partners. Settlement of the acquisition is expected to occur on or before 31/05/2017. Tamarind Classic Resources Ltd will be appointed as operator on behalf of the partners on completion of the transaction.

Petrel Sub Basin

Gazettal area W16-1 closed 23/03/2017 and is under consideration.

Roebuck Basin

W16-8 was granted as WA-527-P to 3D Oil Ltd 100% on 29/03/2017. The licence will expire on 28/03/2023. Work program is as follows -

Years 1-3: G&G studies, 510 sq km 3D seismic $3.86m
Year 4: G&G studies, well planning $0.3m
Year 5: 1 well $30m
Year 6: G&G studies $0.5m

JPDA

 

Timor Gap

The correct expiry date for JPDA 06-105 is 15/12/2019.

New Zealand

 

 

The New Zealand Government has opened the Block Offer 2017 tender for petroleum exploration permits. The tender includes five offshore release areas 17NRN-R1, 17TAR-R1, 17PEC-R1, 17PEC-R2 and 17GSC-R1, two onshore release areas 17TAR-R2 and 17SLD-R1, and one offshore/onshore release area 17TAR-R3. The Invitation for Bids for Block Offer 2017 closes on 06/09/2017. New Zealand Petroleum & Minerals expects to grant permits in December 2017. (Source: NZP&M announcement, 22/03/2017).

Taranaki Basin

An extension of duration for PEP 54877 was lodged on 02/12/2016.

 

PEP 55793 is being relinquished.

 

Todd Energy has agreed to buy out partner Shell in the Kapuni Joint Venture PML 38839 in return for Shell gaining 100% control of Shell Todd Oil Services. The sales and purchase agreement is subject to regulatory approvals and is not expected to be finalised for several months.

 

PMP 38159 is being renewed.

Papua New Guinea

 

Papuan Basin

Southern Highlands Petroleum Ltd is in the process of selling its 40.149% interest in PDL 3 and its 18.79% interest in the SE Gobe Unit. The purchaser has yet to be named.

 

APPL 547 is an application by ExxonMobil PNG Canary Ltd 50% and Oil Search (PNG) Ltd 50%.

 

APPL 570 is an application by Esso PNG Robin Ltd 100%.

 

APPL 575 is in the process of being withdrawn and replaced with APPL 603 over a different area.

 

Oil Search's 100% interest in APPL 582 is held by Oil Search (PNG) Ltd.

 

APPL 589 is an application by Total E&P PNG 2 BV 100%.

 

APPL 600 is an application by Esso PNG Robin Ltd 100%.

 

PPL 244 has expired. The licence is being replaced by APPL 582 over a larger area.

 

PPL 260 has expired. The licence is being replaced by APPL 545. Nippon Oil Exploration (Niugini) P/L is not participating in APPL 545.  Interests are Esso PNG Exploration Ltd 50% and Oil Search (PNG) Ltd 50%.

 

The extension of PPL 269 has been refused. The licence is being replaced with an APPL (details yet to come).

 

PPL 277 has expired. The licence is being replaced by APPL 575.

 

Total will acquire 35% of PPL 339 from Oil Search after the spud of Kalangar 1.  The well spud date has been delayed until PPL 339 has been renewed. Total's interest will be held by Total E&P PNG 2 BV.

 

Interests in PPL 372 and PPL 373 are Ketu Petroleum Ltd (Horizon) 90% and Jurassic International Holdings Ltd 10%.

 

PPL 374 and PPL 375 are in the process of being renewed.

 

PPL 401 has been relinquished.

 

ExxonMobil’s interest in PPL 507 is held by Esso PNG Finch Ltd.

 

PPL 560 was granted to Dondonald Ltd 100% in October 2016. The licence will expire in October 2022.  Specific grant and expiry dates are yet to be confirmed.

 

PPL 569 was granted to ExxonMobil PNG Oriole Ltd 100% on 30/11/2016.  The licence will expire on 29/11/2022.

 

A correction has been made to the area covered by PPL 574 (see GPinfo for details).

 

PPL 579 was granted to Larus Energy (PNG) Ltd 100% on 03/03/2017.  The licence will expire on 02/02/2023.

 

A 3 year extension was granted to PRL 13 in June 2014.  Final expiry date is yet to be confirmed.

 

Murray Petroleum Co Ltd has sold its 26.497% interest in PRL 14 to Kumul subsidiary NPCP Oil Co P/L.  NPCP Oil Co P/L now holds 37.444%.  The licence is in the process of being renewed.

 

SPI's beneficial interest in PRL 15 is held by SPI (208) 34.984% and SPI Security Holdings Ltd 1.553%.

 

Interests in PRL 28 following the withdrawal of Mitsubishi are as follows: Eaglewood Energy (BVI) (Horizon) 50%, Talisman Energy Niugini (Repsol) 37.5% and P3 Global Energy Co 12.5%.

 

Beneficial interests in the Bobcat field PRL 39 are as follows: SPI (220) Ltd 65.082%, Interoil Partners Ltd 0.626%, Pacific Rubiales (withdrawal yet to be finalised) 12.903%, Indirect Participating Interests 14.639% and PNG Drilling Ventures Ltd 6.75%.  PNG Government and Landowners have 20.5% and 2% back-in rights respectively.

 

Beneficial interests in the Triceratops field PRL 39 are as follows:  SPI (220) Ltd 68.434%, Interoil Partners Ltd 0.659%, Pacific Rubiales (withdrawal yet to be finalised) 12.903%, Indirect Participating Interests 12.452% and PNG Drilling Ventures Ltd 5.552%.  PNG Government and Landowners have 20.5% and 2% back-in rights respectively.

Timor-Leste

 

Timor-Leste Basin

The correct expiry date for S-06-04 is 28/03/2018.

 

                                                                                                                                  

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