The August 2011 data update is now available ...
Software Patch - GPinfo 5.6
The August update includes a new version of the GPinfo program. GPinfo 5.6 will be automatically installed along with the monthly data update and it provides the following features ...
Origin Energy advises that the Subscription Agreement facilitating the acquisition by Sinopec of a 15% ownership interest in Australia Pacific LNG P/L was completed today ...
Permit Updates and Changes
The closing date for applications for Greenhouse Gas assessment permits is as follows - GIPP-01, GIPP-02 and GIPP-03 – closing 30/09/2011 ...
The August update includes a new version of the GPinfo program. GPinfo 5.6 will be automatically installed along with the monthly data update and it provides the following features -
Shape File Export
The Shape File Export suite now includes a .PRJ file which explicitly identifies the projection and co-ordinate system of the exported data.
In addition, date fields are now exported as type Date rather than Character which was previously the case.
NZTM2000 has been added to the list of projections available on export. In addition, several existing projections have been modified from AGD66 to GDA94. The current list of available projections is as follows –
In addition, GPinfo now maintains a record of your most recently used export format and makes this the default setting for your next data export operation.
In areas where applications which are pending overlap existing exploration permits, smaller areas are often obscured either partially or completely by larger areas so that the representation of this in the Map Window can be misleading if taken at face value.
To help clarify what is a confusing situation, a switch has been added to GPinfo which provides the option to Draw all outlines for overlapping polygons within a layer.
The switch is accessible from View > Options > General and is switched On by default.
Compare the two images below of ATP 1025P in the Bowen Basin. On the left, the new switch is Off so that only the exploration permit outline is visible. On the right, the new switch is On so that the many production licence application outlines are exposed.
It is now possible to alter the colour of individual theme members without changing the colour array of the whole theme. This is useful if you want to make a particular category of permit stand out in a bold colour. Click on the colour box next to the theme member and select an alternative colour.
The asset sale deed between Magellan Petroleum Corporation and Santos Ltd will be terminated with the companies agreeing that $10 million of the amount deposited in connection with the Evans Shoal transaction should be returned to Magellan. Santos announced in 2010 that they were to sell their entire working interest in NT/P 48 to Magellan Petroleum Australia Ltd. Magellan was to pay Santos $100 million in cash over several stages. Furthermore, Magellan was to pay Santos an additional $50 million on any final investment decision to develop Evans Shoal and $50 million upon first gas production from NT/P 48. However, they struggled to come up with the funds to complete the purchase resulting in Santos keeping their 40% interest in the permit and remaining as permit operator. (Source: Magellan Petroleum announcement 25/07/2011, Energy News Premium 26/07/2011).
Beach Energy Ltd is pleased to announce a strategic alliance with Adelaide Energy Ltd over the two companies’ interests in PEL 218 and ATP 855P in the Nappamerri Trough in the Cooper Basin. Beach will subscribe for 14 million shares in Adelaide Energy at 16.5 cents, raising about $2.3 million. Beach has also agreed to subscribe for a further 59.5 million shares in Adelaide Energy for a total of $9.8175 million, subject to ADE share holder approval. Upon approval from Adelaide Energy, Beach will own 19.95% of Adelaide Energy’s issued share capital. (Source: Beach Energy Ltd announcement 15/08/2011, Adelaide Energy Ltd announcement 15/08/2011).
Following their successful shale gas evaluation, Beach Energy Ltd has booked initial contingent resources of 2 trillion cubic feet of gas for its PEL 218 shale gas exploration program in the Cooper Basin, South Australia. This resource booking equates to in excess of 330 million barrels of oil. The resource has been constrained to a 100 sq km area around Holdfast 1 and Encounter 1 within the permit, covering approximately 1,600 sq km. Beach plans to drill two pilot production wells in 2012 to test the flow rates of the target zones. (Source: Beach Energy Ltd announcement 10/08/2011, Energy News Premium 10/08/2011).
Drillsearch Energy Ltd has formed a joint venture with QGC to explore and develop unconventional shale and tight gas resources in the Cooper Basin. Under the agreement, QGC will acquire a 60% interest in ATP 940P and have committed to a five year $130 million exploration and pilot production appraisal program to be carried out over three stages. QGC will fund $90 million of the first $100 million spent, thereafter QGC and Drillsearch will fund the program 60-40. QGC offered to buy Drillsearch’s 40% share of gas production from ATP 940P, furthermore, Drillsearch will be entitled to supply additional gas up to a further 10% of the ATP 940P joint venture gas production. QGC will have the right to withdraw from the joint venture on completion of the first or second stage of the work program, leaving Drillsearch with 100% interest in ATP 940P. (Source: Drillsearch announcement 27/07/2011).
WestSide Corporation Ltd has exited their joint venture with Indonesian coal miner PT Bumi Resources Tbk. The termination of the agreement will allow Westside to focus exclusively on its Meridian SeamGas, Bowen Basin and Galilee Basin projects in Queensland. Furthermore, WestSide will secure ownership of the Schramm TXD 180 drill rig in settlement to manage operating costs and optimise its drilling program. PT Bumi Resources Tbk is a foundation shareholder in WestSide and will retain 22,289,885 shares or 8.8 per cent. (Source: WestSide announcement 04/08/2011).
Green Rock Energy Ltd and Pacific Hydro P/L have signed a binding agreement to develop power projects based on geothermal permits held by the companies in the North Perth Basin and the Great Artesian Basin. Under the agreement, the companies will develop an Information Memorandum directed at potential upstream farm-in partners to fund the drilling of the wells required to prove up a geothermal resource. If the farm-in partner selects a project in the North Perth Basin or Green Rock’s licenses in the Great Artesian Basin or a project in Pacific Hydro’s licenses in the Great Artesian Basin, Pacific Hydro will have the right to pay $100,000 for a 5% free carried interest in the project up to financial close of a power project. Furthermore, Pacific Hydro will have the right to at least 51% interest in each power project company with the buy-out of Green Rock and the farm-in partners’ interests set accordingly to a valuation formula to be agreed in the initial joint venture agreement. Drilling is expected to begin in one or both basins in 2012. (Source: Green Rock Energy announcement 04/08/2011, Energy News Premium 04/08/2011).
Origin Energy Ltd and partner ConocoPhillips have announced a final investment decision has been approved on the first phase of the two train Australia Pacific Liquefied Natural Gas project (APLNG) in Queensland. The $US14 billion first phase of the project is due to commence in 2015 and will initiate the development of the first LNG train and infrastructure to support a second train. The two train project will have a capacity of 9MMtpa and is estimated to cost up to $US20 billion. As part of the agreement, Sinopec will pay $US1.5 billion for a 15% equity interest in the Australia Pacific LNG Joint venture, reducing Conoco and Origin’s ownership interest to 42.5%. The joint venture is now unconditional and is expected to be completed soon. (Source: Origin Energy announcement 28/07/2011, Energy News Premium 28/07/2011).
GE Oil and Gas has entered into a contract with Bechtel International for the supply of compression technology for two customised liquefied natural gas refrigeration trains for the Wheatstone LNG Project. Under the agreement, 16 LM6000 mechanical drive aeroderivative gas turbines will be supplied, 12 for the mechanical drive and four to drive generators. Final investment decision on the Wheatstone LNG project is expected in the second half of 2011. (Source: Energy News Premium 26/07/2011).
Chevron Australia has signed a binding sales and purchase agreement with Tokyo Electric Power Co. (TEPCO) for the purchase of up to 3.1 million tonnes per year of LNG over a 20 year period from Chevron’s Wheatstone development in Carnarvon Basin offshore Western Australia. Chevron is also in discussions with TEPCO to purchase an equity share in the Wheatstone fields as well as a percentage of Chevron’s stake in the Wheatstone downstream processing facilities. (Source: Energy News Premium 27/07/2011).
Texas-based company McLaren Software has secured a $A1.3 million engineering document management and control contract for Chevron’s Gorgon project. Under the contract McLaren will supply Enterprise Engineer software and services to manage and control engineering and supplier documentation and processes for the Gorgon project. (Source: Energy News Premium 03/08/2011).
Apache Energy have completed repairs on the Ningaloo Vision floating production, storage and offtake vessel bringing their Van Gogh Oil field at the North West Shelf back into production. Apache is hoping to get production at Van Gogh to a consistent rate of 30,000bpd with fewer mechanical problems before sending the Ningaloo Vision to the dry dock. (Source: Energy News Premium 05/08/2011).
Shell have announced they plan to stop refining operations at the Clyde refinery, Australia’s longest operating oil refinery, and convert it and the Gore Bay Terminal into a fuel import facility. Shell recognised the 79,000 barrels per day produced at the refinery is no longer regionally competitive against Asian mega-refineries. The process to convert the Clyde refinery and Gore Bay into terminal operations is scheduled for mid 2013 and will cover four stages including design of new facilities, transition from refining to terminal operations, works to improve efficiency and operability of the terminal and preparation for future development of up to 40 hectares of surplus land. (Source: Energy News Premium 27/07/2011, Shell announcement 27/07/2011).
Inpex Corp has revealed plans to sell stakes in its Ichthys LNG Project off north western Australia to liquefied natural gas buyers. Inpex have confirmed that negotiations have commenced and have so far received strong interest for stakes in Ichthys. Inpex has also been in discussion to sign five new LNG supply contracts by late August. Inpex currently holds 76% interest in the project, with the rest held by Total. (Source: Energy News Premium 04/08/2011, OilVoice 04/08/2011).
In further Ichthys LNG news, Clough and Doris Engineering have won a $250 million contract for the project as it moves closer to a final investment decision later this year. The Clough and Doris joint venture will provide offshore integrated project management support services for the project. The contract is subject to partners Inpex and Total reaching a FID on the project. (Source: Energy News Premium 09/08/2011).
The Bonaparte LNG joint venture is moving ahead with plans to develop the Bonaparte Floating LNG Project with the recent spudding of appraisal well Petrel 7. The well is located within the Petrel gas field in NT/RL 1 of the Bonaparte Basin and is an important part of the project. The results of the well will help in the design and development phase of the project. (Source: Energy News Premium 03/08/2011).
InterOil Corp has signed a Heads of Agreement with Noble Clean Fuels to supply 1 million tonnes of liquefied natural gas per year from its Gulf LNG Project in Papua New Guinea. The project will be supplied with gas from Papua New Guinea onshore Elk and Antelope fields, with the agreement specifying a 10 year supply contract starting in 2014. (Source: Energy News Premium 03/08/2011, Oil and Gas Journal 05/08/2011).
Metgasco Ltd is pleased to announce that gas production from the Harrier P01 CSG pilot well, located in the Clarence-Moreton Basin NSW, is flowing at a rate of 230,000 cubic feet per day, which exceeds reservoir model predictions. Metgasco expects production rates to increase significantly once the well is fully dewatered and bottom hole pressure is reduced. Metgasco managing director Peter Henderson advises the results are very encouraging and the Harrier wells are a significant step forward in well technology. Gas production rates can be expected to improve as the Company gains experience with the technical characteristics of the gas resource and optimised drilling and production practices. (Source: Metgasco announcement 26/07/2011, Energy News Premium 26/07/2011).
Beach Energy Ltd and partner Drillsearch have announced that the Bauer 1 exploration well located in the Cooper Basin South Australia has encountered a gross oil column of 15m, with 13m of net pay, in the McKinlay/Namur Sandstone section of the well. Preliminary assessments indicate Reserves of up to 2 million barrels of gross recoverable oil. Bauer 1 is the fourth successful well to be drilled in the five well PEL 91 campaign and is expected to be online in the fourth quarter. (Source: Beach Energy announcement 01/08/2011, Drillsearch Energy announcement 01/08/2011).
Beach Energy Ltd and partner Cooper Energy Ltd have more to celebrate after the Rincon 1 exploration well located in the Cooper Basin South Australia encountered a gross oil column of 5m, with 4.5m net pay in the McKinlay/Namur Sandstone section of the well. Preliminary assessments indicate up to 500,000 barrels of gross recoverable oil. (Source: Beach Energy announcement 01/08/2011).
Initial analysis at Buru Energy’s Valhalla 2 well in the Canning Basin has indicated several trillion cubic feet of gas and over 50 million barrels of condensate and natural gas could potentially be present in the greater Valhalla area. A forward program to further appraise the Valhalla accumulation and nearby prospects will be developed for consideration in 2012. (Source Energy News Premium 29/07/2011).
A new oil field discovery has been made by Beach Energy and Cooper Energy at their Elliston 1 exploration well in the Cooper Basin, South Australia. Wireline logs have confirmed a 3 metre net oil column has been discovered in the Namur Sandstone section of the well. Preliminary assessments indicate a discovery of around 100,000 barrels of recoverable oil. (Source: Beach Energy announcement 15/08/2011, Cooper Energy announcement 15/08/2011).
Greenhouse Gas Gazettals
New South Wales
If you no longer wish to receive the GPinfo Update newsletter, please reply to this email and change the title to Unsubscribe.
For more information
For help with GPinfo please contact GPinfo support on +61.2.9437.6255 or by e-mail to firstname.lastname@example.org.
© 2011 Pitney Bowes Business Insight