The August 2013 GPinfo update is now available.
Origin Energy has started producing from the Geographe gas field at the
Otway Gas Project in the Bass Strait following commissioning and
testing. The Otway Gas Project consists of two offshore gas fields,
Geographe and Thylacine, and an onshore gas processing facility near
Port Campbell in south-west Victoria. Development of the Geographe field
started in October 2011. (Source: Origin Energy announcement,
has completed its assessment of the Beehive prospective resource
estimates in WA-488-P. The company found a mean prospective resource in
the upper objective of 1,009 mmbbls and a mean prospective resource of
575 mmbbls in the lower objective. MEO is now looking for potential farm
in participants. (Source: MEO Australia announcement, 15/07/2013).
and Orica Australia have entered a binding term sheet for the
supply of up to 150 PJ of gas from PEL 96 over 20 years, which will
involve Orica providing $52.5 million of gas pre-payments. Strike said
that the deal would effectively provide the underpinning it needs to
develop the resource at PEL 96, which Strike said had a prospective
resource of 2.7 tcf to 6.3 tcf. (Source: Strike Energy announcement,
has completed the transaction with Green Rock Energy for the
acquisition of 100% equity of Green Rock Canning Basin P/L.
Consequently Oil Basins group now holds ownership of 100% beneficial
rights to the Backreef Area, and Green Rock Canning Basin P/L is to be
renamed Backreef Energy P/L. (Source: Oil Basins
has received approval to amend conditions of the five Commonwealth
Browse retention leases WA-28-R, WA-29-R, WA-30-R, WA-31-R and WA-32-R.
The variations to the retention lease conditions allow the Browse Joint
Venture participants to progress the selection of an alternative
development concept and commence related design and engineering work.
The Joint Venture has also applied for the same amendments to State
Browse leases TR/5 and R 2 and is awaiting a decision. (Source:
Woodside announcement, 02/08/2013).
The Northern Territory Government has withdrawn from its
proposed deal to supply gas to Rio Tinto's Gove alumina
refinery. Earlier this year, the Government offered 300 PJ of gas over
10 years from its domestic supply source to save the refinery, operated
by Rio subsidiary Pacific Aluminium. Key to the deal was the
financial underwriting of the pipeline from Katherine to Gove, with the
gas from the deal coming from existing supply with the replacement of
that supply to come from Eniís Blacktip field. However, the NT
government has been frustrated by a lack of progress on the pipeline
underwriting deal and is now proposing to supply Gove with 195 PJ of gas
over 15 years, so the refinery can keep the facility operating on both
diesel and gas. (Source: Energy News Premium, 29/07/2013, Energy News
has secured more than $100 million funding to develop the Ungani Oil
field as well as carry out further exploration and appraisal work on the
Laurel wet gas project in the Canning Basin.
The program will be funded by a combination of equity, senior debt and
support from Buruís partners.
The Ungani development will involve the workover of the Ungani 1 and 2
wells. This will be followed by drilling of the Ungani 3 appraisal well
followed by horizontal production and water injector wells. Buru will
also carry out a $54 million appraisal of the Laurel Wet Gas
accumulation including stimulation and flow testing of up to five wells
in the Yulleroo and Valhalla regions. Buru has also secured the Huisman
LOC 400 drilling rig to support the work program. (Source: Buru
Energy announcement, 08/08/2013).
Origin Energy has provided an update on reserves and progress at the
Australia Pacific LNG Project advising that the upstream and
downstream portions of the project are now 45% complete.
Releasing its quarterly production figures to the market, Origin said
the APLNG joint venture now had 2P reserves of 13,382 PJ equivalent, and
3P reserves of 16,155 PJ.
The $24.7 billion APLNG project is being built on Curtis Island off
Queensland and will see the construction of two trains with a total
capacity of 9 mtpa of liquefied natural gas per annum,
this equates to about 27 years at the projectís current configuration.
(Source: Energy News Premium, 31/07/2013, Origin Energy announcement,
Empire Oil and Gas is pleased to announce that the Condensate Supply
and Purchase Agreement for the Red Gully Gas and Condensate
Processing Facility has been entered into between Empire Oil Company
(WA), ERM Gas, BP Australia and BP Refinery (Kwinana). The agreement
allows for condensate to be delivered each day from the Red Gully
Facility into the BP Kwinana Refinery. (Source: Empire Oil &Gas
Senex Energy has achieved drilling success at its Worrior 8
development well within the Worrior oil field in the Cooper Basin.
Initial interpretation of electric logs reveal up to 18 metres of net
oil pay across multiple formations. Gas was also detected in the bottom
zone of the well within the Patchawarra Formation. (Source: Senex
Energy announcement, 16/07/2013).
Santos has announced a gas discovery at the Winchester 1/ST 1
exploration well in WA-323-P, located in the Carnarvon Basin offshore
Western Australia. Wireline logging and pressure testing has confirmed
40 metres of net gas pay in the Jurassic Angel and Triassic Mungaroo
formations between 3,614 and 3,721 metres. Preparations are underway to
deepen Winchester 1/ST1 to evaluate the gas-bearing potential of further
objectives within the Mungaroo section. (Source: Santos announcement,
In PEL 91, Beach Energy and Drillsearch Energy drilled Bauer 11
to further develop the Bauer oil field and provide additional structural
control in the north of the field. The well intersected a 10 metre gross
column including 6 metres in the Namur sandstone. The well has been
cased and suspended as a future oil producer. (Source: Beach Energy
Permit Updates and Changes
New South Wales
In the Surat Basin, Ison Energy P/L 100% has applied for special
prospecting authority PSPAPP 62 over 2,741 sq km.
In the New England Fold Belt, the application for PELA 133
was withdrawn on 17/07/2013.
In the Murray Basin, PELA 145 was refused on 02/07/2013 as
the application is wholly within the Oaklands Moratorium area.
In the Surat Basin, Ceemac P/L 100% has applied for PELA 149
over 10,116 sq km.
Northern TerritoryIn the Amadeus
Basin, the agreement with Oil & Gas Exploration to farm-in to the Mt Kitty block EP 125 MK and the Magee
block EP 82 M has been terminated. As a result the
blocks no longer exist and revert
back to being part of EP 125 and EP 82 respectively.
Furthermore, Santos' agreement with Central Petroleum is to farm-in to
the whole of EP 82 and EP 125.
On the Ashmore Platform, gazettal AC 11-1 has been granted as
AC/P 56 to Finder No 12 P/L on 11/07/2013. The licence will expire
on 10/07/2019. Work program is as follows -
license 120 sq km existing multi-client 3D seismic, G&G studies $0.28m
Year 2: G&G studies $0.55m
Year 3: G&G studies $0.1m
Year 4: G&G studies $0.1m
Year 5: G&G studies $0.1m
Year 6: G&G studies, 1 well $17.1m
In the Georgina Basin, the amended farm-in agreement between
PetroFrontier Corp and Statoil Australia Theta BV in relation to permits
EP 104, EP 127, EP 128, EP(A) 213 and
EP(A) 252 received FIRB and TSX Venture Exchange approval on
In the Amadeus and Pedirka Basins, Central Petroleum has completed the
farm-out transaction with Santos and has transferred a 25% interest in
EP 105, EP 106, EP 107, EP 112, EP 82,
EP(A) 147, RL 3, RL 4, a 40% interest in EP
115 NM, EP 93 and a 70% interest in EP 125 to Santos
In the Ngalia Basin, EP 165 and EP 309 have been granted
to Tamboran Resources P/L 100% on 15/07/2013. The licenses will expire
In the Wiso Basin, Blue Energy has entered into an agreement with
Australian Oil and Gas to farm-in for 50% and operatorship of EP 200,
EP 205, EP 207, EP(A) 199, EP(A) 206,
EP(A) 208, EP(A) 209, EP(A) 210 and EP(A) 211.
Under the terms of the farm-in, Blue will make an upfront cash payment
to cover AOG's costs and will acquire additional interest over 3 stages
of the project.
In the Petrel Sub Basin, RL 1 has been renewed to 08/07/2018.
In the Surat Basin, ATP 336P has been renewed to 30/09/2015.
In the Bowen Basin, ATP 337P has been renewed to 30/09/2015.
In the Surat Basin, CNOOC will acquire an additional 20% from BG in the
Surat Basin licences in which they already hold an interest. In
addition, they will acquire an interest in some additional licences
which are still being finalised. The deal is likely to be completed in
the second half of 2013.
In the Bowen Basin, Eureka Petroleum is seeking to farmout its interests
in ATP 817P, ATP 818P and ATP 819P.
In the Surat/Bowen Basin, ATP 837P will be relinquished once the
P&A operations on Hoadleys 1 are complete.
Bridgeport will acquire the following interests from Arrow Energy -
- 100% from Seqoil in ATP 608P
- 94.625% from Seqoil and 5.375 from private interests in
ATP 608P Rookwood
- 9% from Bow Energy and 6% from Ocellaris Oil in ATP 752P
Barta and PL 303
- 10.5% from Bow Energy and 7% from Ocellaris Oil in ATP
- 40% from Seqoil and 25% from Bow in ATP 794P Barcoo
- 88% from Seqoil in ATP 794P Barcoo Junction
- 10% from Seqoil in ATP 794P Brightspot
- 16% from Seqoil in ATP794P Regleigh
- 40% from Seqoil in ATP 794P Remainder
- 16% from Seqoil in ATP 794P Springfield
- 100% from Bow Energy in ATP 805P
- 100% from Bow Energy in ATP 944P
- 25% from Bow Energy in PL 15FO
In addition, Bridgeport will acquire the following interests after
grant of the permits -
- 100% from Arrow Energy in ATP 714P
- 20% from Ocellaris Oil in ATP 736P, ATP 737P
and ATP 738P
- 100% from Bow Energy in ATP 948P
In the Eromanga Basin, Bengal and Santos will pre-empt the sale of
Senex's interest in
ATP 752P and PL 303. Bengal and Santos and will
acquire an additional 9.6429% and 5.3571% respectively of ATP 752P
Barta and PL 303 and additional 9.4231% and 8.0769%
respectively of ATP 752P Wompi. The transfers are subject to
In the Surat Basin, Arrow Energy has applied for production licences
PL 491 (231 sq km) and PL 492 (231 sq km) over the Yeronga
and Alderley fields.
In the Cooper Basin, the Burruna block PEL 115 B and the Fury
block PEL 115 F are excluded from the agreement over PEL 115 with
Orca. The participants for the Burruna and Fury blocks are Victoria Oil
Exploration (1977) P/L 55%, Stuart Petroleum P/L 25% and Komodo Energy
In the Cooper Basin, Planet Gas has received regulatory and government
approval to transfer a share of its interest in PEL 514 N and
PEL 514 S to Senex Energy.
In the Eromanga Basin, Ambassador Oil & Gas has entered an agreement to
farm-out 70% of its interest in PEL 570 to Outback Energy Hunter
P/L. Outback Energy Hunter will pay all costs, including funding
Ambassador's remaining 30%, associated with the exploration work program
up to a maximum of $50 million. The farm-out will be conditional on
Outback Energy subscribing for shares in Ambassador at a price of 25c
In the Cooper Basin, Beach Energy Ltd has applied for PPLA 248
over the Rincon field, PPLA 249 over the Elliston field and
PPLA 250 over the Windmill field.
In the Otway Basin, GEL 223 has undergone a partial
relinquishment and now covers 330 sq km.
In the Otway Basin, GEL 611 has been extended and now covers
Onshore Tasmania, SEL 58/2008 was relinquished on 04/07/2013.
Onshore Tasmania, SEL 9/2009 is in the process of being
Offshore in the Gippsland Basin, Bass Strait Oil Co has executed farm-in
agreements with Cooper Energy whereby Cooper will fund Bass Strait Oil's
share of reprocessing and merging of multiple 3D datasets and selected
QI/AVO analyses in consideration for being assigned 25.8% of VIC/P 41.
In VIC/P 68, Cooper Energy will undertake, at its sole
cost, reprocessing and merging of multiple 3D seismic datasets and will
conduct selected QI/AVO analyses, including 255 sq km within VIC/P 68
for an option to acquire 50% at no further cost prior to 18/04/2014.
The deals are subject to waiver of pre-emptive rights.
In addition, Years 2 and 3 of the work program for VIC/P 41 have
been varied and are now as follows -
Year 2: 430 sq km 3D seismic reprocessing, fault seal and QI
Year 3: G&G studies $0.2m
Also in the Gippsland Basin, the VIC/P 47 joint venture has
applied for a Location over Moby. A decision by NOPTA is pending. An
application for a Location over Judith was not approved by NOPTA.
Onshore in the Otway Basin, operatorship for PRL 2 has reverted
to Petro Tech P/L (Lakes Oil).
In the Otway Basin, GEP 6 and GEP 8 are in the process of
being renewed over a reduced area.
In the Canning Basin, L 12-15 is under application as
STP-EPA-92 by New Standard Energy.
In the Carnarvon Basin, the area of WA-28-P has been reduced and
now covers 405 sq km. WA-28-P is also being renewed.
In the Carnarvon Basin, MEO and Cue have agreed to market their
respective interests in WA-360-P and WA-361-P jointly to
potential new entrants.
In the Browse Basin, WA-371-P has been renewed over a reduced
area of 334 sq km. The licence will expire on 18/07/2018. Work program is
as follows -
3D seismic reprocessing, geotechnical studies $1.425m
Year 2: geotechnical studies $0.775m
Year 3: geotechnical studies $0.7m
Year 4: geotechnical studies $0.7m
Year 5: 1 well $30m
In the Carnarvon Basin, the year 6 work program for WA-384-P has
been extended by 6 months from 20/08/2013 to 20/02/2014. The licence has
had its expiry date extended to 20/02/2014.
In the Carnarvon Basin, the year 6 work program for WA-390-P has
been extended by 12 months from 05/08/2013 to 05/08/2014. The
licence has had its expiry date extended to 05/08/2014. The Equus location WA-390-P L has had its expiry date
extended to 30/11/2013.
In the Bonaparte Basin, the year 6 work program for WA-402-P is
now - 1490 sq km 3D seismic $12.1m.
In the Carnarvon Basin, the year 6 work program for WA-412-P is
now - geochemical analysis, seismic inversion, PSTM seismic, G&G studies
In the Browse Basin, WA-423-P was relinquished on 05/08/2013.
In the Browse Basin, the year 2 work program for WA-424-P has
been extended by 12 months from 12/07/2013 to 12/07/2014. The licence
has had its expiry date extended to 12/07/2017.
In the Carnarvon Basin, Sasol has withdrawn from WA-433-P.
Interests are now Woodside Energy Ltd 69.23% and Mitsui E&P Australia
In the Petrel Sub Basin, Origin Energy Resources Ltd is farming in for a
50% operating interest in WA-454-P. Origin will reimburse MEO 80%
of the costs in the permit to date and pay 80% of drilling costs for an
exploration well on the Breakwater prospect.
In the Browse Basin, the work programs for WA-28-R, WA-29-R,
WA-30-R, WA-31-R and WA-32-R are now -
subsurface, engineering, geotechnical & environmental studies,
commercial & marketing activities $56m
Year 2 & Year 3: subsurface, engineering, geotechnical &
environmental studies $119m
Year 4: development concept, commercialise Browse field $36.14m
Year 5: commercialise Browse field, marketing activities $15.71m
In the Carnarvon Basin, WA-51-R was granted on 11/07/2013. The
licence will expire on 10/07/2018. Interests are as follows -
WA-51-R Gas interests - Shell Development (Australia) P/L 15.784%,
Woodside Energy Ltd 15.784%, BHP Billiton Petroleum (Northwest Shelf)
P/L 15.783%, BP Developments Australia P/L 15.783%, Chevron Australia
P/L 15.783%, Japan Australia LNG (MIMI) P/L 15.783% and CNOOC NWS Pte
WA-51-R Oil interests - BP Developments Australia 16.667%, Chevron
Australia P/L 16.667%, Shell Development (Australia) 16.667%, Woodside
Energy Ltd 16.667%, Japan Australia LNG (MIMI) 16.666% and BHP Billiton
Petroleum (Northwest Shelf) 16.666%. Work program is as follows -
Year 1: studies, front end engineering & design $27m
Year 2: front end engineering & design, field development plan
Year 3: front end engineering & design, field development plan
Year 4: brownfields construction works on Goodwyn A platform $TBA
Year 5: brownfields construction works on Goodwyn A platform $TBA
In the Canning Basin, Key Petroleum has executed an agreement to acquire
Emerald Oil & Gasí interests in EP 104 and R 1 for
$50,000. Emerald will also be issued with 4 million ordinary fully paid
shares in Key Petroleum. The sale is subject to approval by the WA
Department of Mines and Petroleum.
In the Carnarvon Basin, Australian Oil Company is selling its 17%
interest in EP 435 to a joint venture partner for $35,700.
In the Canning Basin, EP 438 is being renewed.
In the Perth Basin, Perth Resources was unable to raise its finance for
the EP 454 farm-in. The agreement has been terminated.
In the Carnarvon Basin, STP-SPA-22 and STP-SPA-26 are
under application by UIL Energy Ltd.
In the Canning Basin, STP-SPA-30 is under application by Amadeus
Basin Oil & Gas P/L.
In the Officer Basin, STP-SPA-34 is under application by
Woolnough Dome Oil & Gas P/L.
In the Savory Basin, STP-SPA-35 is under application by CSR Well
13 Oil & Gas P/L.
In the Canning Basin, Phoenix Resources has withdrawn from R 1.
In the East Coast Basin, PEP 50940 and PEP 52676 were
relinquished on 23/07/2013 and 12/07/2013 respectively.
In the Taranaki Basin, PEP 51311 was relinquished on 29/07/2013.
In the Taranaki Basin, New Zealand Energy Corp has signed a binding
agreement with L&M Energy whereby L&M will pay NZEC C$18.25 million to
form a 50/50 joint venture to explore and develop PML 38138,
PML 38140 and PML 38141, the Waihapa Production Station and
associated pipelines and infrastructure. Closing of the joint venture is
subject to government and regulatory approvals, obtaining funding and
the closing of the Sale and Purchase Agreement with Origin, as announced
Papua New Guinea
In the Papuan Basin, Kirkland Ltd (a subsidiary of New Guinea Energy)
has signed an agreement for the sale of its 50% interest in PPL 269
to Esso PNG Robin Ltd (a subsidiary of Exxon Mobil Corp) for a total
consideration of US$40 million cash. The agreement is subject to initial
conditions which need to be satisfied or waived by 23/08/2013, including
the following: Esso giving notice that they wish to proceed; Kirkland
obtaining the consent of the holder of convertible bonds in NGE; and NGE
providing a parent company guarantee to Esso. If these initial
conditions are met, Esso will be required to pay a US$4 million deposit
to Kirkland. Completion is contingent on the satisfaction of certain
additional conditions that include pre-emption rights not being
exercised, a variation to the PPL being approved and government and
joint venture approvals, all of which need to be satisfied by
Also in the Papuan Basin, Oil Search has withdrawn from PPL 276
and PPL 312.
For more information
contact GPinfo support on +61 2 9437 6255 or e-mail to
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