This month's update includes new and comprehensive help files which are provided in CHM and PDF format ...

 

After 20 years looking after GPinfo data, Angela Willett is taking a well-earned rest.  At the end of January she is setting off on a 4-wheel drive trip around Australia with husband Murray and son Michael ...

 

Westside Corporation Ltd announced that it has entered a conditional agreement to acquire Anglo Americanís stake in the Dawson coal seam gas assets, and potentially, Mitsui Moura Investment P/Lís interest ...

 

The 2010 Acreage Release area nomination process is now complete.  There was substantial interest and participation across all sectors of the industry ...


Data Update

This month's update includes new and comprehensive help files which can be accessed from the Help menu in the GPinfo interface.  Help is provided in CHM format from the Help Topics option for convenient on-screen browsing, and also in PDF format from the User Guide option. 

GPinfo also has a new look this month!  Let us know what you think of the new look and the improved help. We always appreciate your feedback.

For help in using GPinfo, please contact Rob Healy on 08 9226 0101 or Cynthia Thomas on 02 9923 5814.

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Staff Changes

After 20 years looking after GPinfo data, Angela Willett is taking a well-earned rest.  At the end of January she is setting off on a 4-wheel drive trip around Australia with husband Murray and son Michael.  She plans to be on the road for the rest of the year, returning to her desk around Christmas time.  I hope you will join us in wishing Angela and family all the best on their excellent adventure.

In her absence Angela's duties will be covered by Lidia Novosel.  Lidia is a Petroleum Engineer who has 12 years of industry experience, primarily with Schlumberger in Russia and the UK. 

Lidia joins us at a very busy time in our calendar as we begin our preparations for the APPEA Conference.  We very much appreciate your continued support during this transitional phase and hope you will work with Lidia as you have worked with Angela over the years to assist us in maintaining our high data standards. 

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Industry Summary

Company News

Westside Corporation Ltd announced that it has entered a conditional agreement to acquire Anglo Americanís stake in the Dawson coal seam gas assets, and potentially, Mitsui Moura Investment P/Lís interest in those assets.  The proposed acquisition would result in Westside acquiring a stake of up to 100% in the producing Dawson CSG fields (PL 94) and up to 50% in two adjoining tenements (ATP 602P and ATP 564P/PL 94 North sublease).  The ultimate interests acquired will be determined following resolution of pre-emptive and other rights of participation held by the existing joint venture partners.  (Source:  Westside Energy, 30/12/2009).

Further to the announcement made by Westralian Gas and Power Ltd on 18/09/2009 concerning the Oswal joint venture, Westralian and Oswal Resources have agreed the terms of the termination of their relationship.  They have agreed to, so far as they can, put themselves in a position reasonably similar to the position they were in before entering the transaction on 30/10/2008.  Westralian shall refund to Oswal $200,000 which represents a refund of the purchase monies paid by Oswal pursuant to the initial acquisition and a further sum of $300,000 which represents a reimbursement of the portion of monies spent by Oswal on work it carried out.  Westralian shall retain all the resource titles and all the resource information which is the subject of that transaction.  Finally, Westralian shall have the ownership and the benefit of the information generated by Oswal and Oswest Energy P/L on the project since 30/10/2008.  (Source:  Westralian Gas & Power announcement, 24/12/2009).

The directors of Bow Energy Ltd are pleased to announce that it has increased its end of year 2010 proved, probably and possible coal seam gas reserves target to 2,750 petajoules, up 45% from the previous target of 1,900 petajoules.  With the 2009 drilling success in the Blackwater CSG field and recent successful capital raisings which have provided in excess of $95 million cash, Bow is scheduling up to 52 exploration, appraisal and production wells during 2010 over seven CSG projects in the Bowen and Surat Basins in Queensland.  (Source:  Bow Energy announcement, 17/12/2009).

The directors of Liquefied Natural Gas Ltd are pleased to announce that a revised heads of agreement has been executed with Arrow Energy Ltd.  Under the revised proposal, the Gladstone LNG Project will be split into an optimised structure of ďInfraCoĒ and ďTrainCoĒ, a structure which has been successfully used in other existing LNG projects.  InfraCo will be established as an unincorporated joint venture between Gladstone LNG P/L (51%), a wholly-owned subsidiary of LNG Ltd and Arrow (49%) to own, design and construct the LNG project infrastructure.  TrainCo will be 100% Arrow owned and will develop a 1.5 million tonne per annum LNG train on land under a sublease from InfraCo.  Finally, a joint venture operating company will manage the construction and operation of both InfraCo and TrainCo.  (Source:  LNG Energy announcement, 04/01/2010).

Chevron Corp today announced that its Australian subsidiaries and Nippon Oil Corp have signed a heads of agreement for the delivery of 0.3 million metric tons per year of liquefied natural gas for 15 years from the Chevron-operated Gorgon Project in Western Australia.  (Source:  Chevron Corp announcement, 06/01/2010).

Chevron Corp today announced that its Australian subsidiaries have signed binding long-term sales and purchase agreements with Chubu Electric Power for a portion of Chevronís share of LNG from the Gorgon Project.  Chevron agreed to supply Chubu Electric 1.44 million metric tons per year of LNG for 25 years.  Also, Chubu Electric intends to purchase a 0.417% equity from Chevronís stake in the Gorgon project.  (Source:  Chevron Corp announcement, 16/12/2009).

Chevron Corp today announced that its subsidiary, Chevron Australia P/L has signed a heads of agreement with the Tokyo Electric Power Co (TEPCO) to deliver 4.1 million tons per annum of LNG for up to 20 years from the Wheatstone Project in northwestern Australia.  Under the agreement, TEPCO also intends to acquire 15% of Chevronís equity share in the Wheatstone field licenses and an 11.25% interest in the Wheatstone natural gas processing facilities to be developed onshore new Onslow in northwestern Australia.  (Source:  Chevron Corp announcement, 04/12/2009).

Woodside Petroleum has received $1.7 billion from the institutional component of its $2.5 billion capital raising to strengthen its balance sheet and fund development of the Pluto expansion, Browse and Sunrise LNG projects.  The company said the institutional offer, priced at $42.1 per share, received overwhelming support from existing instructional shareholders with more than 93% of eligible shareholders taking up their entitlements.  (Source:  www.petroleumnews.net, 17/12/2009).

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Development News

Origin Energy Resources Ltd, as operator of the BassGas Joint Venture, announces that the final investment decision has been made for the $345 million Yolla Mid-Life Enhancement Project.  Two development wells, Yolla 5 and Yolla 6 will be drilled and on-platform pumping and compression equipment will be installed to extend the production life of the Yolla gas field.  On-platform construction and drilling activity is expected to commence in the December quarter of 2010.  The additional wells and accommodation facilities are expected to be operational by the June quarter of 2011.  The pumping and compression facilities are expected to be operational by mid 2012.   (Source:  Origin Energy announcement, 18/12/2009).

Oil producer Stuart Petroleum Ltd advises that the South Australian Minister for Urban Development and Planning, the Hon Paul Holloway, has formally approved the application to construct diesel receival, storage and distribution facilities at Port Bonython in the upper reaches of Spencer Gulf.  The development application was lodged by Port Bonython Fuels P/L, a wholly-owned subsidiary of Stuart Petroleum and the Ministerís approval relates to:  construction of fuel unloading facilities at the Port Bonython jetty; construction of a 5.3 km long fuel pipeline from the jetty head to land owned by Port Bonython Fuels; construction of tanks with a diesel storage capacity in excess of 100 million litres; construction of truck loadout and associated facilities.  The Port Bonython Project will be capable of delivering up to 1000 million litres of diesel annually to fuel growth and industry in the north of the State.  (Source:  Stuart Petroleum announcement, 12/01/2010). 

Victoria Petroleum, as operator for the PEL 111 joint venture is pleased to advise the start up of oil production from the Snatcher 1 and Snatcher 2 oil discoveries with their connection to the temporary Snatcher oil production facility.  Over the new few days, subject to weather, the wells will move from free flow to increased production with the commissioning of the artificial lift beam pumps that have been installed.  (Source:  Victoria Petroleum announcement, 18/12/2009).

In an effort to propel investments in Australiaís oil and gas industry, the federal government has granted major project facilitation status to Woodside Petroleumís Pluto expansion The Pluto expansion involves the construction of two additional trains.  The $12 billion Pluto Train 1 is 82% complete and is targeting first gas by the end of 2010 and first LNG in early 2011.   (Source:  www.petroleumnews.net, 24/12/2009).

Decmil Group has increased its order book to $398 million after securing a civil works subcontract for the Gorgon LNG project and extending its civil works contract for the Pluto LNG project.  The subcontract for Gorgon is valued at $74 million and was awarded by Thiess for the design and construction of temporary construction facilities at Gorgon.  The scope of the work covers the installation of temporary facilities, the supply and installation of warehouses and workshops and related engineering and design.  Onsite work is expected to start in mid-2010 with completion target for September 2011.  Decmel has also secured a $66 million contract variation for additional work on Pluto.  Work including concrete, earthworks, road works and pavements will start immediately and is due to be completed by mid-July 2010.  (Source:  www.petroleumnews.net, 24/12/2009). 

Esso Highlands Ltd, a subsidiary of Exxon Mobil Corp and operator of the PNG LNG project, today announced that the project participants have finalised a sales and purchase agreement with Osaka Gas Co for the long-term sale and purchase of liquefied natural gas totalling approximately 1.5 million tonnes per annum.  The agreement is effective for a 20-year period.  (Source:  ExxonMobil announcement, 22/12/2009).

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Permit Updates and Changes

Proposed Areas - 2010 Federal Offshore Acreage Release

The 2010 Acreage Release area nomination process is now complete.  There was substantial interest and participation across all sectors of the industry.  A map outlining areas short listed for inclusion in the 2010 Acreage Release is available.  Please note that the proposed areas have not been finalised and are still subject to change.  (Source:  Australian Petroleum News, December 2009).

See GPinfo for details of areas.  Proposed areas have been allocated temporary names in GPinfo, pending their formal release at the APPEA Conference in May.  Permits named AVAIL* are the proposed 2010 areas.

2009 Federal Offshore Acreage Release

A number of areas from the 2009 Offshore Acreage Release have been re-released and will now close on 29/04/2010:
S 09-7
, V 09-1, V 09-2, V 09-3, W 09-3 and W 09 13.

The following areas did not get bids and will not be re-released:
W 08-2, W08-3, W 08-5, W 08-23, W 08-24, W 09-14, W 09-15 and W 09-16.

New South Wales

In the Clarence/Moreton Basin, PEL 432 is in the process of being renewed.

In the Gunnedah Basin, Santos has earned 15% in the coal seam gas in EP 456 after completing Phase 1.  It has an option to increase its interest by 35% by completing Phase 2.

Also in the Gunnedah Basin, PELA 123 was granted as PEL 480 to Surat Resources P/L 100% on 17/12/2009.  The licence will expire on 17/12/2011.  Initial work program is as follows: 

Year 1 - geological studies
Year 2 - 1 core hole and wireline logging of water bores

In the Gunnedah Basin, PSPA 29 expired on 23/12/2009.

Geothermal Permits

Geothermal Tender Areas G8TA_C and G8TA_D have been offered to Macquarie Energy P/L 100%.

Geothermal Tender Area G8TA_G, G8TA_H and G8TA_P have been offered to Centennial Coal Co Ltd 100%.

Geothermal Tender Area G8TA_I has been offered to Granite Power Ltd 100%.

Geothermal Tender Area G8TA_O, G8TA_R and G8TA_S have been offered to Gradient Energy Ltd 100%.

Note:  Group 8 tender areas will be handled under the Mining Act (where excluded areas are physically removed from the title shape).  Exclusions include map units wholly covered by National Parks, certain forestry reserves, various mining reserves, coal production titles and production title applications, and urban development.  As resulting polygons are highly complex, we have compressed each polygon using a 5m tolerance, and removed any polygons with an area of less than 0.1 sq km.

In the Sydney Basin, EL 6360 expired on 24/12/2009.

Also in the Sydney Basin, EL 6740 was transferred to Near Surface Geothermal Energy P/L.

In the Sydney Basin, application ELA 3758 was withdrawn on 02/11/2009.

Northern Territory

Offshore, in the Timor Sea, PTTEP is in the process of acquiring 50% of AC/P 33 from Stuart and the remaining 50% from the Albers group of companies.

In the Browse Basin, Finder Exploration has signed an agreement to farm-out 45% of AC/P 52 to Sasol Petroleum Australia Ltd.

In the Bonaparte Basin, NT/P 68 is in the process of being renewed over a reduced area.

Onshore, Uramet Minerals has applied for EP(A) 170 over 10,302 sq km.

Armour Energy P/L has applied for four exploration licences:  EP(A) 171 over 3,473 sq km in the McArthur Basin, EP(A) 172 over 7,067 sq km in the Georgina Basin, EP(A) 173 over 2,918 sq km in the McArthur Basin and EP(A) 174 over 4,340 sq km in the McArthur Basin.

Queensland

In the Maryborough Basin, Adelaide Energy's subsidiary Australian Unconventional Gas P/L has acquired Magellan's interests in ATP 613P, ATP 733P and ATP 674P for $450,000.

In the Surat Basin, Toyota Tsusho CBM Queensland P/L will acquire AJ Lucas Group's 15% in ATP 651P and associated production licence applications PL 276 and PL 277 for a consideration of A$98.5m.

In the Bowen Basin, ATP 693P has undergone a partial relinquishment and now covers a reduced area of 1,419 sq km.

Also in the Bowen Basin, ATP 769P has undergone a partial relinquishment and now covers 3,268 sq km.

In the Surat Basin, PL 74 is in the process of being renewed.

In the Surat Basin, PL 238 over the Tipton/Plainview fields was granted on 29/10/2009.  The licence will expire on 28/10/2039.

Also in the Surat Basin, PL 264 over the Emu Apple field was granted on 03/12/2009.  The licence will expire on 31/12/2015.

Geothermal Permits

GLR 2009-1-24 is under application as EPG 84 by Geogen Victoria P/L 100%.

South Australia

In the Officer Basin, Ahavaís interest in PEL 499 is held by Ahava Welbourne Energy Ltd and Ahava has increased its interest to 100%.

Also in the Officer Basin, Ahavaís interest in PEL 500 is held by Ahava Wintinna Energy Ltd and Ahava has increased its interest to 100%.

In the Cooper Basin, PPL 46, PPL 47 and PPL 52 are in the process of being renewed.

In the Otway Basin, PRL 1 was renewed to 09/01/2015.

Geothermal Permits

In the Arrowie Basin, GEL 156, GEL 178, GEL 180 and GEL 181 are in the process of being renewed.

On the Adelaide Fold Belt, the GEL 503, GEL 504, GEL 505, GEL 506 and GEL 507 were granted to Earth Heat Ltd 100% on 18/12/2009.  The licences will expire on 17/12/2014.

Tasmania

In the Sorrell Basin, T/32P was renewed to 15/12/2014 over a reduced area of 2,605 sq km.   Work program is as follows: 

Year 1 - G&G studies, 3D seismic planning
Year 2 - 350k 3D seismic
Year 3 - G&G studies
Year 4 - 1 well

Year 5 - G&G studies

Western Australia

Offshore in the Carnarvon Basin, TP/9 is in the process of being relinquished.

In the Browse Basin, TR/5 was renewed to 23/01/2014.  Work program is as follows: 

Year 1 - geotechnical, marketing, environmental and reservoir studies, 3D seismic interpretation - $120.8m
Year 2 - engineering and marketing studies - $196.2m
Year 3 - engineering and marketing studies - $60.4m
Year 4 - engineering and marketing studies

Year 5 - engineering and marketing studies

In the Barrow sub-Basin, Retention lease TR/6 was granted over TP/2 on 10/12/2009.  The licence will expire on 09/12/2014.  Work program is as follows: 

Year 1 - engineering studies - $0.04m
Year 2 - engineering studies - $0.04m
Year 3 - commercial studies - $0.025m
Year 4 - commercial studies - $0.025m
Year 5 - field development studies - $0.25m

In the Browse Basin, R 2 was renewed to 23/12/2014.  Work program is as follows:

Year 1 - geotechnical, marketing, environmental and reservoir studies, 3D seismic interpretation - $9.2m
Year 2 - engineering and marketing studies - $15m
Year 3 - engineering and marketing studies - $4.6m
Year 4 - engineering and marketing studies

Year 5 - engineering and marketing studies

On the Exmouth Plateau, WA-1-R is in the process of being renewed.

In the Browse Basin, WA-28-R has been renewed to 23/12/2014.  Work program is as follows: 

Year 1 - geotechnical, marketing, environmental and reservoir studies, 3D seismic interpretation - $37.2m
Year 2 - engineering and marketing studies - $60.5m
Year 3 - engineering and marketing studies - $18.6m
Year 4 - engineering and marketing studies
Year 5 - engineering and marketing studies

WA-29-R has been renewed to 23/12/2014.  Work program is as follows:

Year 1 - geotechnical, marketing, environmental and reservoir studies, 3D seismic interpretation - $18.8m
Year 2 - engineering and marketing studies - $30.6m
Year 3 - engineering and marketing studies - $9.4m
Year 4 - engineering and marketing studies
Year 5 - engineering and marketing studies

WA-30-R has been renewed to 23/12/2014.  Work program is as follows:

Year 1 - geotechnical, marketing, environmental and reservoir studies, 3D seismic interpretation - $120.8m
Year 2 - engineering and marketing studies - $196.2m
Year 3 - engineering and marketing studies - $60.4m
Year 4 - engineering and marketing studies
Year 5 - engineering and marketing studies

WA-31-R has been renewed to 23/12/2014.   Work program is as follows:

Year 1 - geotechnical, marketing, environmental and reservoir studies, 3D seismic interpretation - $37.2m
Year 2 - engineering and marketing studies - $60.5m
Year 3 - engineering and marketing studies - $18.6m
Year 4 - engineering and marketing studies
Year 5 - engineering and marketing studies

WA-32-R has been renewed to 23/12/2014.  Work program is as follows:

Year 1 - geotechnical, marketing, environmental and reservoir studies, 3D seismic interpretation - $56m
Year 2 - engineering and marketing studies - $91m
Year 3 - engineering and marketing studies - $28m
Year 4 - engineering and marketing studies
Year 5 - engineering and marketing studies

In the Barrow sub-Basin, WA-192-P is in the process of being renewed over a reduced area.

In the Browse Basin, WA-285-P has had its expiry date extended to 03/03/2010.

Also in the Browse Basin, WA-343-P has had its expiry date extended to 10/09/2010.

In the Browse Basin, WA-344-P has had its expiry date extended to 10/03/2010.

In the Carnarvon Basin, WA-352-P is in the process of being relinquished.

Also in the Carnarvon Basin, MEO has elected not to exercise its drill option in WA-359-P and North West Shelf Exploration will reassign its 60% interest to Cue and Exoil.

Also in the Carnarvon Basin, MEO is close to finalising documentation to complete the farmout of its interest in WA-360-P.

In the Browse Basin, PTTEP Australasia is in the process of acquiring 20% from Woodside in WA-378-P, WA-396-P and WA-397-P.

Onshore, in the Canning Basin, 3/07-8 EP has had its application area varied and now covers a reduced area of 9,168 sq km.

In the Dampier sub-Basin, EP 363 is in the process of being relinquished.

In the Perth Basin, EP 389 is in the process of being renewed.

In the Canning Basin, Buru Energy has the right to earn a further 70% in EP 438 by spending $3 million on further exploration including drilling one well.  Interests in the licence will be:  Buru Energy Ltd 75%, Gulliver Productions P/L 20% and Indigo Oil 5%.

Also in the Canning Basin, Buru Energy Ltd will relinquish its 5% interest in EP 448 and the associated $3 million commitment.  Interests in the licence will be:  Gulliver Productions P/L 73.5%, Indigo Oil 21%, United Orogen Ltd 5.5%.

In the Perth Basin, EP 462 was cancelled on 24/12/2009.

SPA 4/08-9 AO has had its application area varied and now covers 2,010 sq km.

A number of new applications for Special Prospecting Authorities are pending:  SPA 5/09-0 AO over 31,424 sq km in the Bangemall Basin, SPA 6/09-0 AO over 31,246 sq km in the Bangemall Basin, SPA 7/09-0 AO over 31,580 sq km in the Savory Basin and SPA 8/09-0 AO over 31,032 sq km in the Savory Basin.

Geothermal Permits

G 09-112 is under application by Greenpower Energy Ltd 100% as 1/09-0 GEP.

G 09-101 is under application by Greenpower Energy Ltd 100% as 2/09-0 GEP.

Green Rock Energy Ltd has applied for a number of geothermal licences in the Perth Basin:  14/08-9 GEP over 51 sq km, 15/08-9 GEP over 202 sq km and 16/08-9 GEP over 300 sq km.

Gradient Energy Ltd has applied for a number of Perth Basin geothermal licences:  18/08-9 GEP over 296 sq km, 19/08-9 GEP over 296 sq km, 20/08-9 GEP over 296 sq km, 21/08-9 GEP over 297 sq km and 22/08-9 GEP over 296 sq km.

New Zealand

In the Canterbury Basin, APP 52011 has been withdrawn.

In the Taranaki Basin, Kea Exploration Ltd has applied for APP 52200 over 256 sq km and APP 52333 over 233 sq km.

Also in the Taranaki Basin, Contact Energy Ltd has applied for petroleum mining permit APP 52278 over 4.97 sq km.

In the Westland Basin, L&M Petroleum has reached agreement to acquire 40% of Mighty River Power's 50% in PEP 38226.  Interests will be L&M Petroleum 90% and Mighty River Power 10%.

In the East Coast Basin, PEP 38342 was renewed to 27/06/2014 over a reduced area of 902 sq km.  Work program is as follows: 

12 months - technical study, commit or surrender
24 months - 30k 2D seismic acquisition and processing
34 months - technical study, commit or surrender
45 months - 1 exploration well, commit or surrender
51 months - technical study, commit or surrender
72 months - sidetrack/deepening
84 months - ongoing work program, technical study

Also in the East Coast Basin, PEP 38349 now covers an area of 6,851 sq km after the extension to the licence area was approved.  Varied work program is as follows:

12 months - technical studies, geochemical sampling, ongoing work program
24 months - 30k 2D seismic, technical study, ongoing work program
40 months - deepen existing stratigraphic well at Bore Hill
52 months - technical studies, 1 exploration well
60 months - technical study

In the Northland Basin, PEP 38602 has had its expiry date extended to 31/03/2010.

In the Taranaki Basin, PEP 38738 and PEP 38738 D expired on 14/01/2010.

Also in the Taranaki Basin, PEP 51988 was granted to New Zealand Oil & Gas Ltd 100% on 15/01/2010.  The licence will expire on 14/01/2015.  Work program is as follows:

24 months - technical studies, 200k 3D seismic, commit or surrender
36 months - 1 exploration well

60 months - technical studies

Papua New Guinea

 

In the Papuan Basin, Oil Search submitted changes to its application for an extension to PPL 234.  These are currently with the PAB and are likely to be approved (see GPinfo for details).  The licence still covers 3,914 sq km.

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