GPinfo Update July 2017               

 

Data Update

 

The July 2017 data update is now available …

 

This month's update includes new versions of the Fields and Pipelines layers. Also Australia 3D, which combines 3D seismic survey polygons from various government sources has been updated …

 

GPinfo acquired by Vela Software

 

As a valued GPinfo subscriber, we are excited to announce that GPinfo has been acquired by Vela Software and going forward will be aligned with Petrosys

 

Industry Summary

 

The Australian Government will complete a study into offshore gas basins in Southern Australia, as part of the $90 million investment in domestic gas security and supply. Minister for Resources

 

The Department of Mines and Petroleum will implement a medium to long-term, strategic approach for petroleum acreage releases across the Canning and Perth Basins over the next five years …

 

Permit Updates and Changes

 

The NSW Department of Industry, Skills & Regional Development has changed its name to NSW Department of Planning & Environment.  As such, Geothermal licences EL 8065 and EL 8066 are …

 

Production licence PL 1018 was granted to Australia Pacific LNG (CSG) P/L 100% on 12/06/2017. The licence will expire on 11/06/2047. Overlapping ATP 2018 subsequently lapsed


 

The July 2017 update for GPinfo is now available.

 

Fields & Pipelines

 

This month's update includes new versions of the Fields and Pipelines layers. Our thanks to those companies who supplied us with updated data, assisted in its verification for display on the 2017 Petroleum Permits Map and for giving their permission for its inclusion in GPinfo.

 

Updated Seismic Data

 

The Australia 3D seismic layer has been updated. The layer combines 3D survey polygons from various government departments. In the interests of conveniently combining disparate data sets, some attributes that existed in the original, individual files may be missing from the combined version.

 

The Australia 3D layer can be found in the SEISMIC > OVERLAYS group in the Map Manager. The data contained in the Australia 3D layer is the property of the suppliers.  Right-click on the layer in the Map Manager and select View data provenance to see full attribution.

 

 

GPinfo acquired by Vela Software          

 

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Petrosys is the industry leader for oil and gas in mapping, surface modelling and data management software solutions, delivering direct connectivity with the most popular exploration, production and GIS data sources. Petrosys produces high quality maps and surface models and has been supporting companies in the exploration and production of petroleum since 1984.

 

We look forward to continuing to provide you with the most accurate and detailed information and ensuring GPinfo remains the definitive source for Australasian petroleum exploration data.

 

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Customer Support – info@gpinfo.com.au

 

 

Industry Summary                                       

 

New study to assess gas potential of offshore South East Australia

 

The Australian Government will complete a study into offshore gas basins in Southern Australia, as part of the $90 million investment in domestic gas security and supply. Minister for Resources and Northern Australia Senator Matt Canavan said the study of the Gippsland, Otway, Bass and Sorell Basins would look into the prospects for future supplies of gas to supply the South East Australia domestic gas market. The Australian Government will work with the Victorian and Tasmanian Governments on the Offshore South East Australia Future Gas Supply Study. The National Offshore Petroleum Titles Administrator (NOPTA) and Geoscience Australia will provide expert advice. The study will focus on developing a better understanding of the volumes of gas available in this highly productive area, and will also seek to identify opportunities to maximise sustainable gas recovery. More information about the Offshore South East Australia Future Gas Supply Study is available here. (Source: Senator the Hon Matt Canavan, Minister for Resources and Northern Australia, announcement, 16/06/2017).

 


 

Five-year release for petroleum exploration acreage introduced

 

The Department of Mines and Petroleum will implement a medium to long-term, strategic approach for petroleum acreage releases across the Canning and Perth Basins over the next five years. The acreage release schedule maps of the Canning and Perth Basins highlight future acreage release areas that will open for competitive bidding rounds for oil and gas prospectors from 2018 to 2021.The aim is to provide more transparency to the oil and gas industry and to other stakeholders for proposed future acreage release areas. The maps also show areas that are not available for special prospecting authority with an acreage option applications. The acreage release schedule will be updated at least once a year after each acreage release round, and when significant amounts of new prospectivity data or acreage becomes available to warrant a review. In addition to the mapped regions, upcoming relinquishment acreage may be considered for re-release in future rounds. More information is available here.  (Source: Department of Mines and Petroleum announcement, 22/06/2017).

 


 

Company News

 

AWE Ltd has received a further proposal from Dawney & Co P/L, and the initial offer made on 19/06/2017 has now been withdrawn. Dawney is now proposing that AWE shareholders grant Dawney a call option for up to a maximum of 19.99% of all AWE shares for $0.56 per share. AWE shareholders will receive 95% of the net sale proceeds if Dawney assigns the option to a third party. There is no consideration payable by Dawney to AWE shareholders. The offer closes 04/08/2017, and the option period will extend to 10/09/2017. AWE recommends shareholders take no action. (Source: AWE announcement, 06/07/2017).

 

Blue Energy Ltd and APA Group have executed an agreement to negotiate a gas transportation agreement for the delivery of Blue Energy’s Bowen Basin gas reserves to the southern market gas buyers. Blue Energy and APA will work together to explore the development of new pipeline infrastructure and other related mid-stream infrastructure to bring these new resources online. The pipeline link will enable gas resources to be supplied and traded between Townsville and Hobart in Tasmania using APA’s east coast grid. Any investment will be subject to the satisfaction of a number of conditions, including gas resources certification, gas supply and transportation agreements and final board approvals. (Source: Blue Energy Ltd announcement, 20/06/2017 and APA Group announcement, 20/06/2017).

 

Carnarvon Petroleum Ltd and Northern Oil & Gas Australia P/L have teamed up to share data across the Buffalo Block WA-523-P and the Corallina and Laminaria producing oil fields AC/L5 and WA-18-L. Carnarvon and NOGA are collaborating to ensure that re-processing of the Laminaria 3D seismic results in a seamless high-quality 3D dataset over the Corallina, Laminaria and Buffalo fields, and Carnarvon’s experience over the Buffalo block will be used by NOGA to fast track their results. By sharing data, NOGA is able to assist in better understanding the potential available in the Buffalo oil field, and guide Carnarvon on potential development opportunities. (Source: Carnarvon Petroleum Ltd announcement, 23/06/2017).

 

Legeneering Australia P/L has been awarded a key long-term offshore maintenance services contract for Woodside-operated Floating Production Storage and Offloading facilities (FPSO). The contract is for an initial period of 5 years with a further two extension options of one year each. Legeneering has been engaged to deliver general maintenance services and offshore brownfield implementation associated with Woodside-operated FPSOs located offshore off Western Australia. (Source: Legeneering Australia P/L announcement, 21/06/2017).

 

Monadelphous Group Ltd has secured a major contract, valued at approximately $600million, with Woodside Energy Ltd for the provision of gas asset general maintenance services and brownfields offshore implementation for Woodside-operated gas production facilities in the north west of Western Australia. The contact, which is for an initial period of five years with a further two one-year extension options, includes maintenance, shutdown services and offshore brownfields implementation for Woodside's Karratha gas plant, Pluto LNG, North Rankin Complex, Goodwyn A platform and Angel platform. (Source: Monadelphous Group Ltd announcement, 21/06/2017)http://cdn.oas-c17.adnxs.com/RealMedia/ads/Creatives/default/empty.gif/0.

 

Santos has established a strategic alliance with two of its existing shareholders ENN Group and Hony Capital. The relationship provides for the three companies to give each other preference to participate in future investments they make in natural gas and LNG in Australia and Papua New Guinea. The strategic relationship based on mutual cooperation and assistance in order to support the growth of Santos and will last as long as the funds hold more than 15% in Santos, unless terminated under certain circumstances. ENN sees the alliance as an effective link of Santos’ upstream expertise with China’s burgeoning downstream market for natural gas that will enable Santos to move to its full potential as a significant gas and LNG producer. (Source: Santos Ltd announcement, 27/06/2017 and Oil & Gas Journal, 27/06/2017).

 

Ochre Group Holdings Ltd has completed its acquisition of Oil Basins Royalties P/L from Oil Basins Ltd. As announced on 24/08/2016, the company entered into an agreement with Oil Basins whereby loans totalling $400,000 advanced by the company would be forgiven and form the consideration for the acquisition. The acquisition was subject to a number of conditions which were satisfied prior to completion. Oil Basins Royalties was renamed Ochre Energy Royalties P/L on 30/06/2017. (Source: Ochre Group Holdings announcement, 28/06/2017).

 

Coalbank Ltd has proposed to change its name to AustChina Holdings Ltd. Coalbank feels the name change better reflects its strategy to not only continue its investment in the resources and energy sectors, but also to build a platform to allow for investment in a wider range of quality investment opportunities. Coalbank is asking shareholders to vote for the change at the upcoming general meeting on 07/08/2017. (Source: Coalbank announcement, 26/06/2017).

 

In March 2017, Central Petroleum unanimously recommended an improved proposal from Macquarie Group to acquire all shares in Central. The revised proposal of $0.20 for each share in Central was rejected at the shareholder meeting held on 29/06/2017. 32.8% of shares were voted against the proposed scheme, which required more than 50% of shareholders and 75% of shares voting to support it. Central Petroleum now faces an uncertain future, with two groups looking to seize control from the board. New Direction Team, claims it has secured up to $US100 million in potential funds from parties in the US and Asia, to bring their offers to the table. Another group, OptionCo, has called a spill meeting on 19/07/2017, and New Direction has indicated it has the numbers to force a similar vote. Central Petroleum argued moves to replace the board were not in the best interests of shareholders, and would hamper the board under managing director Richard Cottee in keeping the company afloat. (Source: Energy News Premium, 30/06/2017).

 

In June 2017, Pancontinental Oil & Gas NL executed a binding heads of agreement with Bombora Natural Energy P/L under which it will acquire all of the issued capital of Bombora on the basis of up to 26 Pancontinental shares for each Bombora share. Pancontinental shareholders voted in favour of the acquisition on 10/07/2017, and as such the company has successfully completed the acquisition. (Source: Pancontinental Oil & Gas announcement, 12/07/2017).

 


 

Developments

 

Buru Energy has completed the initial testing and commissioning program as part of its restart of production from its Ungani oilfield in Western Australia, with the first truckload of crude oil arriving at the Wyndham Port. It is the first delivery of oil to Wyndham since Buru suspended production at its Ungani field in January last year. The first shipment to South-East Asia is expected to leave in September. The field is now producing at 800 bopd while the road transport system is being fully commissioned. This will be progressively increased to 1,250 bopd during the early part of July. (Source: Buru Energy announcement, 26/06/2017).

 

Origin Energy Ltd and its partners in the BassGas joint venture reported the completion of its Mid Life Enhancement project at Yolla gas-condensate field in license T/L1. The final phase of the project, installation and commissioning of compressor and condensate pumping unit on the Yolla-A platform, was completed in late June 2017 with compression start-up achieved ahead of time and under budget. The work followed an earlier phase of drilling and completing the final two development wells at Yolla 5 and Yolla 6 in 2015. Compression of Yolla gas began on 12/06/2017 and production reached the facility design capacity of 67 TJ/D. The joint venture participants are now working on development concept studies for nearby Trefoil field in retention licence T/RL2, which is similar to Yolla in terms of its gas-condensate mix. (Source: AWE announcement, 30/06/2017 and Oil & Gas Journal, 03/07/2017).

 

The Prelude FLNG vessel has started its month long journey to Australia after the completion a five-year construction project. The vessel completed final preparations, and set sail from the Samsung Heavy Industries' Geoje shipyard in South Korea in late June, undertow towards the Prelude field in the Browse Basin. It is expected to arrive on about 30/07/2017. Once it arrives at the Prelude natural gas field, preinstalled mooring chains lifted from the seabed will secure the facility. The Prelude facility will then undergo hook-up and commissioning, and start producing. (Source: Energy News Premium, 30/06/2017, Oil & Gas Journal, 29/06/2017).

 

Total has confirmed the Ichthys project is due to start in the first quarter of 2018 after the project avoided being impacted following the tragic accident at the Martin Linge development in the Geoje shipyard in South Korea on 01/05/2017. Work on Martin Linge was suspended until 01/06/2017 after the incident, which delayed the shipping of modules to Norway. The installation of the modules and lifting operations, which can only be carried out during summer given weather conditions in the Norwegian North Sea, had initially been planned for (northern) summer 2017. They have now been postponed until the local summer of 2018, which means that given the hook-up and commissioning operations, production start-up has been delayed to the first half of 2019. (Source: Energy News Premium, 07/07/2017).

 

ConocoPhillips has outlined early plans for the development of the Barossa and Caldita natural gas fields’ development in the offshore Bonaparte basin in the Timor Sea, with Australia’s offshore regulator kicking off a public consultation process. The development concept includes a permanently moored FPSO facility, subsea production system, supporting in-field subsea infrastructure and a subsea gas export pipeline, most likely to the existing Bayu-Undan to Darwin gas export pipeline. The facility will separate gas and condensate extracted from the field with the condensate exported directly to offtake tankers while the dry gas will be transported via subsea export pipeline for processing onshore. The development concept also has allowed for the potential future staged development of smaller Caldita field to the south in retention lease NT/RL6. The document will be open for public comment until 06/09/2017. (Source: Energy News Premium, 13/07/2017).

 


 

Discoveries

 

Cooper Energy and operator Beach Energy have had success at the fifth and final appraisal and development well in the Callawonga oil field, Callawonga 17. Callawonga 17 was drilled to a total depth of 1452m and its primary target, the McKinlay Member sandstone, was encountered 2.7m high to prognosis, with an interpreted 1m of net oil pay in a clean sand. A further 1.8m of net oil pay was encountered in the underlying Namur sandstone. The well has been cased and suspended as a future oil producer. All five wells are expected to be connected for production in the September quarter, and should have positive implications for reserve estimates and future drilling. The joint venture is considering a second five well program targeting McKinlay Member oil for 2018 following the success of the 2017 program. (Source: Cooper Energy announcement, 19/06/2017).

 

A ConocoPhillips-led joint venture has reported a successful appraisal well in the Barossa gas field in retention lease NT/RL5. Well logs and pressure data from the Barossa 5 and Barossa 6 wells confirmed that the primary Elang reservoir is gas-saturated and in pressure communication with previous wells drilled in the field. The successful outcome from the two wells justified production testing to confirm reservoir productivity and to obtain dynamic data to incorporate into plans for field development. Barossa 6 was tested, flowing gas and condensate from the interval 4,103 - 4,144m at a maximum rate of 65mmcfd on a 68/64-inch choke. Condensate content was measured at the surface as 7 bbl/mmcfd. (Source: Santos announcement, 28/06/2017).

 

AWE has advised preliminary analysis of wireline log and pressure data from the Waitsia 3 appraisal well has confirmed the southern extension of the Waitsia gas field by encountering strong gas shows across a 150m gross interval including the Kingia and High Cliff Sandstone reservoir targets. The Kingia reservoir was reached at 3,211m and the underlying High Cliff reservoir at 3,362m, which was 80m deeper than forecast. Three cores were cut in the Kingia before the well was cased and suspended for future testing and production. AWE now will move straight on to Waitsia 4 appraisal. (Source: AWE announcement, 04/07/2017).

 

 Permit Changes                                                                

 

New South Wales

 

Barka Basin

The NSW Department of Industry, Skills & Regional Development has changed its name to NSW Department of Planning & Environment.  As such, geothermal licences EL 8065 and EL 8066 are now held by the Secretary, NSW Department of Planning & Environment.

Northern Territory

 

Ashmore Platform

A suspension and extension for AC/P45 was lodged on 09/06/2017.

Bonaparte Basin

NT/RL2 and NT/RL4 are being renewed.

Pine Creek Geosyncline

Geothermal application GEP27824 was withdrawn on 06/06/2017.

Vulcan Sub Basin

The year 5 work program for AC/P21 has been extended by 5 months from 12/07/2017 to 12/12/2017. The licence has had its expiry date extended to 12/12/2017.

 

AC/RL6 is being renewed.

Queensland

 

Bowen Basin

ATP 854 has undergone a partial relinquishment and now covers a reduced area of 773 sq km.

 

ATP 2027 is a replacement tenure over ATP 564.  ATP 564 will expire once ATP 2027 is granted.

 

PL 1034 is a production licence application by Eureka Petroleum P/L 100% over the Sapphire field.

Cooper Basin

Bridgeport Energy (QLD) has relinquished ATP 944 and the area now reverts to vacant acreage.

 

PL 139 is being renewed as PL 1035.

Surat Basin

ATP 805 has undergone a partial relinquishment and now covers a reduced area of 152 sq km. The licence is in the process of being renewed.

 

Production licence PL 1018 was granted to Australia Pacific LNG (CSG) P/L 100% on 12/06/2017. The licence will expire on 11/06/2047. Overlapping ATP 2018 subsequently lapsed.

 

Production licence PL 1025 was granted to the QGC P/L-led consortium on 12/06/2017. The licence will expire on 11/06/2047. Overlapping ATP 1188 subsequently lapsed.

 

Potential commercial area application PCA 14 has been withdrawn.

 

Potential commercial area application PCA 161 has had its area varied and now covers an increased area of 152 sq km.

South Australia

 

Cooper Basin

Rawson Oil and Gas Ltd has sold its 10% interest in the Udacha Block PRL 26 to Beach Energy Ltd for a consideration of $500,000.

Duntroon Basin

The years 1-3 work program for EPP42 have been extended by 12 months from 06/07/2017 to 06/07/2018.  The licence has had its expiry date extended to 06/07/2021.

Eromanga Basin

PEL 112 has been suspended from 11/05/2017 to 10/05/2018. The licence has had its expiry date extended to 10/01/2020.

Otway Basin

PPL 21 has been suspended by 12 months from 28/04/2017 to 28/04/2018. The licence has had its expiry date extended to 30/04/2022.

Pedirka Basin

Tri-Star Energy Company has applied for sequestration licenses GSELA 668, GSELA 669, GSELA 670 and GSELA 671.

Tasmania

 

Otway Basin

T/34P was relinquished on 22/06/2017 and now reverts to vacant acreage.

Western Australia

 

Bonaparte Basin

The year 5 work program for WA-407-P has been extended by 12 months from 18/05/2017 to 18/05/2018. The licence has had its expiry date extended to 18/05/2019.

 

The year 6 work program for WA-420-P has been extended by 12 months from 12/05/2017 to 12/05/2018. The licence has had its expiry date extended to 12/05/2018.

Browse Basin

The year 5 work program for WA-274-P has been extended by 6 months from 27/06/2017 to 27/12/2017. The licence has had its expiry date extended to 27/12/2017.

 

A suspension, extension and variation for WA-377-P was lodged on 21/06/2017.

 

A change to the WA-424-P work program has been approved –

Year 6: 75 sq km 3D marine seismic depth imaging $0.05m

 

WA-477-P was cancelled by NOPTA on 26/06/2017.

Carnarvon Basin

Jadestone Energy (Australia) P/L has secured operatorship of the Stag oil field WA-15-L.

 

A suspension for WA-255-P was lodged on 27/06/2017.

 

A suspension, extension and variation for WA-28-P was lodged on 27/06/2017.

 

WA-473-P was relinquished on 07/07/2017.

 

WA-476-P was relinquished on 21/06/2017.

 

A change to the WA-70-R work program has been approved -

Years 1-5: technical, marketing & commercial studies $8.9m

Dampier Basin

A suspension and extension for WA-458-P was lodged on 30/06/2017.

 

KUFPEC (Perth) P/L has agreed to assign its 20% interest in WA-45-R proportionately to the joint venture partners. Following approval, interests will be as follows: Quadrant Northwest P/L 56.25%, Santos Offshore P/L
18.75%, Harriet (Onyx) P/L 12.5% and Hydra Energy (WA) P/L 12.5%.

 

The years 1-3 work program conditions for WA-503-P have been suspended by 12 months from 12/05/2017 to 12/05/2018. The licence has had its expiry date extended to 12/05/2021.

 

Tap Oil has entered into a sale and purchase agreement with Tanami Energy P/L for the sale of its 20% interest in WA-8-L for a cash consideration of $800,000. The sale is conditional on NOPTA approval and the purchaser complying with any regulatory and operating agreement requirements. If these conditions are not satisfied within 90 days the agreement will lapse.

Perth Basin

The year 2 work program for EP 368 has been suspended by 12 months from 29/06/2017 to 29/06/2018.

 

A change to EP 408 work program has been approved –

Year 5: reservoir testing, engineering & commercial studies $1m

 

A suspension, extension and variation for EP 430 was lodged on 14/06/2017.

 

Key Petroleum Ltd and AWE have agreed on binding terms for the acquisition of AWE Perth’s 100% interest in L 7. The terms of Key's acquisition include an upfront payment to Key of $0.38m. In addition, up to $1.9 million will be made available for reimbursement to Key for rehabilitation.

 

AWE has an option to farm into 50% of Key's 40% interest in WA-481-P, exercisable at any time for a period of 12 months from the date of execution of the agreement. AWE will pay a $0.075m option fee to Key that will allow AWE access to all data gathered in WA-481-P. A change to the year 5 and year 6 work program has been approved -

Year 5: 515 sq km 3D seismic reprocessing, 830 line km 2D seismic reprocessing, G&G studies $0.55m
Year 6: 3D seismic inversion and fluid modelling studies, G&G studies $0.3m

Roebuck Basin

WA-464-P and WA-466-P were cancelled by NOPTA on 26/06/2017.

Rowley Sub Basin

The year 2 work program for WA-479-P has been extended by 12 months from 12/08/2017 to 12/08/2018. A change to the year 2 and year 6 work program has been approved –

Year 2: G&G studies, 1100 sq km 3D seismic survey & processing $3.7m
Year 6: G&G studies including interpretation $0.2m

 

The year 2 work program for WA-487-P has been extended by 15 months from 21/05/2017 to 21/08/2018. A change to work program has been approved –

Year 2: 100 sq km 3D seismic $0.34m
Year 6: G&G studies including interpretation $0.2m

New Zealand

 

Taranaki Basin

PEP 51154 is being relinquished.

 

PEP 54879 is being relinquished.

 

PEP 57070 was relinquished on 23/06/2017.

 

New Zealand Oil & Gas has finalised a sale and purchase agreement with Mitsui E&P Australia for Mitsui's 4% interest in the Kupe gas and oil field PML 38146. The other Kupe joint venture participants have not exercised pre-emptive rights. The transaction remains subject to other consents and approvals, including regulatory approvals.

Papua New Guinea

 

Papuan Basin

NPCP Oil Co (a subsidiary of Kumul Petroleum) has increased its interest in PDL 3 and the SE Gobe Unit to 45.718% and 21.396% respectively after acquiring Southern Highlands Petroleum's 40.149% interest.

 

                                                                                                                                  

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