March 2013

Monthly Update
The March 2013 data update is now available ...

Wells Update
1,350 archive wells have been added to the database this month ...

Industry Summary
Beach Energy will transfer up to 60% of its interest in PEL 218 and ATP 855 to Chevron Australia over two stages. In stage 1 Beach will transfer 30% in PEL 218 to Chevron in exchange for $36 million in cash ...

Permit Updates and Changes
In the Gunnedah Basin, PEL 12 has been renewed to 26/09/2016 with no reduction in area ...

 


Monthly Update

The March 2013 GPinfo update is now available.

 


Wells Update

1,350 archive wells have been added to the database this month.  Of these, the overwhelming majority are stratigraphic wells drilled before 1990 when the GPinfo database began. Most are accounted for as follows -

Bureau of Mineral Resources
1,156 BMR wells drilled between 1962 and 1987 have been added to the 232 BMR wells already in GPinfo.

Deep Sea Drilling Project
27 DSDP wells drilled between 1971 and 1982 have been added. DSDP was an international ocean drilling project which operated from 1968 to 1983 to investigate seafloor spreading and plate tectonics.

Ocean Drilling Program
99 ODP wells drilled between 1988 and 2000 have been added. ODP was an international marine research program investigating the structure of ocean basins and was the successor to the DSDP.

Wells in Permit

The Wells in Permit table provides a listing of all wells in the GPinfo database cross referenced with all permits.  This is useful if you want to view tabular information on wells, listed by the permits within which they lie.

The Wells in Permit layer is found in the TABLES group in the Map Manager.

Right-click on the layer and select Browse to view the data in a Browser window. By default, the data is listed alphabetically by Permit. 



Click on any column header to sort by the contents of the column. 

The Wells in Permit layer can also be used in the Querying sub-system.


Industry Summary

Company News

Beach Energy will transfer up to 60% of its interest in PEL 218 and ATP 855 to Chevron Australia over two stages. In stage 1 Beach will transfer 30% in PEL 218 to Chevron in exchange for $36 million in cash and a $95 million carry and 18% in ATP 855P to Chevron for $59 million. In stage 2 Beach will transfer 30% in PEL 218 to Chevron for $41 million in cash and a $47 million carry and 18% in ATP 855P to Chevron for $36 million. The farm-out is conditional on relevant government and regulatory approvals. In addition, Beach has granted a put option to Icon (exercisable by Icon up to 30/06/2013) for Beach to acquire 4.9% of ATP 855P from Icon on payment by Beach of US$18 million. (Source: Beach Energy announcement, 25/02/2013).

Blue Energy Limited is pleased to announce 2P gas reserves of 50 Petajoules and a 140% increase in its 3P gas reserves to 180 Petajoules in the Company’s 100% owned Sapphire Block of ATP 814P in the Bowen Basin, Queensland. The upgraded gas reserve follows an independent review by Netherland, Sewell and Associates. Blue Energy is continuing pilot testing operations within the Sapphire Block aimed at further increasing the gas reserve base. (Source: Blue Energy announcement, 26/02/2013).

Origin Energy has agreed to sell an additional portion of its future oil and condensate production at a price linked to the current forward pricing curve. The $US200 million deal with Goldman Sachs to sell a portion of its future oil and condensate production will occur over a six year period from 2015, and follows a similar deal announced in December 2012. The two transactions represent about 35% of its current oil and condensate 2P reserves, excluding Australia Pacific LNG. (Source: Origin Energy announcement, 26/02/2013).

Bass Strait Oil Company has executed a services agreement with Cooper Energy Limited allowing it to use Cooper’s technical and commercial personnel. It is a formalisation of an agreement previously announced to the market and runs until 01/03/2014, unless terminated earlier. Bass intends to use the agreement to enhance its understanding of existing permits and review new opportunities. (Source: Bass Strait Oil Company announcement, 22/02/2013).

Senex Energy Limited has continued to build its coal seam gas asset base with a 15.1% increase of net reserves and resources to 598 Petajoules following exploration and appraisal in the Queensland Surat Basin. The Company’s 2P reserves increased by 13.4% to 156.6 Petajoules and 3P reserves are up by 13.9% to 357.7 Petajoules. The reserves and resources were estimated independently by MHA Petroleum Consultants. (Source: Senex Energy announcement, 25/02/2013).

The NSW Government plans to establish 2 km exclusion zones around towns in the state with populations larger than 1,000 to keep coal seam gas exploration and production activity away from residential areas. Under the new rules agreed to by the NSW cabinet, the industry will now be regulated by the Environmental Protection Agency, which will have the power to revoke licenses should companies not adhere to environmental conditions. The move comes amid increasing concern about CSG drilling since the NSW government withdrew its ban on hydraulic fracturing last year. (Source: Energy News Premium, 19/02/2013).

PetroChina Company Ltd has entered into an agreement with ConocoPhillips to acquire 20% in the Poseidon discovery covering permits WA-315-P and WA-398-P from ConocoPhillips. Karoon Gas Australia has pre-emptive rights over the 20% interest being sold to PetroChina. This right will lapse at the beginning of April. PetroChina has entered another agreement to acquire 29% in Goldwyer project from ConocoPhillips covering EPs 443, 450, 451, 456 and application areas 1/09-0, 2/09-0 and 5/09-0. The agreement is subject to pre-emptive rights by New Standard. (Source: New Standard Energy announcement, 21/02/2013, ConocoPhillips announcement, 20/02/2013, Karoon Gas announcement, 07/03/2013).

MEO Australia Limited has further extended the deadline for Eni to drill a second Heron well in NT/P 68 from 01/03/2013 to 22/03/2013. MEO said discussions are underway for a longer deferral period to allow for additional studies to be completed. Eni can either drill the well or withdraw from the permit. (Source: MEO Australia announcement, 04/03/2013).

Santos has today announced that proved and probable (2P) hydrocarbon reserves increased to 1,406 mmboe as at the end of 2012. This represents a 2P reserves replacement ratio of 180% and provides a reserves life of 27 years based on 2012 production of 52.1 mmboe. Two key movements in reserves included 35 mmboe in the Cooper Basin from the infill drilling program and the Moomba 191 shale gas well. In Queensland, the coal seam gas project added another 31 mmboe, which included an increase from the acquisition of a larger stake in the Combabula field. (Source: Santos announcement, 22/02/2013).

WestSide Corporation Limited has advised that discussions are still taking place with parties which have expressed an interest in the potential acquisition of 100% of the shares in WestSide. The WestSide board has advised that this process will be concluding in the near term. (Source: WestSide Corporation announcement, 05/03/2013).

AWE Limited has entered an agreement with Mid West Geothermal Power P/L, a subsidiary of Green Rock Energy, to farm-in for 50% interest and operatorship in the most suitable geothermal exploration permit containing the target drilling area.  Permits include GEP 23-GEP28 and GEP 41. If commercial production of geothermal energy is successful, AWE will have the right to farm-into the remaining geothermal exploration permits held by Mid West Geothermal Power on terms yet to be agreed. (Source:  Green Rock Energy announcement, 05/03/2013).

Developments

Origin Energy Limited has announced the results of Australia Pacific LNG’s schedule and cost review for its CSG to LNG Project. The review concluded that Train 1 is on track to be completed on or ahead of schedule, with the first LNG cargo expected in mid-2015. Train 2 is expected to be completed at least three months earlier than the Final Investment Decision schedule, now expected in the fourth quarter of 2015. The current estimated cost of the project is now at $24.7 billion, a 7% increase on the previously announced estimate of $23 billion. (Source: Origin Energy announcement, 21/02/2013).

The bidding process on the Moomba to Adelaide Pipeline system is moving ahead at full speed, with bids due by the end February. APA Group boss Mick McCormack said there were a number of prospective bidders who had signed confidentiality agreements, according to the Australian Financial Review. The pipeline is a key gas delivery artery to the eastern states’ gas grid and, according to reports, is expected to be worth up to $500 million. (Source: Energy News Premium 21/02/2013).

Theiss has won a contract worth $212 million for civil works at Chevron’s Gorgon Project on Barrow Island. The company will conduct earthworks, underground services and temporary building works. The Leighton Holdings’ wholly-owned subsidiary will complete the works over the next two years. (Source: Energy News Bulletin, 11/03/2013)
.

Discoveries

Norwest Energy NL has started flow back of the Carynginia formation at Arrowsmith 2 with initial rates reaching 350,000 cfd recorded on several occasions since the well commenced flow back. Following testing of the Carynginia, further testing is expected to be carried out on the Irwin River coal measures and High Cliff sandstone, which flowed at 777,000 cfd when tested last year. Testing of the gas-bearing formations is expected to take about four months. (Source: Norwest Energy NL announcement, 19/02/2013).

Senex Energy’s Paning 2 well the Cooper Basin has been cased and suspended after intersecting 117 metres of net gas pay. The well intersected 47 metres of gas-bearing tight sandstones in the Permian tight sands and 70 metres of net gas pay in the deep coals of the Patchawarra Trough. Paning 2 will be fracture stimulated as part of Senex’s Cooper Basin unconventional gas program. (Source: Senex Energy announcement, 21/02/2013).

Bounty Oil and Gas NL has encountered good oil shows and elevated gas in the Utopia 12 development well in Queensland. The good sands were found in the Murta Member of the Utopia oil field over a 9.4 metre interval. A suite of electric logs were run and initial analysis shows a net 5.8 metres of oil pay in good sand within the Murta zone. Further operations will involve the completion of the well for oil production through the Utopia facilities over the next few months. (Source: Bounty Oil and Gas announcement, 25/02/2013).

Beach Energy and joint venture partner Icon Energy are pleased to advise that the Halifax 1 unconventional well in ATP 855P is now flowing back gas at a constrained rate of 3.9 mmcfd. This flow rate has increased from the initial flow rate of 2.23 mmcfd reported on February 14, 2013. (Source: Beach Energy announcement, 06/03/2013).

Comet Ridge Limited has intersected 9.6 metres of net coal at the Turkey’s Nest 1 well at its ATP 337 Mahalo asset in Queensland’s Bowen Basin. Turkey’s Nest 1 is the second step-out core hole well to be drilled after the recent pilot production wells in the Mira field. (Source: Comet Ridge announcement, 05/03/2013).

Senex Energy and Orca Energy are pleased to report that Kingston Rule 1 in the southern Cooper Basin is flowing at 1.2 mmcfd on a constrained choke during cleanup operations. The well in PEL 115 was successfully fracture stimulated in four zones in the Patchawarra formation, with one additional zone in the Epsilon formation also stimulated. (Source:  Senex Energy announcement, 11/03/2013)
.
 


Permit Updates and Changes

New South Wales

In the Gunnedah Basin, PEL 12 has been renewed to 26/09/2016 with no reduction in area.

In the Clarence/Moreton Basin, PEL 13 has been renewed to 19/05/2018 with no reduction area.

In the Gunnedah Basin, PEL 238 has been renewed to 02/08/2016 with no reduction in area.

In the Sydney Basin, PEL 267 is in the process of being renewed over a reduced area.

In the Surat/Bowen Basin, PEL 427 was renewed to 20/05/2016.  The area reduction from 97 to 77 graticular blocks is currently being finalised.

In the Gunnedah Basin, PEL 433 was renewed to 13/05/2015.  The licence now covers a reduced area of 5,764 sq km.

In the Surat Basin, PEL 434 was renewed to 13/05/2016.  The licence now covers a reduced area of 4,338 sq km.

In the Sydney Basin, PEL 458 was renewed to 06/06/2016 with no reduction in area.

In the New England Fold Belt, PEL 459 was renewed to 08/07/2015.  The licence now covers a reduced area of 5,564 sq km.

In the Gunnedah Basin, PEL 464 was renewed to 22/10/2015.  The area reduction from 13 to 10 graticular blocks is currently being finalised.

In the Sydney Basin, PEL 469 was renewed to 30/04/2018 with no reduction in area.

In the Gunnedah Basin, PEL 470 was renewed to 30/04/2018 with no reduction in area.

Geothermal

In the Sydney Basin, EL 6212 expired on 03/03/2013 and now reverts to vacant acreage
.


Northern Territory

In the Browse Basin, production licence AC/L 9 has been converted to retention licence AC/RL 9. The licence was granted to Shell Development (Australia) P/L 82%, Nexus Energy WA P/L 15% and Osaka Gas Crux P/L 3% on 20/02/2013. The licence will expire on 19/02/2018.

In the Georgina Basin, the year 5 work programs for EP 103 and EP 104 have been extended by 12 months from 21/05/2013 to 20/05/2014. The licenses have had their expiry dates extended to 20/05/2014.

In the Amadeus Basin, the area of EP 82 has been reduced due to the grant of RL 3 and RL 4. EP 82 now covers 6,828 sq km.

In the Petrel Sub-basin, MEO Australia has transferred its interest in NT/P 79 to subsidiary Finniss Offshore Exploration P/L.

In the Petrel Sub-basin, NTC/P 10 was granted to Territory Oil & Gas P/L 100% on 08/03/2013. The licence will expire on 07/03/2019.

In the Amadeus Basin, RL 3 and RL 4 were granted to Helium Australia P/L 100% on 06/03/2013. The licenses will expire on 05/03/2018.


Queensland

In the Surat Basin, ATP 742P was granted to CH4 P/L 100% on 14/02/2013.  The licence will expire on 28/02/2017.

Also in the Surat Basin, ATP 746P is held by Arrow Energy P/L 100%.

In the Bowen Basin, ATP 749P was granted to CH4 P/L 100% on 14/02/2013.  The licence will expire on 28/02/2017.

In the Bowen Basin, ATP 751P is held by CH4 P/L 100%.

In the Eromanga Basin, Bengal completed the earning of its 30% interest in the Wompi Block of ATP 752P after the drilling of Cuisinier North 1.  Interests in the licence are now as follows:  Santos QNT 40%, Senex Energy 15%, Bengal Energy (Aust) 30%, Bow Energy 9% and Ocellaris Oil 6%.

In the Georgina Basin, ATP 909P was granted to Merlin Energy P/L 100% on 11/03/2013.  The licence will expire on 10/03/2017. As per its 06/11/2012 farmout agreement with Total SA, Central Petroleum/Merlin Energy will transfer some of its interest to Total SA shortly.  Overlapping applications ATP 907P and ATP 908P have been refused.

In the Eromanga Basin, ATP 911P was granted to Merlin Energy P/L 100% on 11/03/2013.  The licence will expire on 10/03/2017. As per its 06/11/2012 farmout agreement with Total SA, Central Petroleum/Merlin Energy will transfer some of its interest to Total SA shortly.

In the Georgina Basin, ATP 912P was granted to Merlin Energy P/L 100% on 11/03/2013.  The licence will expire on 10/03/2017. As per its 06/11/2012 farmout agreement with Total SA, Central Petroleum/Merlin Energy will transfer some of its interest to Total SA shortly.

In the Eromanga Basin, ATP 920P was granted on 11/02/2013.  The licence will expire on 28/02/2017.  The licence was granted to Canadian Coyote Energy Ltd (formerly Circumpacific Energy Corp) and will be transferred to Drillsearch Energy Ltd.  Overlapping applications ATP 918P, ATP 919P and ATP 921P were refused.

Also in the Eromanga Basin, ATP 924P was granted on 15/02/2013.  The licence will expire on 28/02/2017.  The licence was granted to Canadian Coyote Energy Ltd (formerly Circumpacific Energy Corp) and will be transferred to Drillsearch Energy Ltd.  Overlapping applications ATP 922P, ATP 923P and ATP 925P were refused.

In the Cooper Basin, ATP 932P was granted on 15/02/2013. The licence will expire on 28/02/2017. The licence was granted to Canadian Coyote Energy Ltd (formerly Circumpacific Energy Corp) and will be transferred to Drillsearch Energy Ltd.  Overlapping applications ATP 930P, ATP 931P and ATP 933P were refused.

In the Eromanga Basin, Exoma holds 100% of ATP 1127P, ATP 1130P, ATP 1137P and ATP 1150P CNOOC may earn 50% of the licences when granted.

In the Surat Basin, AGL has sold its 100% interest in PL 46 to Ranger Energy Ltd 50% and Kestrel Petroleum P/L 50%.

In the Eromanga Basin, PL 57 is in the process of being renewed.

In the Bowen Basin, AGL only holds an interest in ATP 1103P. It does not hold interests in either production licence application PL 222 nor PL 486 Interests in PL 222 and PL 486 are CH4 P/L 70%/Arrow CSG (ATP 364) P/L 30% and CH4 P/L 85%/Arrow CSG (ATP 364) P/L 15% respectively.

In the Surat Basin, PL 458 was granted on 18/02/2013 and will expire on 17/02/2043; PL 459 was granted on 14/02/2013 and will expire on 13/02/2043; and PL 461 was granted on 14/02/2013 and will expire on 13/02/2028.  As a result, ATP 676P now covers a reduced area of 976 sq km.

In the Surat Basin, Arrow Energy P/L has applied for potential commercial area PCA 128 over 135 sq km
.


South Australia

In the Cooper Basin, the PEL 100 work program has been extended by 4 months from 24/01/2013 to 23/05/2013. The licence has had its expiry date extended to 06/03/2016.

In the Cooper Basin, a temporary cessation of the suspension of licence dated 11/04/2012 has been applied to PEL 101 with effect from 07/01/2013. The licence is now due to expire on 29/10/2015.

In the Cooper Basin, the area of PEL 104 has been reduced due to the grant of PPL 242. PEL 104 now covers 519 sq km.

In the Cooper Basin, a temporary cessation of suspension of licence dated 11/09/2012 has been applied to PEL 114 with effect from 31/01/2013. The licence is now due to expire on 19/11/2013.

In the Arrowie, Pirie-Torrens and Eromanga Basins, PEL 132, PELA 131, PELA 133 and PELA 134 were withdrawn by President Petroleum on 20/02/2013.

In the Eucla Basin, the PEL 143 work program has been extended by 12 months from 15/02/2013 to 14/02/2014. The licence has had its expiry date extended to 15/05/2018.

In the Otway Basin, PEL 255 expired on 01/03/2013.

In the Stansbury Basin, PEL 423 was surrendered on 08/02/2013.

In the Eromanga Basin, the PEL 444 work program has been extended by 6 months from 11/01/2013 to 10/07/2013. The licence has had its expiry date extended to 11/07/2015.

In the Eromanga Basin, the PEL 570 work program has been extended by 12 months from 01/02/2013 to 31/01/2014. The licence has had its expiry date extended to 05/09/2018.

In the Cooper Basin, Senex Energy has acquired 25% in PPL 203 and 40% in PPL 213 and PPL 214 from Beach Energy.

In the Cooper Basin, PPL 242 was granted to Victoria Oil Exploration (1977) P/L 40%, Impress (Cooper Basin) P/L 25%, Permian Oil P/L 20% and Springfield Oil & Gas P/L 15% on 07/03/2013 for an indefinite term/life of field.

In the Cooper Basin, the area of PRL 15 has been reduced due to the grant of PPL 242. PRL 15 now covers 7 sq km.

In the Cooper Basin, the year 4 work program has been extended by 12 months from 28/01/2013 to 27/01/2014. The licence has had its expiry date extended to 27/01/2015.

In the Otway Basin, Adelaide Energy Ltd 100% has applied for PRLA 32 over 37 sq km.

Geothermal

In the Otway Basin, GEL 170, GEL 212 and GEL 484 were surrendered on 18/02/2013.

In the Otway Basin, GEL 223 was renewed to 23/07/2017. Work program is as follows -

Year 1: G&G studies
Year 2: G&G studies
Year 3: G&G studies
Year 4: 1 well
Year 5: G&G studies

In the Cooper Basin, the work program for GEL 269 has been extended by 12 months from 03/06/2012 to 02/06/2013. The licence has had its expiry date extended to 23/05/2015.

In the Cooper Basin, GEL 281 was renewed to 13/11/2017. Work program is as follows -

Year 1: G&G studies (in GEL 281 or 502)
Year 2: G&G studies (in GEL 281 or 502)
Year 3: 1 well (in GEL 281 or 502)
Year 4: G&G studies
Year 5: G&G studies

Sequestration

In the Eromanga Basin, Stuart Petroleum P/L has applied for 14 areas - GSELA 612- GSELA 625.


Tasmania

Offshore in the Bass Basin, T/44P was relinquished on 07/02/2013.

Onshore, SEL 3/2009 is in the process of being relinquished.


Victoria

Offshore in the Gippsland Basin, VIC/P 47 has had its year 4 work program varied.  Year 4 now consists of reappraisal of the gas resource for the Judith field and conceptual field development and well design ($0.2m).

Onshore, in the Gippsland Basin, PRL 2 has had its expiry date extended to 27/02/2018.  Current interests in the licence are: PetroTech/Lakes 85%, Beach 10% and Somerton Energy 5%.  Beach and Cooper Energy have not exercised their options to earn further equity by conducting work beyond stage 1.  Phase 1ThinClientded pending removal of the Victorian state government moratorium on fracture stimulation operations.

Geothermal

In the Otway Basin, Hot Rock Ltd will not seek renewal of GEP 7 and GEP 9 due to lower commercial prospectivity.


Western Australia

In the Canning Basin, the National Native Title Tribunal decided to approve 5/07-8 EP but that decision has since been appealed by the Kimberley Regional Economic Development Corporation. The grant of any permit will be delayed until the determination of the appeal.

In the Canning Basin, Green Rock Energy has executed a binding agreement with New Standard Energy for New Standard to acquire Green Rock’s 15% interest in EP 417 and 40% in SPA 2 AO
.

In the Canning Basin, EP 429 has expired and is not being renewed.

In the Perth Basin, the EP 430 work program is pending suspension.

In the Canning Basin, EP 443 has undergone a partial relinquishment and now covers a reduced area of 1,454 sq km.

In the Canning Basin, the year 2 work program for EP 472 has been extended by 24 months from 1/02/2013 to 31/01/2015. The licence has had its expiry date extended to 31/01/2019.

In the Canning Basin, the year 1 work program for EP 474 has been extended by 12 months from 1/02/2013 to 31/01/2014. The licence has had its expiry date extended to 31/01/2019.

In the Canning Basin, the year 1 work program for EP 477 has been extended by 24 months from 1/01/2013 to 31/12/2015. The licence has had its expiry date extended to 31/12/2018.

In the Officer Basin, 14/08-9 EP is now under application as STP-EPA-0001.

In the Officer Basin, 15/08-9 EP is now under application as STP-EPA-0002.

In the Amadeus Basin, 16/08-9 EP is now under application as STP-EPA-0003.

In the Amadeus Basin, 17/08-9 EP is now under application as STP-EPA-0004.

In the Amadeus Basin, 18/08-9 EP is now under application as STP-EPA-0005.

In the Canning Basin, 1/09-0 EP is now under application as STP-EPA-0006.

In the Canning Basin, 2/09-0 EP is now under application as STP-EPA-0007.

In the Officer Basin, 3/09-0 EP is now under application as STP-EPA-0008.

In the Officer Basin, 4/09-0 EP is now under application as STP-EPA-0009.

In the Canning Basin, 5/09-0 EP is now under application as STP-EPA-0010.

In the Bangemall Basin, STP-EPA-0012 is under application by Pangaea Resources P/L.

In the Perth Basin, STP-SPA-0006 is under application by Red Mountain Energy P/L.

In the Canning Basin, STP-SPA-0040 is under application by UIL Energy Ltd.

In the Officer Basin, Goshawk Energy (Officer Basin) P/L 100% has applied for STP-SPA-0047 over 18,051 sq km.

In the Kimberley Basin, Canning Petroleum P/L 100% has applied for STP-SPA-0048, STP-SPA-0049 and STP-SPA-0050 over 16,795 sq km, 16,518 sq km, and 16,330 sq km respectively.

In the Barrow Basin, TTP-EPA-0003 has been withdrawn.

In the Carnarvon and Dampier Basins, Apache Northwest P/L has transferred its interest in WA-202-P, WA-38-R and WA-47-R to Hydra Energy (WA) P/L.

In the Browse Basin, INPEX and Total have officially completed the procedures to transfer 6% of the Ichthys LNG project to Total. As a result of the transfer, the Ichthys project interests for WA-285-P, WA-50-L and WA-51-L are INPEX 66.07%, Total 30%, Tokyo Gas 1.575%, Osaka Gas 1.2%, Chubu Electric 0.735% and Toho Gas 0.42%.

In the Barrow Basin, WA-391-P was surrendered on 20/02/2013.

In the Carnarvon Basin, WA-392-P and WA-394-P are in the process of being renewed.

In the Browse Basin, CalEnergy Resources (Australia) Ltd has into farmed in to WA-424-P for 25%.

In the Dampier Basin, Apache Northwest P/L, Santos Offshore P/L and Harriet (Onyx) P/L have transferred their interests in WA-46-R to Hydra Energy (WA) P/L.

In the Carnarvon Basin, Repsol Exploracion SA has transferred its interest in WA-480-P to subsidiary Repsol Exploration Australia P/L.

In the Carnarvon Basin, production licenses WA-52-L and WA-53-L were granted on 13/02/2013 for an for an indefinite term/life of field. The gas interests are Woodside Energy Ltd 15.784% (operator), Shell Development (Australia) P/L 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 Ltd 5.3%. Oil interests are Woodside Energy Ltd 50% (operator), BHP Billiton Petroleum (Northwest Shelf) P/L 16.666%, Chevron Australia P/L 16.667% and Japan Australia LNG (MIMI) P/L 16.666%.


New Zealand

In the East Coast Basin, APP 52976 has had its application area varied and now covers a reduced area of 4,240 sq km.

In the Waikato Basin, PEP 50280 was surrendered on 07/03/2013.

In the Taranaki Basin, PEP 51155 has had its area extended and now covers 286 sq km.

In the Taranaki Basin, New Zealand Oil & Gas interest in PEP 51906 is held by subsidiary Australia & New Zealand Petroleum Ltd.

In the West Southland, PEP 52819 was surrendered on 22/02/2013.

In the Taranaki Basin, New Zealand Oil & Gas interest in PEP 53473 is held by subsidiary NZOG Offshore Ltd.

In the East Coast Basin, COPL New Zealand Limited has acquired 50% in PEP 53806. Marauder Resources will be the operator for the first year, after that COPL NZ will assume operatorship.


Papua New Guinea

In the Papuan Basin, Oil Search is in the process of withdrawing from PPL 239.

Also in the Papuan Basin, PPL 240 is in the process of being relinquished.

The transfer of a 40% interest in PPL 244 from Oil Search to Total SA has been done, subject to Ministerial approval.  Flinders 1 is due to spud shortly.

Oil Search has agreed to sell 10% of PPL 260 to Esso PNG Exploration, subject to Ministerial approval. Oil Search will lift its interest to 40%.

PPL 385 was granted to Oil Search Ltd 100% on 19/10/2012.  The licence will expire on 18/10/2018.

PPL 437 was granted to Kina Petroleum Ltd 80% and Wondecla Ltd 20% on 19/2/2013.  The licence will expire on 18/02/2019.  Work program for Years 1 & 2 is seismic reprocessing ($0.2m), 50 km seismic ($3m) and either a well ($20m) or an additional seismic commitment of $3m.

In the Papuan Basin, PRL 1 expired on 19/02/2013.


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