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October 2014


Monthly Update


The October 2014 GPinfo update is now available ...

2014 Cash Bid Areas

In order to participate in the cash bid auction on 05/02/2015, applicants must prequalify with the Joint Authority.  Prequalification is an assessment of the technical qualifications of the applicant advice ...

Industry Summary

AWE Ltd has increased the worth of its Senecio gas field in permits L1/L2 in the onshore Perth Basin with a discovery underlying the Senecio reservoir. The find, originally called Senecio Deep ...

Permit Updates and Changes

In the Browse Basin, AC 14-2, AC 14-3 and AC 14-4 closed on 02/10/2014 and are under consideration ...

 


Monthly Update

The October 2014 GPinfo update is now available.

Important note for users of Windows XP

In the coming months we will be releasing a new version of the GPinfo program that incorporates an upgrade to the licensing software.

The new version will not run under Windows XP. 

If you are still using Windows XP please send an email to let us know.


2014 Cash Bid Areas

In order to participate in the cash bid auction on 05/02/2015, applicants must prequalify with the Joint Authority.  Prequalification is an assessment of the technical qualifications of the applicant and the technical advice and financial resources available to the applicant.  Only eligible applicants will be invited to submit a cash bid.

All prequalification applications are treated as commercial-in-confidence and must be submitted electronically to cash.bidding@nopta.gov.au.

The Cash Bid Exploration Permit Guideline, which includes information about Foreign Investment Review Board requirements, the Cash Bid Prequalification Form and application fee details can all be found on the NOPTA website.

There are four areas available for cash bidding in 2014:  W 14-20, W 14-21, W 14-22 in the northern Carnarvon, and W 14-23 in the Browse.

Industry Summary

Company News

AWE Ltd
has increased the worth of its Senecio gas field in permits L1/L2 in the onshore Perth Basin with a discovery underlying the Senecio reservoir. The find, originally called Senecio Deep, but now named Waitsia, represents a new play with significant upside potential for the Perth Basin. After initial analysis of data from the Senecio 3 well, and the existing 3D seismic, AWE estimates that the Kingia/High Cliff sandstone intervals in the Waitsia field have gross contingent resources in the range from 65 bcf to 1170 bcf, with estimates for 2C resources of 290 bcf. The presence of a significant quantity of potentially moveable hydrocarbons at Waitsia is indicated by strong gas shows, petrophysical analysis, and pressure data. AWE believes the Waitsia field could represent the largest onshore conventional gas discovery in Western Australia since the Dongara gas field in the 1960s. (Source: AWE announcement, 18/09/2014).

The directors of Oil Basins Ltd advise that Oil Basins’ action against Backreef Oil P/L in the State Administrative Tribunal of Western Australia was heard on 18/09/2014. The action relates to a dispute over the ownership of the Derby Block in the Canning Basin and the payment of cash calls. Oil Basins is to make some further submissions by 24/09/2014 with Backreef given leave to reply by 01/10/2014. The matter will then go for decision as no further hearing is envisaged. (Source: Oil Basins announcement,18/09/2014).

Details have been released regarding a merger between Peak Oil & Gas and Octanex NL, with the companies entering into two schemes.  It is intended that Peak members will exchange their ordinary fully paid shares in the company in exchange for shares in Octanex.  A share scheme and an option scheme are open to the shareholders.  If the share scheme comes into effect, Peak will become a wholly owned subsidiary of Octanex and the members will have exchanged their shares for new Octanex shares. If the option scheme comes into effect, the unlisted options held by optionholders in Peak will be cancelled in exchange for new Octanex options. (Source: Peak Oil & Gas announcement, 19/09/2014).

The off-market takeover bid made by Drillsearch Energy Ltd for all the ordinary shares in Ambassador Oil & Gas Ltd closed on 22/09/2014.  Following the close of the offer, Drillsearch has a relevant interest in 99.16% of the shares of Ambassador and is therefore entitled to proceed with the compulsory acquisition of the remaining Ambassador shares. (Source: Drillsearch Energy announcement, 23/09/2014).

The Government of New South Wales has made a surprise announcement to extend its ban on gas exploration in the state by a further 12 months. The original freeze was announced for a 6 month period from 26/03/2014 to 26/09/2014. The extension means the ban holds until 26/09/2015. New South Wales Resources and Energy Minister Anthony Roberts explained that the extension of the ban would provide the Office of Coal Seam Gas more time to examine existing petroleum exploration licence applications and review the licence application process. APPEA said the announcement comes just a few days after the Federal Government released its Draft Energy White Paper that specifically flagged the need for urgent uplift in New South Wales gas production. APPEA added that New South Wales consumes about 25% of the gas used in eastern Australia, yet supplies just 1% of gas production for that market. Thus the state’s 1.3 million gas customers rely on interstate producers for 95% of their supply, despite the state’s possessing significant reserves and having experienced gas companies willing to develop and produce local gas for local consumers. Without new exploration and production in New South Wales, it will be very difficult to put downward pressure on the state’s gas prices, APPEA said. (Source: Oil & Gas Journal, 25/09/2014).

At a meeting held on 10/09/2014, Dart Energy shareholders voted in favour of the scheme of arrangement giving effect to the proposal by IGas Energy to acquire all of the ordinary shares in the company. On 30/09/2014, the Supreme Court of Queensland approved the scheme. Trading in Dart Energy shares will be suspended, following the lodging of the court orders with the Australian Securities and Investments Commission. New IGas shares are expected to be issued to Dart shareholders on 16/10/2014 while admission to trading on London’s AIM is expected the following day. (Source: Dart Energy announcement, 01/10/2014).

Nexus Energy has received an extension to satisfy the conditions precedent required for a Deed of Company Arrangement. The DOCA with Seven Group Holdings is regarded as the last option for remaining shareholders in the company if administrators from McGrathNicol are not to become the company’s liquidators. Nexus has until 31/10/2014 to satisfy the conditions of the DOCA and has engaged independent experts to prepare reports for the Australian Securities and Investments Commission and court consideration in relation to the deed. (Source: McGrathNicol announcement, 03/10/2014).

The takeover bid by Fosun International Ltd for all of the ordinary shares in Roc Oil Company Ltd has been extended to 14/11/2014. The Roc board has unanimously recommended that, in the absence of a superior proposal, all Roc shareholders should accept the offer. (Source: Roc Oil announcement, 08/10/2014).

Developments

INPEX has awarded Neptune Marine Services a $3.5 million, 40-month rig positioning and survey services contract for the Ichthys LNG Project, due to start in November 2014. Neptune will provide rig and tug positioning and anchor placement utilising the company’s proprietary NepSMART systems and long baseline subsea positioning.  In addition, its subsea stabilisation division was awarded two subcontracts last month by McDermott Australia for the Ichthys project. (Source: Energy News Bulletin, 06/10/2014).

Sembcorp Marine has won a $US190 million contract from Bechtel to fabricate LNG processing modules for the Chevron-led Wheatstone LNG Project in Western Australia. Work on the modules is expected to start in Indonesia from November 2014. While the project was not named by Sembcorp, Chevron has confirmed to Energy News Bulletin that the contract was for the Wheatstone LNG project. In addition, Keppel Nantong has started work on a submersible barge to be deployed in the Wheatstone project. The Giant 7 barge is being built for marine services company Smit Shipping alongside the Giant 5 and 6 barges, which are also destined for Wheatstone. Giant 7 is expected to be finished in the second half of 2015, while Giant 5 and 6 are slated for the end of 2014 and beginning of 2015 respectively. (Source: Energy News Bulletin, 24/09/2014 and 09/10/2014).

Monadelphous Group has won a $200 million extension to its 2009 awarded construction and maintenance contract for Chevron’s Gorgon LNG Project. The scope of services includes the operation and maintenance of water and wastewater treatment plants, power generation and distribution systems, as well as the management and maintenance of various buildings, vehicles, plant and equipment. The length of the contract extension, which will continue the employment of more than 200 people, was not revealed. The Gorgon project is targeting first LNG production in mid-2015. (Source: Energy News Bulletin, 13/10/2014).

The final two modules for the Santos operated Gladstone LNG Project processing units have arrived on Curtis Island, marking a key construction milestone. Built at Batangas in the Philippines, the modules make up the two trains that will convert natural gas into liquid. Santos GLNG vice president downstream Rod Duke said that the project was on track for first LNG next year. (Source: Energy News Bulletin, 26/09/2014).
 

Permit Updates and Changes

Northern Territory

In the Browse Basin, AC 14-2, AC 14-3 and AC 14-4 closed on 02/10/2014 and are under consideration.

In the Vulcan Sub Basin, AC/P 4 is being relinquished.

In the Vulcan Sub Basin, Apache Northwest P/L has elected not to exercise its option to farm-in to AC/P 50 and AC/P 51.

In the Bonaparte Basin, NT 13-1 was granted as NT/P 85 to Santos Offshore P/L (operator) 50% and Origin Energy Resources Ltd 50% on 09/10/2014. The licence will expire on 08/10/2020. Work program is as follows -

Year 1: geotechnical studies, 3D seismic acquisition planning $0.5m
Year 2: 1600 sq km 3D seismic $27m
Year 3: G&G studies $0.8m
Year 4: G&G studies $0.5m
Year 5: 1 well $35m
Year 6: G&G studies $0.5m


In the Bonaparte Basin, NT 14-1 and NT 14-2 closed on 02/10/2014 and are under consideration.

In the Timor Basin, NT 14-3 closed on 02/10/2014 and is under consideration.

In the Bonaparte Basin, NT/P 48 expired on 24/09/2014. The area reverts to vacant acreage.

In the Amadeus Basin, Santos has advised that it does not intend to proceed to Stage 2 of the North Mereenie portion of the Santos farm-in located in permit EP 115 NM.
 


Queensland

Two new gazettal areas in the Bowen Basin have been made available for application.  PLR 2014-2-1 and PLR 2014-2-2 were released on 03/10/2014 and will close on 29/01/2015.

In the Galilee and Eromanga Basins, Lakes Oil acquired 100% of EOIL P/L and its interests in ATP 642 and ATP 662 for $1 million plus $128,000 of costs incurred by EOIL to secure the permits to the date of sale agreement.

In the Eromanga Basin, ATP 661 has had its expiry date extended to 31/05/2019.  Work program is as follows:

Year 1: G&G studies, seismic planning
Year 2: 17 km 2D seismic
Year 3: 36 km 2D seismic, G&G studies
Year 4: 1 well
(17/5/2013 to 31/5/2017 extended to 31/05/2019)

In the Bowen Basin, ATP 759 has had its expiry date extended to 31/10/2018.

In the Eromanga Basin, ATP 765 has had its expiry date extended to 30/11/2019.  Work program is as follows:

Year 1: G&G (including geochemical fingerprinting)
Year 2: 50 km 2D seismic
Year 3: G&G studies
Year 4: 1 well to 1000m
(21/11/2013 to 20/11/2017 extended to 30/11/2019)

Also in the Eromanga Basin, ATP 783 has had its expiry date extended to 08/05/2019.  Work program is as follows:

Year 1: 150 deep upholes, 500 km seismic reprocessing, stratigraphic studies
Year 2: 60 sq km 3D seismic or 200 km 2D seismic
Year 3: 1 well to 30m below basement
Year 4: 1 well to 30m below basement
(09/05/2013 to 08/05/2017 extended to 08/05/2019)

In the Surat/Bowen Basin, ATP 795 has had its expiry date extended to 31/10/2019.  Work program is as follows:

Years 1-4: G&G review, assessment/selection of drilling location, 1 CSG well to 350m
(01/11/2013 to 31/10/2017 extended to 31/10/2019)

In the Eromanga Basin, ATP 917 has had its expiry date extended to 30/06/2019.  Work program is as follows:

Year 1: 1000 km seismic reprocessing, 500 km 2D seismic, 200 sq km 3D seismic, G&G studies
Year 2: 4 wells to 2600m
Year 3: 3 wells to 2600m
|Year 4: G&G studies
(26/06/2013 to 30/06/2017 extended to 30/06/2019)

Also in the Eromanga Basin, ATP 927 has had its expiry date extended to 30/09/2019.  Work program is as follows:

Year 1: 1000 km seismic reprocessing, 500 km 2D seismic, 100 sq km 3D seismic, G&G
Year 2: 4 wells to 2200m
Year 3: 3 wells to 2200m
Year 4: G&G studies
(01/10/2013 to 30/09/2017 extended to 30/09/2019)

In the Carpentaria Basin, ATP 1087 has had is expiry date extended to31/12/2018 (under amendments to P&G Act 2004).  Work program is as follows:

Year 1: 4 wells (2 with 1000m laterals), 40 km seismic
Year 2: 12 wells (4 with 2000m laterals), 130 km seismic
Year 3: 12 wells (4 with 2000m laterals), 110 km seismic
Year 4: 10 wells (4 with 2000m laterals), 30 km seismic
(19/12/2012 to 31/12/2016 extended to 31/12/2018)

In the Bowen Basin, ATP 1101 has had its expiry date extended to 30/11/2018.  Work program is as follows:

Year 1: G&G studies
Year 2: G&G studies, 200 km 2D seismic, 1 well to 4000m
Year 3: G&G studies, 300 km 2D seismic, 2 wells to 4000m
Year 4: G&G studies, 1 well to 4000m
(28/11/2012 to 30/11/2016 extended to 30/11/2018)

Also in the Bowen Basin, ATP 1103 has had its expiry date extended to 31/12/2018.  Work program is as follows:

Year 1: production testing, 1 CSG well to 150m-800m
Year 2: production testing,4 well pilot to 150m-800m
Year 3: production testing, 4 well pilot to 150m-800m
Year 4: production testing, 1 CSG well to 150m-800m
(31/12/2013 to 31/12/2017 extended to 31/12/2018)

In the Bowen Basin, potential commercial applications PCA 122, PCA 123 and PCA 124 were withdrawn.

In the Bowen Basin, potential commercial area PCA 141 was granted on 15/09/2014.  The licence will expire on 14/09/2029.

In the Eromanga Basin, PL 51 was renewed to 27/06/2032.

In the Surat Basin, PL 53 was renewed to 12/12/2021.

In the Cooper Basin, PL 55 was renewed to 12/06/2023.

In the Bowen Basin, PL 420 and PL 440 were granted on 16/09/2014.  The licences will expire on 15/09/2044.  As a result of the grant of these two production licences, ATP 653 now covers a reduced area of 130 sq km.

In the Cooper Basin PL 109 was renewed as PL 495.  PL 495 was granted on 30/09/2014. The licence will expire on 29/09/2024.

Also in the Cooper Basin PL 107 was renewed as PL 496.  PL 496 was granted on 30/09/2014. The licence will expire on 29/09/2024.

In the Cooper Basin, the Santos-led consortium has applied for production licence PL 509 over the Cocinero discovery.

In the Surat Basin, an application for PL 510 was lodged no 26/09/2014 as replacement tenure for PL 171.

Onshore gazettal areas PLR 2014-1-1, PLR 2014-1-2, PLR 2014-1-3, PLR 2014-1-4, PLR 2014-1-5 and PLR 2014-1-6 closed on 29/09/2014 and are under consideration.



South Australia

In the Cooper Basin, PEL 106 expired on 08/10/2014.

In the Cooper Basin, the suspension of licence dated 26/03/2014 for PEL 182 has temporarily ceased. The licence is now due to expire on 16/05/2016.

In the Murray Basin, PEL 558 has been relinquished with effect from 11/08/2014.

In the Cooper Basin, PEL 630 was granted to Bridgeport Energy Ltd 100% on 09/09/2014. The licence will expire on 08/09/2019.  Work program is as follows –

Year 1: 300 sq km 3D seismic, 200 km seismic reprocessing
Year 2: 400 sq km passive-transient electromagnetic survey, G&G studies
Year 3: 4 wells
Year 4: 100 km 2D seismic, G&G studies
Year 5: 4 wells

In the Cooper Basin, PEL 632 expired on 08/10/2014.

In the Gawler Block, ARP TriEnergy P/L 100% has applied for PELA 649.

In the Cooper Basin, PPL 252 was granted to Santos Ltd 100% on 01/09/2014 for an indefinite term/life of field.

In the Cooper Basin, PPL 257 was granted to Beach Energy Ltd 50% (operator) and Great Artesian Oil & Gas P/L 50% on 19/09/2014 for an indefinite term/life of field.

In the Cooper Basin, PRL 129 and PRL 130 were granted to Beach Energy Ltd 50% (operator) and Great Artesian Oil & Gas P/L 50% on 08/10/2014. The licenses will expire on 07/10/2019.

In the Cooper Basin, PRL 131, PRL 132, PRL 133 and PRL 134 were granted to Santos QNT P/L 60% (operator) and Great Artesian Oil & Gas P/L 40% on 08/10/2014. The licenses will expire on 07/10/2019.

In the Cooper Basin, PRL 28 now covers a reduced area of 5.8 sq km following the grant of PPL 252.

In the Cooper Basin, Beach Energy Ltd 40% (operator) and Great Artesian Oil & Gas P/L 60% have applied for PRLA 151 to PRLA 172 over PEL 91.

In the Cooper Basin, Acer Energy Ltd 80% and Mid-Continent Equipment (Australia) 20% have applied for PRLA 173 and PRLA 174 over PEL 101.

Geothermal

In the Arrowie Basin, GEL 128, GEL 206 and GEL 557 are in the process of being relinquished.

Sequestration

In the Cooper Basin, Beach Energy Ltd 15% (operator), Great Artesian Oil & Gas P/L 45%, Drillsearch Energy 30% and Rawson Resources 10% have applied for GSELA 645.

In the Cooper Basin, Beach Energy Ltd 50% (operator) and Great Artesian Oil & Gas P/L 50% have applied for GSELA 646.

In the Cooper Basin, by Beach Energy Ltd 40% (operator) and Great Artesian Oil & Gas P/L 60% have applied for GSELA 648.



Tasmania

In the Sorrell Basin, T 12-2 was not granted and now reverts to vacant acreage.

In the Otway Basin, T/30P was renewed to 18/09/2019 over a reduced area of 716 sq km.  Work program is as follows:

Year 1: 530 sq km 3D seismic reprocessing, geotechnical studies $1.795m
Year 2: geotechnical studies $1m
Year 3: 1 exploration well $35m
Year 4: geotechnical studies $1m
Year 5: geotechnical studies $1m



Victoria

Offshore in the Gippsland Basin, VIC/P 41 has been granted a six month suspension to its Year 3 work program.  The permit has had its expiry date extended to 28/05/2014.

Also in the Gippsland Basin, VIC/P 54 has had Year 5 of its work program varied to - 0.45 sq km seismic inversion processing, prospect model building and analysis, G&G studies $0.5m.

Onshore, in the Otway Basin, the transfer of 100% of PEP 167 and PEP 175 from Bass Strait to Lakes Oil has received regulatory approval and Lakes has paid the remaining funds to Bass Strait Oil.

In the Gippsland Basin, PEP 170 has had its expiry date extended to 13/10/2018.

Sequestration Gazettal Closing 27/11/2014

On 29/08/2014 the Minister for Industry, the Hon Ian Macfarlane MP, gazetted acreage for applications for Greenhouse Gas assessment permits.  The 2014 Greenhouse Gas Storage Acreage Release will enable further exploration of prospective sites for potential storage formations.

The release comprises three areas in the Gippsland Basin, offshore Victoria, which are available for work program bidding.  Applications for greenhouse gas storage assessment permits are now invited from interested stakeholders.

Detailed information on the 2014 Greenhouse Gas Storage Acreage Release, including guidelines, is available on the
Department of Industry website, or by email to
ghg.acreage@industry.gov.au.
 


Western Australia

In the Rowley Sub Basin, W 12-7 was granted as WA-505-P to Apache Northwest P/L 100% on 09/10/2014. The licence will expire on 08/10/2020. Work program is as follows –

Year 1: 393 sq km 3D seismic, geotechnical studies $8m
Year 2: process 393 sq km 3D seismic to PSDM, geotechnical studies $0.7m
Year 3: geotechnical studies $0.5m
Year 4: geotechnical studies $0.2m
Year 5: 1 well $20m
Year 6: geotechnical studies $0.2m

W 14-2, W 14-3, W 14-4, W 14-5, W 14-7, W 14-14, W 14-15, W 14-16 and re-released areas W 13-8, W 13-15, W 13-16, W 13-17, W 13-19 and W 13-20 closed on 02/10/2014 and are under consideration.

In the Barrow Basin, WA-10-L and WA-11-L have been renewed to 01/09/2035.

In the Browse Basin, a retention lease application for the Argus location WA-274-P LA was lodged with NOPTA on 11/09/2014.

In the Browse Basin, WA-344-P was relinquished on 11/09/2014.

In the Carnarvon Basin, an application to suspend the work program and extend the licence date for WA-346-P has been lodged with NOPTA and a decision is pending. Retention lease applications for the Jupiter WA-346-P LJ, North Scarborough WA-346-P LS and Thebe WA-346-P LT locations were lodged with NOPTA on 18/09/2014.

In the Bremer Basin, WA-379-P and WA-380-P were cancelled on 19/09/2014.

In the Bonaparte Basin, WA-402-P expired on 11/07/2014. The area reverts to vacant acreage.

In the Carnarvon Basin, Apache has given notice of its decision to withdraw from WA-409-P with effect from the last day of the current permit year. At present this is 29/01/2015.  However, the Joint Venture has applied for an extension of the current permit year for 3 months. If this is granted, the permit year will expire on 29/04/2015.

In the Carnarvon Basin, WA-412-P has been renewed to 09/09/2019 over a reduced area of 325 sq km. Work program is as follows –

Year 1: G&G studies, 80 sq km 3D seismic $0.8m
Year 2: G&G studies, 240 sq km reprocessed seismic $0.35m
Year 3: G&G studies $0.15m
Year 4: G&G studies, 1 well $30.1m
Year 5: G&G studies $0.1m

In the Carnarvon Basin, the year 6 work program for WA-418-P has been extended by 12 months from 30/10/2014 to 29/10/2015. The licence has had its expiry date extended to 29/10/2015.

In the Carnarvon Basin, the year 6 work program for WA-439-P is now - 207 sq km 3D seismic $1m.

In the Bonaparte Basin, WA-440-P and WA-441-P were relinquished with effect from 31/08/2014.

In the Canning Basin, WA-443-P was relinquished on 03/10/2014.

In the Rowley Sub-Basin, the year 2 work program for WA-464-P has been extended by 9 months from 08/08/2014 to 07/08/2015. The licence has had its expiry date extended to 07/08/2019.

In the Canning Basin, the year 4 work program for EP 417 has been extended by 12 months from 31/12/2014 to 31/12/2015.  The licence has had its expiry date extended to 31/12/2016.

In the Canning Basin, New Standard Energy has negotiated with its Southern Canning Joint Venture partners ConocoPhillips and PetroChina to resume 100% ownership in the Southern Canning Project permits EP 443, EP 450, EP 451, EP 456, STP-EPA-6, STP-EPA-7 and STP-EPA-10. Furthermore, New Standard has commenced a formal process to farm-out its 100%-owned Southern Canning Laurel Project EP 417 and the Merlinleigh Project EP 481 and EP 482.

In the Carnarvon Basin, EP 444 and EP 466 are being relinquished.

In the Canning Basin, Oil Basins is seeking resolution of the ownership of EP 487 and has commenced legal action at the WA State Administrative Tribunal to effectively attain 100%. The hearing was on 18/09/2014 and is proceeding by additional submissions without a further hearing expected.

Geothermal

In the Perth Basin, GEP 23, GEP 24, GEP 25, GEP 26, GEP 27, GEP 28 and GEP 41 were relinquished on 26/09/2014.
 


New Zealand

14ECT-R1, 14GSC-R1, 14NCD-R1, 14PEG-R1, 14RNL-R1, 14TAR-R1, 14TAR-R2 and 14WEC-R1 closed on 25/09/2014 and are under consideration.

In the Reinga Basin, application APP 56377 has been varied and now covers a reduced area of 136,477 sq km.

In the Taranaki Basin, Greymouth Petroleum Taranaki Ltd 50% and Greymouth Petroleum 2008 Ltd 50% have applied for APP 56979.

In the Great South Basin, Schlumberger Seaco Inc has applied for APP 57031.

In the Great South Basin, PTTEP New Zealand Ltd has withdrawn from PEP 50119. Interests are now Shell GSB Ltd 60.98% (operator), OMV New Zealand Ltd 21.95% and Mitsui E&P Australia P/L 17.07%.

In the Taranaki Basin, PEP 52593 was relinquished with effect from 30/09/2014.

In the Taranaki Basin, PEP 53473 has been relinquished back to New Zealand Petroleum & Minerals after the partners opted not to commit to drilling a well with effect from 19/09/2014.

In the Taranaki Basin, Woodside Energy Holdings P/L has transferred its interest in PEP 55793 to Woodside Energy (New Zealand) Ltd.

In the Great South Basin, Woodside Energy Holdings P/L has transferred its interest in PEP 55794 to Woodside Energy (New Zealand 55794) Ltd.


Papua New Guinea

PPL 234
is being renewed over a reduced area.  Full details are yet to be advised.

Kina will seek to farm out its interest in PPL 340 during the second quarter of 2014.

Oil Search (PNG) Ltd has acquired 100% of PPL 402 from Strike Oil (PNG) Ltd subject to government approvals.

 


For more information please contact GPinfo support on +61 2 9475 3500 or e-mail to info@gpinfo.com.au.

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