October 2016 GPinfo Update


Data Update

 

The October 2016 data update is now available …

 

Proprietary seismic layers Estimages Regional Velocities and TGS 3D have been updated from source data supplied to us by Estimages and TGS ...

 

Guideline Consultation: Short-term Petroleum Titles

 

The National Offshore Petroleum Titles Administrator, together with the Offshore Resources Branch in the Department of Industry, Innovation and Science, are pleased to invite comments on the updated …

 

Industry Summary

 

AWE Ltd, operator of the Waitsia natural gas field project, has released an independent report that certifies the 2P reserves are sufficient to supply 100 TJ/d of gas for up to 10 years

 

Beach Energy Ltd is pleased to advise that the Kangaroo 1 exploration well has intersected a 20m gross oil column in the Birkhead Formation. A drill stem test over the Birkhead Formation recovered 41.6 bbls

 

Permit Updates and Changes

 

Part cancellations have been granted to a number of NSW permits due to legislative amendment - Schedule 3. Formerly, under the Petroleum Act, National Parks were excluded by lease condition …

 

V 15-2 was granted as VIC/P 71 to Llanberis Energy P/L 100% on 10/10/2016. The licence will expire on 09/10/2022. Work program is as follows – Years 1-3: G&G studies, 550 sq km 3D seismic, interpret …


 

The October 2016 GPinfo data update is now available.


Updated Seismic

Proprietary seismic layers Estimages Regional Velocities and TGS 3D have been updated from source data supplied to us by Estimages and TGS.

Both layers can be found in the OVERLAYS group which is a sub-group of SEISMIC in the Map Manager.

 

 

The National Offshore Petroleum Titles Administrator, together with the Offshore Resources Branch in the Department of Industry, Innovation and Science, are pleased to invite comments on the updated ‘Special Prospecting Authorities, Access Authorities (AA) & Scientific Investigation Consents (SIC): A guideline in relation to the Offshore Petroleum and Greenhouse Gas Storage Act 2006’.

 

Consultation is open now and submissions will be welcomed from Tuesday, 27/09/2016 until Tuesday, 25/10/2016. The draft guideline can be accessed through the Department’s consultation hub at https://consult.industry.gov.au/.

 

The guideline update is part of a broader process of reviewing existing offshore petroleum guidelines to ensure clear guidance to stakeholders. (Source: Australian Petroleum News, September 2016).

 

Industry Summary                                       

 

Company News

 

AWE Ltd, operator of the Waitsia natural gas field project, has released an independent report that certifies the 2P reserves are sufficient to supply 100 TJ/d of gas for up to 10 years. RISC Operations P/L has estimated the Waitsia field contains 2P reserves of 460 bcf of gas, a figure that is 34% higher than AWE’s estimate of 344 bcf in June. The new estimates have been limited to the Kingia and High Cliff Sandstone reservoirs. They do not include gas in the Dongara and Wagina formations, the Irwin River Coal measures, or in the associated Senecio, Synaphea, and Irwin fields. AWE says RISC’s report not only certifies current reserves, but confirms that the Waitsia field has significant upside potential. Although pleased with RISC’s findings, AWE has decided to retain its June reserves estimate on its books until after completing further seismic studies, more appraisal drilling, and flow testing and analysis. (Source: AWE announcement, 20/09/2016).

 

InterOil shareholders have overwhelmingly voted to approve the takeover by ExxonMobil. More than 80% of shares backed the offer, which comes with an immediate payment and a follow-up payment once the results of the Antelope 7 well are known and the resources are certified. (Source: Energy News Premium, 22/09/2016).

 

MEO Australia Ltd advises that it intends to relaunch the company as Melbana Energy Ltd and concurrently amend its ASX ticker to MAY.  The proposed changes ae subject to shareholder approval.  (Source: MEO Australia announcement, 28/09/2016).

 

Quadrant Energy has signed up Neptune Marine Services to perform inspection services around its various North West Shelf assets.  Perth-based Neptune said the contract, which kicked off in late June, involved the provision of staff for routine inspection services as part of the statutory compliance programs on Quadrant’s Varanus Island, Devil Creek gas plant, Stage platform and Ningaloo Vision floating production storage and offloading vessel, which form the bulk of Quadrant’s production hubs.  (Source: Energy New Bulletin, 28/09/2016).

 

Comet Ridge has announced an equity raising of up to approximately $2 million comprising: a placement of 20 million new shares to raise $1 million and a 1-for-25 non-renounceable entitlement offer via the issue of up to approximately 21 million shares to raise up to approximately $1.05 million. (Source: Comet Ridge announcement, 30/09/2016).

 

Dark Horse Resources Ltd is pleased to advise that the company has executed documentation with ASX-listed Lakes Oil NL to give effect to the following:  a $400,000 investment by Dark Horse for 40,000 Lakes Oil Converting Notes of $10 each and the acquisition by Lakes Oil of a 4% equity interest in NAVGAS P/L from Dark Horse for a consideration of $400,000.  (Source: Dark Horse Resources announcement, 03/10/2016).

 

Lakes Oil NL is pleased to announce that the Company has undertaken and agreed to expand its activities beyond Victoria with the execution of a Heads of Agreement to acquire Queensland and South Australian petroleum exploration acreage that has excellent potential for future production of gas, condensate and/or oil.  The new exploration acreage will complement Lakes Oil’s existing petroleum exploration acreage in Victoria and Queensland and will add promising acreage in South Australia.  In view of the Victorian Government’s adverse decisions to prohibit onshore exploration activity in Victoria, this will be the principal focus of Lakes Oil’s exploration effort over coming years, failing a softening of the Victorian Government’s position on onshore gas exploration in Victoria.  The Queensland and South Australian acreage to be acquired by Lakes Oil is presently held by NAVGAS, a subsidiary of ASX-listed Dark Horse Resources Limited (92.78%) and two individuals (3.22% total).  This, together with Lakes Oil’s existing 4% ownership, acquired on 03/10/2016, will give Lakes Oil 100% of the exploration acreage.  NAVGAS holds six PELAs in South Australia (PELAs 577, 578, 579, 601, 602 and 631) and one licence (ATP 1183) on the Roma Shelf, Queensland.  As consideration for acquiring the remaining 96% of shares in NAVGAS, Lakes Oil will, subject to shareholder approval, issue 9600 million shares each credited as fully paid in the amount of $0.001 per share. (Source:  Lakes Oil NL announcement, 06/10/2016).

 

Cooper Energy announces that the heads of agreement with O-I Australia announced on 03/08/2016 for the sale of gas from the Sole gas field has been translated into a binding gas sales agreement between the parties. Under the agreement, Cooper Energy will supply 1 PJ of gas per annum from Sole to O-I Australia for 8 years. The agreement is subject to an affirmative final investment decision (FID) for the development of the Sole gas project. It is expected that the FID will be made in the December quarter 2016 and first gas supply from Sole will occur in the March quarter of 2019. (Source: Cooper Energy announcement, 11/10/2016).

 

BP has decided to abandon its planned $600 million exploration drilling program in the Great Australian Bight (GAB) off South Australia. The decision follows a review of BP’s upstream strategy earlier this year, which included focussing exploration on opportunities that were likely to create value in the near to medium term. Clair Fitzpatrick, BP’s managing director for exploration and production in Australia, added that the decision is not a result of a change in BP’s view of prospectivity in the region, nor of the ongoing regulatory process that is run by the independent Australian regulator, NOPSEMA. Rather it is an outcome of the company’s strategy and the relative competitiveness of the GAB in its portfolio. (Source: Oil & Gas Journal, 11/10/2016).

 


 

Developments

 

Armour’s first load of crude oil has been collected by crude oil road tanker (approximately 333 bbls) at Armour’s Emu Apple oil field near Roma in South West Queensland.  Armour started oil production on 17/08/2016, and the field is currently producing at a steady rate of 42 bopd.  Operating cost per barrel of oil, including transportation cost to the refiner is $21.50 per bbl.  (Source:  Armour Energy announcement, 23/09/2016).

 

After 10 months of trying to get the environmental approvals for its game-changing Prelude FLNG project, Shell has again been granted more time to modify its plans by the National Offshore Petroleum Safety and Environmental Management Authority.  The EP covers arrival of the floating LNG vessel on-site, offshore works, hook-up and commissioning, start-up and the operations phase.  The EP covers the FLNG facility itself, installation vessels and support vessels contracted for the offshore works and the HUC activities, tug boats pulling the FLNG into Australian waters, and the support, supply and in-field vessels required during the operation phase of the facility.  (Source:  Energy News Premium, 04/10/2016).

 

INPEX has awarded Amec Foster Wheeler a consultancy contract for the Ichthys LNG project to ensure the operations and maintenance goes more smoothly than the lawfare-laden construction phase has. Ichthys is already expected to start about nine months late, and about 10% over the original US$34 billion budget, having experienced problems with sub-contracted work, including construction of the power plant, which led to a contractual dispute between UGL and its US-based joint venture partner, CH2M Hill.  Yet despite the ongoing legal tussles, commissioning for Ichthys is in full swing.  The central processing facility and the floating production, storage and offloading facilities started up their main power generator last month in the South Korean shipyards where they are being constructed.  (Source:  Energy News Bulletin, 04/10/2016).

 

Northern Oil & Gas Australia has resubmitted its environmental plan for the Northern Endeavour floating production storage and offloading facility.  The Company took over the facility from Woodside Petroleum earlier this year, and is acting under a prohibition notice after it attempted to change its oil spill plan.  Its first EP was rejected in September.  The FPSO produces oil from the Laminaria-Corallina fields in the Timor Sea.  (Source:  Energy News Bulletin, 06/10/2016).

 

Data analytics, vibration sensors and improvements to compressors at the Pluto LNG facility helped lift its annualized loaded LNG production rate equivalent by 14% during the first half of 2016.  Woodside’s first half report revealed Pluto LNG was now producing at a rate of 4.9 mtpa, a 14% rise on the 4.3 mtpa average annual production capacity the company anticipated when it made its final investment decision on the project in 2007. The production rate increase helped Pluto deliver 36 LNG cargoes during the half, with Woodside’s share of production increasing to 19.7 mmbbls of oil equivalent.  (Source:  Energy News Bulletin, 05/10/2016).

 

The Australia Australia Pacific LNG (APLNG) has brought its second production train on stream on Curtis Island near Gladstone in Queensland. This marks the final major construction milestone in the group’s 8-year coal seam gas-to-LNG project in Queensland supplied by fields in the Surat and Bowen Basins. Some 200 TJ/day of gas are available for the two-train facility via a 530 km transmission pipeline from the fields to Curtis Island. The second train has already produced 150,000 cubic metres of LNG, sufficient for its first shipment. APLNG’s Chief Executive Officer Page Maxson said the group is working with key customers in Australia and overseas to help meet their energy needs. (Source: Oil & Gas Journal, 10/10/2016).


 

Discoveries

 

Beach Energy Ltd is pleased to advise that the Kangaroo 1 exploration well has intersected a 20m gross oil column in the Birkhead Formation. A drill stem test over the Birkhead Formation recovered 41.6 bbls of approximately 52 degree API oil from the drill sting following a 3.13 hour flow period. There were no indications of formation water from the DST. The flow rate can be calculated as 320 bopd. The well will be cased and suspended as a future oil producer. The discovery could be brought into production by Q3 FY17. (Source: Beach Energy announcement, 10/10/2016).

 

The Quadrant Energy-operated Roc 2 appraisal well, drilled offshore Western Australia, has recovered condensate-rich gas samples from several zones. A full suite of wireline logs has been run resulting in the interpretation of a 30m net reservoir and 60m of gross gas and condensate charged sands intersected. There also has been excellent quality reservoir of 100-350 md permeability calculated from downhole sampling rates. A forward plan is in place to flow test the well. The Company expects to be in a position to report on the well testing results in around two weeks. (Source: Carnarvon Petroleum announcement, 23/09/2016 & 04/10/2016).

 Permit Changes                                                                

 

New South Wales

 

 

Part cancellations have been granted to a number of NSW permits due to legislative amendment - Schedule 3.  Formerly, under the Petroleum Act, National Parks were excluded by lease condition. The legislation was amended so that these excluded features have to be manually cropped from the title shape itself. There is no actual reduction in the area of the title, just in the way it is displayed.  Titles affected include:  PEL 1, PEL 6, PEL 12, PEL 238, PEL 285, PEL 427, PEL 428, PEL 433, PEL 444, PEL 450, PEL 452, PEL 456, PEL 461 and PEL 462.

Northern Territory

 

Ashmore Platform

The year 2 work program for AC/P 45 has been extended by 12 months from 26/08/2016 to 25/08/2017. The expiry date remains 25/08/2019. A change to the work program has been approved –

Year 2: 900 sq km 3D PSDM seismic reprocessing, G&G, seismic interpretation, 360 sq km seismic data inversion $1.75m

Daly Basin

EP 167 has undergone a partial relinquishment and now covers 10668 sq km.

Ngalia Basin

EP 166 has been relinquished.

Petrel Sub Basin

NT/RL 1 is being renewed.

Queensland

 

Bowen Basin

ATP 2012 replaces the area of ATP 526 which was being renewed. ATP 2012 was granted on 28/09/2016 and will expire on 31/10/2020. The remainder of ATP 526 will be relinquished once PL 1017 is granted.

 

PL 54 has been renewed to 31/10/2019.

 

PL 67 has been renewed to 31/10/2019.

Cooper Basin

ATP 944 has undergone a partial relinquishment and now covers a reduced area of 1847 sq km.

Eromanga Basin

ATP 1063 was granted to Santos QNT P/L 100% on 20/09/2016.  The licence will expire on 30/09/2028. Competing application ATP 1064 has been refused.

 

ATP 1174 was granted to Santos QNT P/L 100% on 20/09/2016.  The licence will expire on 30/09/2028. Overlapping application ATP 1175 has been refused.

Surat Basin

QGC P/L has been appointed operator of ATP 647 FO.

 

Lakes Oil NL has reached agreement to acquire NAVGAS P/L from Dark Horse Resources.  NAVGAS has a 100% interest in ATP 1183.  The deal is subject to shareholder approval.

 

Bridgeport Energy (QLD) P/L 100% has applied for potential commercial area PCA 156 over the Rookwood discovery.

 

PL 42 has been renewed to 31/10/2019.

 

Australia Pacific LNG (CSG) P/L 100% has applied for PL 1018 over the Riley field.

 

PL 1019 is an application for a replacement tenure over PPL 309.

 

PL 1020 is an application for a replacement tenure over PPL 310.

South Australia

 

Arrowie Basin

Lakes Oil is to acquire 100% interest in PELA 577 and PELA 578 through the acquisition of NAVGAS P/L.

Ceduna Basin

S 15-1 was granted as EPP 46 to Karoon Gas Browse Basin P/L on 06/10/2016. The licence will expire on 05/10/2022. Work program is as follows -

Years 1-3: 5000 km 2D seismic, 5000 km 2D gravity, magnetic & bathymetric survey, 5000 km 2D PreSDM seismic, 550 km 2D seismic reprocessing, 2500 sq km 3D seismic, 2500 sq km 3D gravity, magnetic & bathymetric survey, 2500 sq km 3D PreSDM seismic, geotechnical studies $25.8m
Year 4: well planning $1.5m
Year 5: 1 well $115m
Year 6: geotechnical studies $1m

Cooper Basin

PEL 638 has been suspended from 09/11/2016 to 02/05/2017. The licence has had its expiry date extended to 02/05/2017.

 

PPL 75, PPL 76 and PPL 77 are being renewed.

 

PRL 183 – PRL 190 have been suspended from 03/11/2016 to 02/11/2017. The licenses have had their expiry dates extended to 02/11/2021.

Eromanga Basin

Terra Nova Energy Ltd has entered into an agreement with Perseville Investing Inc to acquire a 30.833% working interest in PEL 112 and PEL 444, and a 1.47% ORR on the PELs. In consideration for the purchase, Terra Nova will issue to Perseville 40 million shares at $0.05 per share. The transaction is subject to shareholder and TSX venture exchange approval.

 

Lakes Oil is to acquire 100% interest in PELA 579 through the acquisition of NAVGAS P/L

Pirie-Torrens Basin

Lakes Oil is to acquire 100% interest in PELA 631 through the acquisition of NAVGAS P/L

Stuart Shelf

Lakes Oil is to acquire 100% interest in PELA 601 and PELA 602 through the acquisition of NAVGAS P/L.

Tasmania

 

Tasmania Basin

J.A. & J.R. Bishop 100% have applied for geothermal licence EL 15/2016.

Victoria

 

Gippsland Basin

Bass Strait Oil Company Ltd and Oil Basins Ltd lodged a request to surrender VIC/P 41 with NOPTA on 07/10/2016.

 

NOPTA did not approve a variation to VIC/P 68.

 

VIC/P 70 has had year 2 of the work program varied and suspended for 18 months to 04/05/2018. The permit term has been extended by 18 months to 04/05/2022. Work program is as follows -

Year 1: 2D/3D seismic interpretation, studies $0.4m
Year 2: studies, prospects & leads, gas market & Capex studies, well planning, PSDM reproc 2053 sq km 3D seismic $3.4m
Year 3: 2 wells $80m
Year 4: studies, G&G $0.8m
Year 5: 1 well $50m
Year 6: post well studies $0.1m

 

V 15-2 was granted as VIC/P 71 to Llanberis Energy P/L 100% on 10/10/2016. The licence will expire on 09/10/2022. Work program is as follows –

Years 1-3: G&G studies, 550 sq km 3D seismic, interpret seismic, G&G & engineering studies $9.5m
Year 4: 1 exploration well, G&G studies $20.5m
Year 5: G&G & engineering studies, 1200 sq km 3D seismic $16m
Year 6: 1 exploration well, G&G & engineering studies $25.3m

Otway Basin

VIC/P 43 was renewed to 28/09/2021 over a reduced area. Work program is as follows -

Years 1-3: G&G studies, 200 sq km 3D PSDM reprocessing $2.3m
Year 4: 1 exploration well $35m
Year 5: G&G studies $0.5m

 

NOPTA did not approve an application to suspend and extend VIC/P 67.  The expiry date of the licence is 03/08/2019.

 

PEP 166 has had a 12 month extension approved and will now expire on 02/10/2017.

 

An extension application is pending on PEP 169.

Western Australia

 

Barrow Sub Basin

JX Nippon O&G Exploration (Australia) P/L has agreed to transfer an 8.25% interest to Quadrant Northwest P/L and a 6.75% interest to Santos Offshore P/L in WA-290-P and WA-49-R. Quadrant now holds 38.50% and Santos holds 31.5%.

 

WA-41-R is being renewed.

Beagle Basin

WA-465-P and WA-467-P were relinquished on 27/09/2016.

Bonaparte Basin

A suspension and extension for WA-420-P was lodged with NOPTA on 12/09/2016.

Browse Basin

The Burnside location application over WA-281-P was lodged with NOPTA on 23/09/2016. A change to the work program has also been approved -

Year 4: G&G studies $0.3m
Year 5: 1 well $30m

 

Locations were declared over Northern Poseidon WA-315-P LN and Western Poseidon WA-315-P LW on 08/09/2016.

 

The year 3 work program for WA-371-P has been extended by 12 months from 18/07/2016 to 17/07/2017. The licence has had its expiry date extended to 17/07/2019. A change to the work program has also been approved –

Year 3: geotechnical studies, licence 64 sq km 3D broadband seismic, geotechnical studies $0.95m

 

A suspension and extension for WA-377-P was lodged with NOPTA on 21/09/2016.

 

Locations were declared over Southern Poseidon WA-398-P LS and Torosa Extension WA-398-P LT on 08/09/2016.

Canning Basin

EP 448 was relinquished on 16/09/2016.

 

EP 476 was relinquished on 23/09/2016.

 

The year 2 work program for EP 487 has been suspended for 12 months from 13/12/2016 to 13/12/2017. The licence will expire 13/12/2021.

 

SPA 20 AO was granted to Gulliver Productions P/L on 06/10/2016. The acreage expires 05/10/2017.

 

Application STP-SPA-65 has been varied and now covers a reduced area of 3100 sq km.

Carnarvon Basin

R 3 is being renewed.

 

Location WA-205-P LS was declared over Sappho Extension on 10/10/2016.

 

WA-253-P expired on 29/09/2016. The area reverts to vacant acreage.

 

WA-409-P has been renewed to 12/10/2021 over a reduced area of 325 sq km. Work program is as follows –

Years 1-3: 325 sq km 3D seismic reprocessing, geotechnical studies, well planning $2m
Year 4: 1 well $50m
Year 5: geotechnical studies $0.25m

Further, Cue Energy Resources Ltd, through its 100% subsidiary Cue Exploration P/L, has executed agreements with BP Developments Australia P/L to acquire 80% and operatorship of WA-409-P. BP will fund 100% of the work program required under the permit for the first three years of the licence renewal. BP also has an option through to May 2017 to acquire 42.5% in WA-359-P from Cue.

 

A retention lease application was lodged over the Sappho Location WA-392-P LS on 07/10/2016.

 

WA-478-P was relinquished on 15/09/2016.

 

W15-8 was granted as WA-524-P to Carnarvon Petroleum Ltd on 09/09/2016. The licence will expire on 08/09/2022. Work program is as follows -

Years 1-3: 250 sq km 3D broadband PreSDM reprocessing, remapping on 3D dataset, fault seal analysis, 680 sq km 3D seismic, well petrophysics, studies $3.4m
Year 4: rock physics & quantitative interpretation scoping study $0.3.m
Year 5: well planning $1m
Year 6: 1 well $25m

Dampier Basin

A change to the WA-330-P work program has been approved –

Year 3: 150 sq km 3D seismic reprocessing, geotechnical studies, 228 sq km 3D seismic $4.3m
Year 4: geotechnical studies $0.5m
Year 5: 1 well $25m

 

The year 5 work program for WA-448-P has been extended by 6 months from 10/11/2016 to 09/05/2017. The licence has had its expiry date extended to 09/05/2018.

 

The years 3 and 4 work program for WA-452-P have been extended by 12 months to 29/11/2017. The licence has had its expiry date extended to 29/11/2019. A change to the work program has been approved –

Year 3: licence 641 sq km 3D PSDM seismic $7.9m

 

The years 2 and 3 work program for WA-458-P have been extended by 24 months to 06/07/2017, the year 4 work program has been extended by 12 months to 06/07/2017 and the licence has had its expiry date extended to 06/07/2019.

Perth Basin

UIL Energy Ltd has entered into a letter of intent with Bombora Natural Energy P/L to earn a 70% interest and the right to operate four graticular blocks in EP 447 (Walyering project area) by funding $2.5m for a maximum 100 sq km 3D seismic survey. Subject to permitting and planning approvals, acquisition of the 3D seismic data is scheduled for Q2 2017.

 

Norwest Energy NL has entered into agreements with Triangle Energy and Transerv Energy to farm in to TP/15. Under the agreements, Triangle will earn a 30% working interest in TP/15 by contributing 40% of the well costs and Transerv Energy will earn 15% by contributing 20% of the well costs. The farm-out is expected to be completed by 31/12/2016.

Petrel Sub Basin

A suspension and extension for WA-407-P was lodged with NOPTA on 19/09/2016.

 

The year 5 work program for WA-459-P has been extended by 12 months from 08/11/2016 to 07/11/2017. The licence has had its expiry date extended to 07/11/2018. Further, the Fishburn location application was lodged with NOPTA on 23/09/2016.

 

WA-6-R is being renewed.

Roebuck Basin

The year 6 work program for WA-435-P has been extended by 12 months from 04/08/2017 to 03/08/2018. The licence expiry date has been extended to 03/08/2018. A change to the work program has been approved –

Year 6: 3043 sq km 3D seismic, 1234 sq km MC3D seismic, 510 sq km 3D PSDM reprocessing, studies, licence 694 sq km 3D & 461 km 2D seismic $25.3m

 

The year 6 work program for WA-436-P has been extended by 12 months from 04/08/2017 to 03/08/2018. The licence expiry date has been extended to 03/08/2018. A change to the work program has been approved –

Year 6: 2170 km 2D seismic, 2255 sq km 3D seismic, 3 well fluid inclusion stratigraphy analysis, G&G, licence 485 km 2D seismic $13.9m

 

The year 6 work program for WA-437-P has been extended by 12 months from 04/08/2017 to 03/08/2018. The licence expiry date has been extended to 03/08/2018. A change to the work program has been approved –

Year 6: 2 wells, 590 sq km PSDM 3D seismic reprocessing, 2065 sq km 3D seismic, 1460 km 2D seismic, studies $194.9m

 

The year 6 work program for WA-438-P has been extended by 12 months from 04/08/2017 to 03/08/2018. The licence expiry date has been extended to 03/08/2018. A change to the work program has been approved –

Year 6: 4875 km 2D seismic, 4 well fluid inclusion stratigraphy, G&G, licence 564 sq km 3D seismic $7.2m

Rowley Sub Basin

The years 2, 3, and 4 work program for WA-479-P have been extended by 12 months to 12/08/2017. The expiry date remains 12/08/2018.

New Zealand

 

 

The Minister of Energy and Resources, Hon Simon Bridges, has opened consultation with iwi and hapū on Block Offer 2017. Consultation with local authorities will begin on 17/10/2016 and end on 18/11/2016.

Consultation will take place on two proposed onshore block areas, one proposed onshore/nearshore block area and four proposed offshore block areas, covering a total area of around 508,691 square kilometres. Once consultation is complete, New Zealand Petroleum and Minerals will provide advice to the Minister who will decide the final blocks to be released for tender in March next year. For more information visit http://www.nzpam.govt.nz/cms.

Canterbury Basin

PEP 52717 has been renewed to 09/10/2027. Work program as follows -

60 months: studies
92 months: 1 well
104 months: post-well studies
120 months: 1 well
174 months: 1 well

Great South Basin

PEP 55792 was relinquished on 09/09/2016.

Reinga Basin

PEP 55781 and PEP 57057 are being relinquished.

Taranaki Basin

PEP 51149 was relinquished on 06/10/2016.

 

Extension of land application PEP 51152 EX has been varied and now covers a reduced area of 15 sq km.

 

PEP 54865 was relinquished on 08/09/2016.

 

Extension of land application PEP 57065 EX has been withdrawn.

 

PMP 38148 has undergone a partial relinquishment and now covers 89 sq km.

 

Westside New Zealand Ltd has acquired PMP 38151 from Origin Energy Resources NZ (Rimu) Ltd.

 

                                                                                                                                   

To unsubscribe click here.

For more information please contact GPinfo support on +61 2 9475 3500 or by e-mail.

Pitney Bowes Software Pty Ltd, Level 1, 68 Waterloo Road, Macquarie Park NSW 2113, Australia.

Pitney Bowes Software Pty Ltd is a wholly-owned subsidiary of Pitney Bowes Inc. Pitney Bowes, the Corporate logo, and GPinfo are registered trademarks of Pitney Bowes Inc. or a subsidiary. All other trademarks are the property of their respective owners.

©
2016 Pitney Bowes Software Pty Ltd. All rights reserved.