The September 2011 data update is now available ...
New Seismic Data Layers
The September update includes 2 new data layers supplied to us by Searcher Seismic ...
Senex Energy Ltd is pleased to announce the farm-out of two Copper Basin exploration licenses to Ambassador Exploration P/L. Senex is farming out a 60% interest in PEL 516 Mudlalee Block ...
Permit Updates and Changes
This month Potential Commercial Areas (PCAs) have been added to GPinfo. This is a significant new data set and includes over 100 new areas ...
September 2011 data update is now available.
This data release includes a new file of seismic data. If an error message referring to this data is displayed on start-up of your GPinfo session immediately following installation of the September data you will need to re-set your permissions for the GPinfo data. Click here for more information.
The September update includes 2 new data layers supplied to us by Searcher Seismic.
The layers are in a new group called OVERLAYS -
Searcher Seismic 2D contains a stick-map of over 175,000 km of 2D seismic.
Searcher Seismic 3D contains polygons representing more than 60,000 sq km of 3D seismic, including the hiQbe® Regional Velocity Cube over the Carnarvon and Canning Basins.
Please note the following -
In other Senex news, they have announced their farm-in with Planet Gas Ltd to application PELA 514 in the Cooper Basin, South Australia. Senex will assume operatorship of the entire permit and earn a 50% interest in the Northern Area of PELA 514 and a 70% interest in the Southern Area. Under the agreement, Senex will fund 100% of the costs of 2 wells to earn 50% in the Northern Area. Furthermore, Senex will fund 100% of a third well to earn 70% in the Southern Area. The licence is currently proceeding through the Native Titles process and is expected to be granted by the end of 2011. (Source: Senex Energy Ltd announcement 19/08/2011, Planet Gas announcement 19/08/2011).
Empire Oil & Gas NL has executed a conditional farm-in with Origin Energy Developments P/L for the farm-in of two exploration permits located in the North Perth Basin. Under the agreement, Origin will earn a 40% interest in EP 368 and EP 426 from Empire, ERM Gas and Allied Oil & Gas in return for paying 80% of the costs of a 100 sq km 3D seismic survey over the 2 permits. Norwest Energy will retain their 20% interest and contribute 20% of the 3D seismic survey costs. Once board approvals are received interests for EP 368 will be Empire Oil & Gas NL 40%, Norwest Energy NL 20% and Origin Energy Developments P/L 40%. Interests for EP 426 will be Empire Oil & Gas NL 21.11%, ERM Power Ltd 13.89%, Norwest Energy NL 20%, Allied Oil & Gas plc 5% and Origin Energy Developments P/L 40%. (Source: Energy News Premium 19/08/2011, Empire Oil & Gas announcement 18/08/2011).
Shell Exploration New Zealand has announced they will farm-in to Great South Basin permits PEP 50119 and PEP 50120. Subject to approval, Shell will earn 50% interest in the permits with OMV New Zealand Ltd’s interest reducing to 18%, PTTEP New Zealand Ltd reducing to 18% and Mitsui E&P Australia P/L to 14%. OMV will remain operator of the permits until the end of the seismic acquisition program early next year, and then Shell will become operator of both permits. (Source: Energy News Premium 17/08/2011).
Bow Energy Ltd advises that it has received an indicative non-binding and conditional proposal from Arrow Energy Holdings P/L for the acquisition of all of the issued capital in Bow Energy from Bow Energy shareholders for cash consideration of $1.48 per share. (Source: Bow Energy announcement 22/08/2011).
Santos Ltd have announced today that Transfield Services are the preferred contractor for an estimated $100 million per annum contract to provide construction and maintenance services in the Cooper and Eromanga Basins in central Australia. The contract is for five years and may be extended by Santos for three one-year extensions, subject to a number of conditions. (Source: Transfield Services announcement 29/08/2011).
Havilah Resources NL has reached an agreement to acquire all Geothermal Resources Ltd ordinary shares by way of an off-market takeover offer. Havilah currently holds a 58.68% stake in Geothermal Resources and are offering one of their ordinary shares for every four Geothermal ordinary shares. The binding takeover bid implementation agreement is subject to a number of conditions including a 90% minimum acceptance condition. (Source: Havilah Resources NL announcement 26/08/2011, Energy News Premium 26/08/2011).
Apache Corporation has entered into a farm-out agreement with Tag Oil Ltd to earn up to 50% working interest in Tag’s East Coast Basin exploration permits PEP 38348, PEP 38349 and PEP 50940. The agreement will be carried out in phases over the next four years with each phase including an aggressive program of 2D and 3D seismic and drilling with Apache earning an increasing interest in the permits. In Phase 1, Apache will earn 50% interest in 5,120 acres of the permits after operations are conducted and by committing to Phase 2. In Phase 2, they will earn a 25% interest in the permits after operations are conducted and by committing to Phase 3. Phase 3 will see Apache earning a 50% interest in the permits after operations are conducted and by committing to Phase 4 operations. (Source: Tag Oil announcement 02/09/2011).
Beach Energy has secured the Ensign 65 and Ensign 16 drilling rigs for its 2012 appraisal program in ATP 855P and PEL 218. The 2012 program for these rigs will focus on horizontal and vertical wells targeting its unconventional gas play in the Nappamerri Trough of the Cooper Basin. The program is designed to test the significant potential of the unconventional basin centred gas play that Beach believes is a thick, continuous, multi-lithology gas accumulation across PEL 218 and potentially ATP 855P. Drilling is expected no later than June 2012. (Source: Energy News Premium 29/08/2011).
Senex Energy Ltd is to resume operations at its Growler field in the Cooper Basin after floods had left the field unreachable. The Ensign 48 rig and the Ensign 5 rig have been secured to allow for continuous drilling over the coming months. As soon as access is regained to the Growler field Senex plans to drill 5 development wells in PRL 15 and 6 wells in PEL 104, targeting a record production of over 700,000 barrels. (Source: Energy News Premium 22/08/2011).
Beach Energy Ltd has reached an agreement with Senex Energy Ltd to tie in the Growler field to the Lycium oil field and to build a trunkline from Lycium to Moomba. The flowline from Growler to Lycium will have an initial capacity of approximately 8,000 barrels of oil per day. The equity interests for this section of the flowline will be Beach 40% and Senex 60%. The trunkline from Lycium to Moomba is expected to transport about 15,000 barrels of oil per day with Beach holding 60% interest and Senex 40%. The construction and commissioning of the flowlines is expected to be completed by June 2012, while the construction of the main trunkline is subject to approval from the South Australian Cooper Basin joint venture. (Source: Beach Energy announcement 19/08/2011, Energy News Premium 19/08/2011).
Senex Energy Ltd has secured an agreement with Santos Ltd for the pipeline transportation of crude oil from the Snatcher oil field in PEL 111 in the Cooper Basin to the Tirrawarra oil and gas field, and then to Moomba. Under the agreement, the joint venture will upgrade its planned 4" diameter Charo to Tirrawarra pipeline to a 6" diameter pipeline capable of transporting oil at an initial rate of 4,800 barrels per day. A new flowline will be constructed to connect the Snatcher and Charo oil field. Construction of the Snatcher flowline and tie-in as well as the Charo to Tirrawarra trunkline is scheduled to be completed by March 2012. (Source: Senex Energy Ltd announcement 24/08/2011, Energy News Premium 24/08/2011).
Chevron Australia moves one step closer to a final investment decision before the end of the year after the State Government granted environmental approval for the $25 billion Wheatstone LNG project. WA Environment Minister Bill Marmion approved the Wheatstone project subject to 25 conditions covering the protection of marine fauna, including whales, turtles and dugongs. The Federal Government will also need to give its tick of approval before development can begin. (Source: Energy News Premium 31/08/2011).
Apache Energy has received environmental approval for the development of the Julimar and Brunello gas fields located in WA-356-P of the Carnarvon Basin, Western Australia. The development will feed natural gas to the Wheatstone LNG project offshore Australia. Apache expects to make a final investment decision on the first phase of the project later this year. (Source: Energy News Premium 08/09/2011).
New Zealand Energy Corporation has produced 1,100 barrels of oil per day during the testing of the Copper Moki 1 exploration well in PEP 51150, located in the Taranaki Basin New Zealand. The oil was flowed from the Mt. Messenger formation over a 48 hour period, an additional 855 thousand cubic feet of natural gas per day was also produced. Pressure recorders have been run for an extended build up and the well will be placed on an extended production test to determine the reservoir size and flow conditions. (Source: New Zealand Energy Corp announcement 24/08/2011, Energy News Premium 25/08/2011).
Greymouth Petroleum’s re-entry of the Onaero 1 well in PEP 38746 Taranaki Basin New Zealand has proved to be a success. Onaero 1 flowed at choked back rates of more than 1 million cubic feet of gas per day and 40 barrels per day of condensate per million cubic feet of gas. The well was originally drilled in 1980 and struck hydrocarbons in what was believed to be a 10.5 metre thick column in the Eocene-aged McKee Formation sands. Greymouth’s re-entry of Onaero 1 involved deviating the original well to access a greater section of the targeted Eocene-aged reservoir. (Source: Energy News Premium 30/08/2011).
Beach Energy and Cooper Energy have announced that the Germein 1 exploration well in PEL 92, located in the Cooper Basin SA, has made a new oil field discovery. Wireline logs have confirmed that Germein 1 intersected a 2.5m net oil column in the Namur Sandstone formation. The well is being cased and suspended for future oil production into the Butlers facility. (Source: Cooper Energy announcement 06/09/2011, Beach Energy announcement 07/09/2011).
Potential Commercial Areas
New South Wales
Papua New Guinea
In the North New Guinea Basin, the expiry date for PPL 337 and PPL 340 is 02/09/2015.
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© 2011 Pitney Bowes Business Insight