September 2012

Monthly Update
The September 2012 data update is now available ...

Data Changes
We have introduced a new well symbol to the Wells database in this month's data release.  The symbol + which already exists in the GPinfo symbol library is used to denote the location of wells that are no longer in progress but for which the Result is Unknown ...

Industry Summary
Advent Energy Ltd has entered into a land access and data sharing agreement with Beach Energy Ltd. Advent will allow Beach to acquire airborne gravity and aeromagnetic data, and the resultant sharing ...

Permit Updates and Changes
Offshore in the Sydney Basin, PEP 11 has been renewed to 12/08/2017 over a reduced area of 4,576 sq km.  Work program is as follows - Year 1: 2000k 2D seismic reprocessing, geotechnical studies ...

 


Monthly Update


Data Changes

New Well Symbol

We have introduced a new well symbol
to the Wells database in this month's data release.  The symbol + which already exists in the GPinfo symbol library is used to denote the location of wells that are no longer in progress but for which the Result is Unknown.

The new symbol is used in the situation where the Rig Release Date is known but the well Result is still unknown, possibly because the well is suspended or undergoing additional testing.   

The PlotSymbol value for the new symbol is 04.



PlotSymbol 04 Result Unknown for Iago 5

Previously it was our convention to show a Dry Hole symbol (PlotSymbol 16) where the well had completed but the result was unknown, or a Currently Drilling symbol (PlotSymbol 02) where the well had completed but testing was ongoing.  These representations were less than ideal and in some cases misleading.

If you are able to assist in providing some of the missing details, we would be very pleased to hear from you.

We welcome your feedback on this topic or on any other aspect of the GPinfo data. 

Farmin Pending

This month we have omitted the Farmin Available flag from the Permits database and included instead Farmin Pending. This flag is set where a farmin has been agreed but the farminee is yet to satisfy the terms of the farmin agreement so the interest is not yet earned.  Where a farmin is pending, a brief explanation is included in the Comments field.

The correct display of the Farmin Pending flag requires a modification to the structure of your GPinfo configuration file.  This should happen automatically the first time you start a GPinfo session after the September data update has been installed. However, if necessary you can force GPinfo to apply the required structural changes by selecting View > Options > Updates and clicking on the Update GPinfo system layers now button.


Industry Summary

Company News

Advent Energy Ltd has entered into a land access and data sharing agreement with Beach Energy Ltd. Advent will allow Beach to acquire airborne gravity and aeromagnetic data, and the resultant sharing of that data, over a large part of the Bonaparte Basin. The shared data includes Adventís 100% owned EP 386 and RL 1. (Source: MEC Resources announcement, 20/08/2012).

Ambassador Oil & Gas Ltd have announced the gas-in-place contained in coal seams in exploration permit PEL 570 in South Australiaís Cooper basin has doubled to more than 13 trillion cubic feet based on a detailed study. Further findings show that the tight rocks and deep basin gas potential in the permit is over 8 trillion cubic feet in place, in addition to the coal seam gas. This takes the unconventional gas in place in PEL 570 to over 20 trillion cubic feet. (Source: Ambassador Oil & Gas Ltd announcement, 15/08/2012 & 28/08/2012).

Cooper Energy is pleased to report that it will acquire just over 56 million ordinary shares in Bass Strait Oil Company Ltd through a private placement, bringing its total holding in Bass to 16.7%. Additionally, Cooper could participate in a pro-rata rights issue to take up its holding to 19.9%. (Source: Cooper Energy announcement, 13/08/2012).

Drillsearch Energy is pleased to announce significant increases in the Companyís Reserves & Resources in the Cooper Basin following the completion of the latest independent audit review. Proved and Probable (2P) reserves have increased
by 47% and now stand at 12.5 million barrels of oil equivalent, from Western Flank Oil Discoveries. The 2C Contingent Resources have increased by 284% to 10.5 million barrels of oil equivalent from Wet Gas Discoveries. (Source: Drillsearch Energy announcement, 27/08/2012).

Empire Oil & Gas NL has announced there may be as much as 24 trillion cubic feet of undiscovered unconventional resources in exploration permit EP 389, located in the current Red Gully development, after an independent study was conducted. RPS Energy Services has estimated that the undiscovered gas-in-place is between 40 and 140 billion cubic feet per square kilometre within the permit. Taking into account considerations of the increased cost of drilling below 5,000 metres and areas of potential low volumes, Empire believes that that a total undiscovered gas-in-place volume of 24 trillion cubic feet is present in the Lower Cattamarra Coal Measures. (Source: Energy News Premium, 13/08/2012).

MEC Resources has advised that it may be sitting on a resource of 356 billion cubic feet of gas in conventional reservoirs in EP 386 in the Bonaparte Basin. Through a collaboration between Advent Resources and Lan Nguyen of Tranvinh Resources, taking into account reprocessed 2D seismic and existing well logs and data, MEC was able to provide the upgrade. It says the permit holds recoverable gas of 355.9Bcf, with a low side of 53.3Bcf and a high case of 1.3 trillion cubic feet. Advent is now assessing near term commercialisation options for the conventional resource. (Source: Energy News Premium, 05/09/2012).


Shell Development (Australia) P/L and Chevron Australia P/L have entered into a binding agreement for the exchange of Chevronís 16.7% interest in the East Browse titles and 20% interest in the West Browse titles for Shellís 33.3% interest in the WA-205-P and WA-42-R blocks. In addition to the assets exchanged, a further cash payment from Shell to Chevron of US$450 million has been agreed. Upon closing, Shell will hold 35% interest in the West Browse titles and 25% interest in the East Browse titles. The transaction is subject to government and regulatory approvals. (Source: Shell announcement, 20/08/2012, Chevron announcement, 20/08/2012).

Developments

Wood Group PSN has been awarded a $10 million contract to build the computerised maintenance management system (CMMS) for Shellís Prelude Liquefied Natural Gas facility off the coast of Western Australia. The CMMS will be designed to optimise the maintenance, reliability and productivity of the Prelude FLNG facility and equip Shell with the data, reporting tools and strategies to execute asset maintenance and inspection plans. (Source: Wood Group PSN announcement, 14/08/2012).

Origin Energy has announced that the second unit at its Mortlake Power Station in Victoria has completed final commissioning, signalling the formal completion of the 550 MW development. Mortlake is the largest gas-fired power station in Victoria and represents an investment by Origin of $810 million, including the associated pipeline. The Mortlake Power Station development included the construction of an 83km underground natural gas transmission pipeline. Mortlake is powered by natural gas sourced from Originís gas reserves in the Port Campbell area and processed at the Otway Gas Plant. (Source: Origin Energy announcement, 21/08/2012).

TAG Oil Ltd has announced plans to upgrade its onshore Taranaki Cheal field infrastructure early next year to ensure maximum value is achieved from the field. TAG aims to overcome constrained Cheal production by the infrastructure enhancements that would bring onstream behind-pipe production and new discoveries making TAG completely self-sufficient for oil and gas production, processing and marketing
from present and future successful wells. (Source: TAG Oil announcement, 14/08/2012, Energy News Premium, 15/08/2012).

A second condensate recovery project involving Horizon Oil and Talisman Energy located in Papua New Guineaís Western Province will be economic according to Kina Petroleum. Kina Petroleum said the PRL 21 mean pressure contingent estimates were 54.1 million barrels of liquid (condensate), 932 billion cubic feet of gas for 209 barrels of oil equivalents. A number of options are being reviewed by the operator, Horizon Oil (Papua) Limited, including the possibility of a midscale LNG project. (Source: Kina Petroleum announcement, 27/08/2012, PNG Industry News, 27/08/2012).

Buru Energy Ltd has advised a possible 15,000 barrel per day production facility near an export terminal on Western Australiaís northwest coast will be built as part of Buruís vision for the Ungani oil field. Buru said a full field development of the Ungani oil field would include a modular production facility with an eye toward potential export. The exact location of the production facility will depend on the timing of the construction of necessary export infrastructure, including storage tanks, load out, and taking into account tanker capacity.  Buru told the market that the field has been on test for three months, with Ungani 1 and 2 producing 11,166bbl during August. (Source: Energy News Premium, 04/09/2012).

Discoveries

Beach Energy and Drillsearch Energy Ltd have had success as the Western Flank Oil Field Development Program continues, with the completion of the Bauer 6 and Bauer 8 wells. Success at Bauer 6 has confirmed that the Bauer oil field extends to the North West, wireline logs have confirmed 9 metres of net pay in the Namur and a potential 4 metres of pay in the McKinlay subject to future testing. Bauer 8 has confirmed the extension of the field further north, intersecting 10 metres of high quality Namur net oil pay over an 18 metre gross interval. Both wells will be cased and suspended as future oil producers. Furthermore, Beach Energy estimates that the Bauer oil field has more than 10 million barrels of recoverable oil. (Source: Drillsearch Energy Ltd announcement, 20/08/2012, 30/08/2012 & 05/09/2012).

Cooper Energy Ltd is pleased to report the success of the Butlers 5 oil well in PEL 92 on the Western Flank of the Cooper Basin. Butlers 5 was drilled to a total depth of 1,360 metres and intersected an 8 metre gross oil column in the Namur Sandstone. The well will be cased and suspended for completion as a Namur oil producer and will be linked into the Butlers production facilities. (Source: Cooper Energy announcement, 10/09/2012).

Senex Energyís Snatcher 7 development well in the Cooper Basin South Australia has been cased and suspended as a future oil producer. Snatcher 7 intersected a 13.9 metre oil column with an interpreted net oil pay of 7.5 metres. (Source: Senex Energy announcement, 12/09/2012).

Norwest Energy and its partners have flowed oil from the Kockatea shale formation at Arrowsmith 2 in the Perth Basin. It carried out fracture stimulation on the fifth zone with flowback starting almost immediately after it had been carried out. It was during the flowback that oil was observed. The well was shut in after 10 hours of flowback, as the operator did not have the sufficient equipment onsite to store the potential quantities of oil which could be flowed back. Norwest plans to continue the flowback of the zone as soon as it secures said equipment. (Source: Energy News Premium, 03/09/2012)
.
 


Permit Updates and Changes

New South Wales

Offshore in the Sydney Basin, PEP 11 has been renewed to 12/08/2017 over a reduced area of 4,576 sq km.  Work program is as follows -

Year 1: 2000k 2D seismic reprocessing, geotechnical studies
Year 2: 200k 2D seismic, geotechnical studies
Year 3: geotechnical studies
Year 4: 1 exploration well
Year 5: 500k 3D seismic

In the Clarence/Moreton Basin, the renewals of PEL 13 and PEL 16 have been offered.

In the Surat Basin, PEL 428 is in the process of being renewed.

ERM Gas has completed the farm-in transactions with Red Sky Energy and Clarence Moreton Resources following the satisfaction of a number of conditions.  The transfer to ERM Gas of the following interests is underway:  35% interest in PEL 478,  30% of PEL 479 and 30% of PEL 457.  ERM Gas will take over as operator.

In the Sydney Basin, PEL 461 is in the process of being renewed.

Renewals have been offered on PEL 468 and PEL 470 in the Gunnedah Basin and on PEL 469 in the Sydney Basin.

In the Surat Basin, PEL 475 is in the process of being renewed.

In the Clarence/Moreton Basin, production licence PPLA 9 has been offered to Metgasco Ltd.

Also in the Clarence/Moreton Basin, special prospecting authority PSPAPP 47 has been refused as the work program did not meet minimum standards.

Application areas have been varied on PSPAPP 57 and PSPAPP 60.

Geothermal

Geothermal licences EL 7384, EL 7385, EL 7386 and EL 7387 expired on 18/08/2012.

 


Northern Territory

In the Petrel Sub Basin, EP 135 was granted to Territory Oil & Gas P/L on 23/08/2012. The licence will expire 22/08/2017.

In the Beetaloo Basin, EP 136 and EP 143 were granted to Sweetpea Petroleum P/L 50% (operator) and Paltar Petroleum Ltd 50% on 28/08/2012. The licenses will expire 27/08/2017.

In the Bonaparte Basin, EP 138 was granted to Territory Oil & Gas P/L on 23/08/2012. The licence will expire 22/08/2017.

In the McArthur Basin, EP 162 and EP 189 were granted to Tamboran Resources P/L on 21/08/2012. The licenses will expire 20/08/2017.

In the Georgina Basin, EP 222 was granted to Wiso Oil P/L on 22/08/2012. The licence will expire 21/08/2017.

In the Victoria River and Ord Basins, EP 231, EP 234 and EP 237 were granted to Paltar Petroleum Ltd on 05/09/2012. The licenses will expire 04/09/2017.

EP(A) 167, EP(A) 168, EP(A) 169 and EP(A) 198 are under application by Pangaea (NT) P/L.

In the McArthur Basin, applications EP(A) 240 and EP(A) 244 have been varied and now cover 11,217 sq km and 6,173 sq km respectively.

In the Money Shoal Basin, NT 11-1 was granted as NT/P 83 to Tangiers Petroleum Ltd on 13/08/2012. The licence will expire 12/08/2018. Work program is as follows -

Year 1: geotechnical studies, 500k 2D seismic $0.75m
Year 2: geotechnical studies, prospect & leads development $0.5m
Year 3: geotechnical studies, 100k 3D seismic $0.75m
Year 4: geotechnical studies $0.5m
Year 5: 1 well $18m
Year 6: geotechnical studies $0.5m

Geothermal

In the McArthur Basin, Geodynamics Ltd and Gulkula Mining Company P/L have signed a Heads of Agreement to enter into a 50/50 Joint Venture to investigate the potential for a direct heat geothermal project within GEP 28310. Geodynamics is operator of the JV.


Queensland

This month we have updated Queensland Work Programs, where available.  There are too many to list in this newsletter so check GPinfo for details.  Please contact Angela Willett if you have any comments or questions.

In the Eromanga Basin, Entekís sale of its 28.15% interest in ATP 269P is due to be finalised during the fourth quarter of 2012.

In the Bowen Basin, Molopo Energy has reached agreement to sell its interests in ATP 564P, PL 210, PL94, ATP 602P and PL 447 to a subsidiary of PetroChina International Investment Co Ltd for A$41 million plus an A$2.4 million adjustment for working capital.  The deal is subject to FIRB and NDRC approvals.

In the Clarence/Moreton Basin, ATP 641P has undergone a partial relinquishment and now covers a reduced area of 1,216 sq km.

Also in the Clarence/Moreton Basin, the renewal application for ATP 791P has been withdrawn and this area now reverts to vacant acreage.

In the Galilee Basin, Kogasí option to farm-in to ATP 813P has lapsed.

CNOOC Galilee Gas P/L will increase its interest from 50% to 60% in ATP 991P, ATP 996, ATP 999P, ATP 1005P and ATP 1008P and subject to grant, ATP 1127P, ATP 1130P, ATP 1137P and ATP 1150P.  CNOOC will earn the additional 10% by contributing a further A$12.7 million towards Exoma's share of exploration and appraisal expenditure.  The deal is conditional upon approval from the Chinese Government authorities and the FIRB.  Conditions are required to be satisfied by 31/12/2012.

In the Bowen Basin, the operator of ATP 1103P is Arrow CSG (AGP 364) P/L.

In the Surat Basin, CNOOC Coal Seam Gasí acquisition of a 2.969% interest from QGC P/L has been finalised in PL 179, PL 228 and PL 229.

In the Bowen Basin, the following production licence applications have been refused:  PL 452, PL 453, PL 455, PL 456, PL 475 and PL 476.

In the Bowen Basin, Arrow CSG (ATP 364) P/L has applied for production licence PL 486 over 88 sq km.

In the Surat Basin, PCA 11 has been withdrawn as overlapping production licences PL 466 and PL 474 have been granted.

Also in the Surat Basin, Victoria Oil P/L, a subsidiary of Senex Energy, has applied for potential commercial areas PCA 125 (154 sq km), PCA 126 (154 sq km) and PCA 127 (232 sq km).

Geothermal

In the Nagoorin Basin, the renewal application for EPG 17 has been withdrawn and the area now reverts to vacant acreage.

In the Eromanga Basin, EPG 4 has been relinquished.

In the Hodgkinson Fold, EPG 19 and EPG 29 have been relinquished.


South Australia

In the Cooper Basin, CO 2012-A is a new gazettal area released on 04/09/2012. Bids close 04/04/2013.

In the Otway Basin, OT 2012-A is a new gazettal area released on 04/09/2012. Bids close 04/04/2013.

In the Cooper Basin, the suspension of PEL 103 dated 11/05/2012 has temporarily ceased. The expiry date is now 14/06/2014.

In the Cooper Basin, PEL 111 has been reduced in area due to grant of PPL 240. PEL 111 now covers 782 sq km.

In the Cooper Basin, PEL 516 has been reduced in area due to grant of PPL 241. PEL 516 now covers 2,563 sq km.

In the Cooper Basin, PPL 240 was granted to Senex Energy Ltd 40%, Impress (Cooper Basin) P/L 25%, Permian Oil P/L 20% and Springfield Oil & Gas P/L 15% on 15/08/2012 for an indefinite term.

In the Cooper Basin, PPL 241 was granted to Senex Energy Ltd 100% on 16/08/2012 for an indefinite term.

In the Arrowie Basin a 6 month suspension period has been granted to the work program for PEL 132. The licence is in suspension from 20/08/2012 to 19/02/2013. The licence will expire 23/02/2014.

In the Officer Basin, a 12 month suspension period has been granted to the work program for PEL 138. The licence is in suspension from 24/08/2012 to 23/08/2013. The licence will expire 15/04/2017.

In the Eromanga Basin, a 12 month suspension period has been granted to the work program for PEL 183. The licence is in suspension from 18/06/2012 to 17/06/2013. The licence will expire 03/02/2015.

Geothermal

In the Cooper Basin, GEL 282, GEL 283 and GEL 284 have expired and are not being renewed.

In the Arrowie Basin, a 12 month suspension period has been granted to the work program for GEL 156. The licence is in suspension from 30/07/2012 to 29/07/2013. The licence will expire 22/11/2015.

In the Arrowie Basin, 12 month suspension periods have been granted to the work programs for GEL 254 and GEL 336. The licenses are in suspension from 30/07/2012 to 29/07/2013. The licenses will expire 11/11/2013.

In the Cooper Basin, 12 month suspension periods have been granted to the work programs for GEL 267 and GEL 273. The licenses are in suspension for the period 03/06/2012 to 02/06/2013. The licenses will expire 23/05/2015.



Tasmania

Onshore Tasmania, the Ministerís decision to refuse to renew EL 14/2009 is currently being appealed. The permit will remain as renewal pending until the appeal process is complete.



Victoria

In the Gippsland Basin, Bass Strait Oil has appointed IndigoPool to act as its agent in marketing the company's Gippsland Basin interests including VIC/P 41, VIC/P 42, VIC/P 47, VIC/P 66 and VIC/P 68
.

Also in the Gippsland Basin, Hibiscus Petroleum has reached conditional agreement to acquire 50.1% in VIC/P57, through its subsidiary Carnarvon Hibiscus P/L, from 3D Oil and will invest up to A$27m in tranches to fund joint operations on the permit.  The deal is subject to Foreign Investment Review Board and Hibiscus Petroleum shareholder approval.  On completion, Hibiscus Petroleum will become operator.  3D Oil has received the full share subscription money of $2,043,558 from Hibiscus Petroleum. The issue of shares to Hibiscus is due in December 2012 following approval by Hibiscus Petroleum shareholders and the FIRB.  3D Oil has applied for a location over the West Seahorse discovery.

In the Gippsland Basin, the VIC/P 66 partners lodged a request for a suspension and extension on 27/08/2012.

In the Otway Basin, WHL Energy has moved to a formal farm-out process for VIC/P67 by opening a data room in Perth for the next 2-3 months.



Western Australia

In the Canning Basin, a 13 month suspension has been granted to the year 4 work program for EP 129. Year 4 has been extended from 01/01/2012 to 31/01/2013. The licence will expire 31/01/2014.

In the Perth Basin, a 3 month suspension has been granted to the year 5 work program for EP 321. Year 5 has been extended from 05/09/2012 to 05/12/2012. The licence will expire 05/12/2012.

In the Barrow Basin, EP 358 has been renewed to 06/09/2017.

In the Perth Basin, a 3 month suspension has been granted to the year 5 work program for EP 407. Year 5 has been extended from 13/09/2012 to 13/12/2012. The licence will expire 13/12/2012.

In the Carnarvon Basin, EP 412 has been renewed to 14/08/2017 over a reduced area and now covers 397 sq km. Work program is as follows -

Year 1: 50k 2D seismic $0.7m
Year 2: seismic interpretation $0.1m
Year 3: 1 well $1.75m
Year 4: technical studies $0.05m
Year 5: 1 well $1.75m

In the Carnarvon Basin, a 12 month suspension has been granted to the year 4 work program for EP 424. Year 4 has been extended from 14/07/2011 to 13/07/2012. The licence will expire 13/07/2014.

In the Perth Basin, Empire Oil & Gas NL has farmed out a 15% interest in EP 437 to Caracal Exploration P/L. Caracal will contribute 30% of the costs of drilling the Waugh 1 exploration well and thereafter Caracal will contribute 15% of any costs of completion and testing of the well.

In the Canning Basin, 12 month suspension periods have been granted to the year 2 work programs for EP 457 and EP 458. Year 2 has been extended from 24/10/2010 to 23/10/2011. The licenses will expire 23/10/2015.

In the Merlinleigh Basin, EP 481 and EP 482 were granted to New Standard Onshore P/L on 16/08/2012. The licenses will expire 15/08/2018. Work program for both permits is as follows -

Year 1: 400k 2D seismic reprocessing $0.1m
Year 2: geotechnical studies $0.05m
Year 3: 1 well $2.5m
Year 4: geotechnical studies $0.1m
Year 5: 80k 2D seismic $0.4m
Year 6: 1 well $2.5m

The following areas are available and were released on 04/09/2012 -

Licence

Basin

Closes

 Area (sq km)

L 11-6 (re-released)

Carnarvon

18/04/2013

    1,411

L 11-7 (re-released)

Carnarvon

18/04/2013

    1,447

L 11-8 (re-released)

Perth

18/04/2013

        75

L 11-9 (re-released)

Perth

18/04/2013

      373

L 12-8

Canning

18/04/2013

    2,843

L 12-9

Canning

18/04/2013

    3,635

L 12-10

Canning

18/04/2013

    1,859

L 12-11

Canning

18/04/2013

    2,171

L 12-12

Canning

18/04/2013

    4,176

L 12-13

Canning

18/04/2013

    2,879

L 12-14

Perth

18/04/2013

       718

L 12-15

Canning

06/12/2012

    3,327

L 12-16

Canning

06/12/2012

    3,773

T 11-3 (re-released)

Carnarvon

18/04/2013

       338


Shell Development (Australia) P/L and Chevron Australia P/L have entered into a binding agreement for the exchange of Chevronís 16.7% interest in East Browse titles R 2, TR/5, WA-30-R, WA-31-R and WA-32-R and 20% interest in the West Browse titles WA-275, WA-28-R and WA-29-R for Shellís 33.3% interest in the WA-205-P and WA-42-R blocks.

In the Canning Basin, STP-SPA-0017 was granted as SPA 2 AO to New Standard Onshore P/L 60% (operator) and Green Rock Energy Ltd 40% on 10/08/2012. The licence will expire 09/02/2013.

The following gazettal areas are under application -

Gazettal

Application

Applicant

Basin

L 11-5

STP-EPA-0055

Finder Shale P/L

Canning

L 11-10

STP-EPA-0061

UIL Energy Ltd

Perth

L 11-11

STP-EPA-0063

UIL Energy Ltd

Perth

L 11-12

STP-EPA-0062

UIL Energy Ltd

Perth


In the Canning Basin, application STP-EPA-0055 has been varied and now covers 4,631 sq km.

In the Barrow Basin, TP/8 has been renewed to 06/09/2017. Work program is as follows -

Year 1: geotechnical studies $0.25m
Year 2: geotechnical studies $0.25m
Year 3: 80k 3D seismic $10m
Year 4: geophysical studies $0.5m
Year 5: 1 well $10m

In the Carnarvon Basin, WA-208-P has been reduced in area due to the grant of WA-48-R. WA-208-P now covers 566 sq km. Furthermore, a 4 month suspension has been granted to the year 3 work program for WA-208-P. Year 3 has been extended from 14/01/2012 to 13/05/2012. The licence will expire 13/05/2014.

In the Carnarvon Basin, the year 5 work program for WA-214-P has changed from 1 exploration well to 440k 3D seismic reprocessing, 110k 3D seismic inversion & rock physics studies.

In the Browse Basin, the year 3 work program for WA-275-P has changed from 300k 3D seismic to 350k 3D seismic.

In the Carnarvon Basin, a 12 month suspension has been granted to the year 6 work program for WA-384-P. Year 6 has been extended from 20/08/2012 to 20/08/2013. The licence will expire 20/08/2013.

In the Carnarvon Basin, a 2 month suspension has been granted to the year 6 work program for WA-385-P. Year 6 has been extended from 20/08/2012 to 20/10/2012. The licence will expire 20/10/2012.

In the Carnarvon Basin, WA-386-P and WA-387-P are in the process of being renewed.

In the Carnarvon Basin, the year 5 work program for WA-399-P has changed from 1 exploration well to geotechnical studies.

In the Canning Basin, the year 5 and year 6 work programs for WA-415-P have changed from Y5-400k 2D seismic, Y6-1 exploration well to Y5-129K 2D seismic, Y6-1300k 3D seismic.

In the Canning Basin, the year 6 work program for WA-416-P has changed from 1 exploration well to 300k 3D seismic.

In the Canning Basin, the year 6 work program for WA-417-P has changed from 1 exploration well to 800k 3D seismic.

In the Browse Basin, W 11-2 was granted as WA-477-P to Shell Development (Australia) P/L on 13/08/2012. The licence will expire 12/08/2018. Work program is as follows -

Year 1: 2650k 3D seismic, 500k 3D seismic reprocessing, studies $19.5m
Year 2: 1000k 3D PreSDM processing, 200k hazard survey reprocessing, studies $2.7m
Year 3: 1well, studies $36.2m
Year 4: 1000k 3D PreSDM processing, studies $2.4m
Year 5: 1 well, studies $36.2
Year 6: studies $1.2m

In the Carnarvon Basin, W 11-14 was granted as WA-478-P to Woodside Energy Ltd (operator) 70% and Japan Australia LNG (MIMI) P/L 30% on 13/08/2012. The licence will expire 12/08/2018. Work program is as follows -

Year 1: 810k 3D Aragon data, geotechnical studies $4.61m
Year 2: geotechnical studies $0.5m
Year 3: 810k 3D seismic $13.37
Year 4: geotechnical studies $0.8m
Year 5: 1 well $35.5m
Year 6: geotechnical studies $0.5m

In the Rowley Sub Basin, W 11-4 was granted as WA-479-P to Pathfinder Energy P/L on 13/08/2012. The licence will expire 12/08/2018. Work program is as follows -

Year 1: G&G studies $0.2m
Year 2: G&G studies, 460k 3D seismic $8.1m
Year 3: G&G studies $0.15m
Year 4: G&G studies $0.15m
Year 5: G&G studies $0.25m
Year 6: 1 well $25m

In the Carnarvon Basin, W 11-8 was granted as WA-480-P to Repsol Exploracion SA on 20/08/2012. The licence will expire 19/08/2018. Work program is as follows -

Year 1: 2000k 3D seismic, G&G studies $19.95m
Year 2: seabed coring, 1800k 2D seismic, G&G studies, 2D & 3D seismic $5.7m
Year 3: 2D & 3D seismic $1.9
Year 4: 1 well, G&G studies $103.7m
Year 5: G&G studies, 500k 3D seismic $5.71m
Year 6: G&G studies $0.95m

In the Perth Basin, W 11-18 was granted as WA-481-P to Murphy Australia Oil P/L 40% (operator), KUFPEC Australia P/L 30% and Samsung Oil & Gas Australia P/L 30% on 20/08/2012. The licence will expire 19/08/2018. Work program is as follows -

Year 1: 4738k 2D seismic reprocessing, 550k 2D seismic, 2550k 3D seismic, G&G studies $25m
Year 2: seismic interpretation, G&G studies $0.66m
Year 3: 3 wells, G&G studies $45.1m
Year 4: G&G studies $0.3m
Year 5: 1 well, G&G studies $18.1m
Year 6: 1 well, G&G studies $18.1m

In the Carnarvon Basin, W 11-9 was granted as WA-482-P to Liberty Petroleum Corporation on 10/09/2012. The licence expires 09/09/2018. Work program is as follows -

Year 1: 3800k 3D seismic reprocessing, 5000k 2D seismic reprocessing $1.5m
Year 2: 2010k 3D seismic $15m
Year 3: 1 well $80m
Year 4: G&G studies $0.25m
Year 5: 1 well $80m
Year 6: G&G studies $0.25m

In the Carnarvon Basin, WA-48-R was granted to Apache Northwest P/L 34.03%, Santos Offshore P/L 25.85% (operator), Eni Australia Ltd18.66%, Santos Ltd 11.46% and Beach Energy Ltd 10% on 27/07/2012. The licence will expire 26/07/2017. Work program is as follows -

Year 1: 1 well $17m
Year 2: oil market/cost review $0.05m
Year 3: facilities studies, commercialisation review $0.05m
Year 4: oil market/cost review $0.05m
Year 5: facilities studies, commercialisation review $0.05m


New Zealand

In the Taranaki Basin, application APP 53517 has been formally withdrawn.

In the Otago Basin, PEP 38219 was surrendered on 16/08/2012.

In the Great South Basin, PEP 50119 has been renewed to 10/07/2017 over a reduced area and now covers 16,691 sq km. Work program is as follows -

12 months: 1630k 2D seismic reprocessing, 6570k 2D seismic, studies
36 months: studies, 300k 3D seismic or 50k airborne geophysics
60 months: studies, 1 well, 2800k 3D seismic
67 months: 4820k seismic
74 months: studies
120 months: 1 well

In the Canterbury Basin, PEP 52605 was surrendered on 10/09/2012.

In the Taranaki Basin, extension of land application PML 38141 EX has been declined
.


Papua New Guinea

In the
Sepik Basin, PPL 258 has been renewed to 31/08/2017 over a reduced area of 4,722 sq km.  Work program is as follows -

Years 1-2: studies
Years 3-4: 1 exploration well
Year 5: 1 exploration well

In the Papuan Basin, Esso PNG Exploration has exercised its option to acquire Eaglewood's final 10% of PPL 260 for US$3.5 million.  The final instalment was paid in August 2012, completing the sale of Eaglewood's 10% interest


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