New Seismic Data Layer
The August update includes a new seismic data layer showing 3D survey
polygons in South Australia.
South Australia 3D in Map Manager group OVERLAYS contains
polygonal outlines and basic information for 68 3D seismic surveys.
The dataset is the property of DMITRE. Right-click on the data
layer in the Map Manager and select View data provenance to link
to full metadata for the layer.
The layer should display automatically following
the installation of the August data update. Polygons should
display in grey with transparency set at 50%.
This layer will behave in the same way as other data layers in GPinfo -
- Display attribute information in the Details Window or Browser.
- Create subsets of the data using the Querying sub-system.
- Export a subset or the entire layer using File > Export.
- Change the standard colour of the layer using the
colour box next to the
layer name in the Map Manager.
- Add labels by right clicking on the layer name in the Map
Manager and selecting Properties > Labels.
Can't see the new
Correct display of the new
data layer 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 August data update has
If the August update has been installed but you still can't
see the new layers or they are not displaying with the correct
characteristics, 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.
Investment Review Board of Australia has no objection to the farm-in of
Statoil Australia AS to PetroFrontier and Baraka Energyís
acreage in the Georgina Basin. The approval means all conditions for the
farm-in have now been satisfied. Statoil will have the option of earning
a 65% stake in EP 103, EP 104, EP127, EP 128, EP(A) 213 and EP(A) 252
from PetroFrontier over a three-phase work program over four years.
(Source: Baraka Energy announcement, 17/07/2012).
completed its purchase of the assets of Pike River Coal Ltd from
the receivers and has now assumed responsibility for the mine and
related assets. New Zealand Oil & Gas has received a $5 million
instalment of the $7.5 million purchase price from the receivers of Pike
River Coal. New Zealand Oil & Gas expects further payments of up to $2.5
million before the end of the calendar year. (Source: New Zealand Oil
& Gas announcement, 17/07/2012 and 10/08/2012).
On 15 June 2012, Cooper Energy Ltd moved to compulsorily
acquire all of the shares of Somerton Energy Ltd for which it had
not received acceptances under its off-market takeover offer. Cooper is
now pleased to announce that it has completed the compulsory acquisition
process and is the registered holder of 100% of the capital of Somerton.
(Source: Cooper Energy announcement, 26/07/2012).
Hope Corporation Ltd,
through its wholly owned subsidiary Mattvale Pty Ltd, has
launched an off-market takeover offer for unlisted oil and gas company
Bridgeport Energy Ltd. The Offer, which is subject to standard
conditions, is for $0.41 cash per Bridgeport share, valuing Bridgeport
at $76 million. The maximum cost to New Hope in relation to the takeover
is estimated at up to $45 million. (Source: Bridgeport Energy
has reached an agreement to acquire the interests associated with Mr
E.G. Albers in Bass Strait Oil Company Ltd, lifting its
interest to 19.87% of the company. Consideration for the transaction is
$250,000 plus the issue of 38,505,266 fully paid Oil Basin shares. The
transaction will result in the Albers group holding 7.03% of Oil Basins
Ltd. (Source: Oil Basins Ltd announcement, 02/08/2012).
its partners have signed off on consolidation agreements for the Crux
AC/L 9 development. As previously announced, Nexus will have a
17% stake in the field while Shell will have an 80% stake and
operate the licence, Osaka Gas has a 3% stake. The transaction
also provides Nexus with a 12 month option to sell 2% of Nexusís equity
interest in the Joint Venture to Shell for $75 million. Furthermore, the
new joint venture wants to convert the existing production licence into
a retention lease, which will require a detailed work program and an
overall development plan. (Source: Nexus Energy announcement,
Chevron Australia has signed GE to a 22 year,
$US600 million contract to service the compression trains, power
generation and associated equipment for its Gorgon LNG Project.
Under the agreement, GE Oil & Gasí Global Services division will provide
Chevron with scheduled maintenance, resident engineers, monitoring and
diagnostics of installed equipment coupled with engineering analytics,
and a guarantee relating to continuity of production. (Source: Energy
News Bulletin, 20/07/2012).
WDS Limited has secured a $24 million construction services
agreement for the Santos Gladstone LNG Project. The agreement
covers the installation of gathering systems that will connect coal seam
gas wells in Santosí Fairview gas field in the Surat Basin, Queensland.
WDSí Energy and Infrastructure Division will be responsible for the
civil, mechanical, electrical and instrumentation aspects of the
management and construction of field and trunk pipelines and CSG
wellhead connections. (Source: Energy News Bulletin, 20/07/2012).
Liquefied Natural Gas Limited has executed a non-binding letter of
intent with PetroChina in relation to securing gas supply for LNG Ltdís
proposed 3 million tonne per annum Fishermanís Landing LNG Project
in Gladstone, Queensland. Under the agreement, both companies will work
together to secure sufficient gas for the projectís first liquefaction
train, which will assist in making a Final Investment Decision.
Furthermore, PetroChina will consider acquiring prospective gas assets
and permit interests as well as reach gas supply arrangements with gas
owners in Queensland. These will then be subject to potential Tolling
Agreements with LNG Limited for the subject gas to be delivered to
Fishermanís Landing for liquefaction, storage and loading onto LNG ships
arranged by PetroChina or PetroChinaís designated LNG buyer. (Source:
Liquefied Natural Gas Limited announcement, 02/08/2012).
Sasanof 1 unconventional gas exploration well, located in PEL 516 of
the Cooper Basin South Australia has produced at a peak gas flow rate of
178 000 cubic feet of gas per day during post-stimulation clean-up
activities and production testing. The hydraulic fracture stimulation
was successfully completed in late May 2012 with flowback beginning soon
after, post-stimulation clean-up activity and production testing will
continue. (Source: Senex Energy announcement, 18/07/2012).
Energy and joint venture partner Drillsearch Energy are pleased to
advise a new Birkhead Oil Discovery has been made at the Bauer 5
appraisal well in the Cooper Basin. Bauer 5 confirmed a 5 metre oil
column in the Birkhead formation and flowed oil at 1160 barrels of oil
per day. The well also confirmed the north eastern extension of the
Bauer field by successfully intersecting 6 metres of net oil pay in the
Namur sandstone. The well has been cased and suspended as a future oil
producer. (Source: Beach Energy announcement, 23/07/2012, Drillsearch
Energy announcement, 23/07/2012).
Beach Energy and Drillsearch had further success with the completion
of the Bauer 7 development well. Wireline logs have confirmed 9.5
metres of net pay in the Namur and 4 metres of net pay in the McKinlay
Formation. The rig will now be moved to Bauer 6. (Drillsearch Energy
Chevron Corporation today announced a natural gas discovery in the
Greater Gorgon Area of the Carnarvon Basin that will support a potential
expansion of the $43 billion project. The Pontus 1 exploration
well in WA-37-L was drilled to a total depth of 5054 metres and
encountered approximately 30 metres of net gas pay. The discovery is the
14th Chevron has made offshore Western Australia since 2009.
Corporation announcement, 23/07/2012, Energy News Premium 24/07/2012).
Energy is pleased to report that the Arrowsmith 2 well is
continuing to produce gas during the flow back and clean up of Stage 1,
the High Cliff Sandstone target of the fracture stimulation program. The
well produced gas at a peak rate of 777,000cfd over a 40 minute period
with an average rate of 446cfd. Norwest said the rates were extremely
pleasing given that the well was still in the clean-up phase. A more
established flow rate will be determined once the well has produced back
the majority of the injected fluid. (Norwest Energy announcement,
Permit Updates and Changes
New South Wales
In the Surat/Bowen Basin, the acquisition by Comet Ridge Gunnedah Gas of
Petrelís interests in PEL 6, PEL 427 and PEL 428 has been
signed and paperwork is about to be submitted to the Government for
Also in the Surat/Bowen Basin, the renewal application for PEL 455
has been withdrawn and the licence has expired.
The following applications for special prospecting authorities have been
varied and now cover new areas -
PSPAPP 55 840 sq km
PSPAPP 56 23,766 sq km
PSPAPP 57 225,657 sq km
PSPAPP 60 60,161 sq km
In the Browse Basin, Nexus Energy and its partners have signed off on
consolidation agreements for the Crux AC/L 9 development. Nexus
will have 17%, Shell 80% and operatorship and Osaka Gas 3%. Nexus has a
12 month option to sell 2% of Nexusís equity to Shell for $75 million.
Furthermore, the new joint venture wants to convert the existing
production licence into a retention lease.
In the Vulcan Sub-basin, PTTEP, Cosmo Oil Company and Bharat Petroleum have
assigned their interest in AC/P 32 to Bounty Oil & Gas. Bounty
now holds 100% and operatorship.
In the Laura Basin, Mantle Mining has reached an Indigenous Land Use
Agreement (ILUA) in relation to ATP 718P. Registration of the
ILUA is pending.
In the Galilee Basin, Comet Ridge may earn up to 75% of the Lake Galilee
FI area of ATP 1015P from Queensland Energy Resources in three
stages: Stage 1 consists of 2 wells by 30/11/2012 to earn 20%; Stage 2
consists of 3 additional wells by 30/11/2013 to earn a further 30%;
Stage 3 consists of 4 additional wells and to develop a pilot by
30/11/2014 to earn a final 25%. Comet Ridge will operate the Lake
Galilee farm-in area.
In the Cooper and Eromanga Basins, Real Energy has renegotiated its
farmin with Drillsearch and will now acquire 100% of ATP 917 and
ATP 927 as opposed to an interest in ATP 927 and ATP 932.
Real Energy will take 100% ownership and operatorship of ATP 917P and
ATP 927P. Consideration is a one-off payment of $750,000, a production
bonus of A$1 million if 500,000 boe is reached in either licence, and a royalty payment on production from
both licences. Interest will be transferred once the licences are granted.
In the Bowen Basin, Bowen Central Coal P/L 50% and Aquila Coal P/L 50%
have applied for production licence PL 485 over
46 sq km.
In the Cooper Basin, Acer Energy has acquired Liberty Petroleum
Corporationís 2.5% working interest in PEL 100. Acer now holds
Also in the Cooper Basin, operatorship of PEL 110 has been
transferred to Senex Energyís subsidiary Victoria Oil Exploration (1977)
In the Cooper Basin, PEL 111 has been renewed over a reduced area
to 13/07/2017 and now covers 785 sq km. Work program is as follows -
Year 1: G&G studies
Year 2: G&G studies
Year 3: G&G studies
Year 4: G&G studies
Year 5: 1 well
In the Eucla Basin, interests in PEL 143 have been
transferred to Ahava Energy Ltdís subsidiary Hughes Denman Energy P/L.
In the Officer Basin, a 12 month suspension period has been granted to
the work program for PEL 81. The licence is in suspension from
25/06/2012 to 24/06/2013 inclusive. The licence will expire 24/06/2014.
In the Murray Basin, the area for application PELA 610 has been
extended and now covers 8,564 sq km.
In the Cooper Basin, PPL 65 and PPL 67 are in the process
of being renewed.
In the Cooper Basin, PRLA 29 and PRLA 30 are retention
licence applications by Santos Ltd.
In the Otway Basin, GEL 212 has undergone a partial
relinquishment and now covers 87.5 sq km.
Also in the Otway Basin, GEL 223 is in the process of being
Offshore in the Gippsland Basin, 3D Oil will be submitting an
application for the declaration of a location over the West Seahorse
discovery in VIC/P 57.
Onshore in the Gippsland Basin, Armour Energy earned 25% of PEP 166
from Lakes Oil by funding the drilling of Holdgate 1 and has taken
over as operator. Armour Energy has an option to increase its interest
In the Otway Basin, VIC/O 10-2 was offered as PEP 174 to
Mecrus Resources P/L 100%. Grant is subject to the completion of Native
Title agreements within 2 years.
Also in the Otway Basin, VIC/O 11-1 was offered as PEP 175
to Bass Strait Oil Co Ltd 100%. Grant is subject to the completion of
Native Title agreements within 2 years.
In the Canning Basin, Yeeda Oil has entered into agreements to acquire
interests in drilling reservation DR 9 from Backreef Oil and
exploration permit application 8/06-7 from Backreef and other
companies. Yeeda Oil will earn 50% interest in DR 9 by funding the
drilling of the Emika Prospect. Yeeda will also earn 22.5% interest in 4
graticular blocks within 8/06-7 by funding $4 million of expenditure on
the White Hills Project.
In the Carnarvon Basin, EP 110 has been renewed to 09/07/2017.
Work program is as follows -
Year 1: geotechnical studies $0.05m
Year 2: 30k 2D seismic $0.3m
Year 3: geotechnical studies $0.1m
Year 4: 1 well $1m
Year 5: geotechnical studies $0.05m
In the Carnarvon Basin, UIL Energy LLC can earn 50% in permits EP 359
and EP 435 by drilling a well in each permit. UIL have a further
option to drill an unconventional well in each permit well to earn an
additional 75% in the unconventional oil and gas rights.
In the Perth Basin, EP 408 has been renewed to 29/07/2017. Work
program is as follows -
Year 1: 1 well $3.9m
Year 2: geological studies $0.75m
Year 3: geotechnical & engineering studies, gravity study $0.125m
Year 4: geological studies, 50k 2D seismic $0.4m
Year 5: 1 well $1m
In the Canning Basin, EP 429 is pending surrender.
In the Carnarvon Basin, STP-SPA-0022 has undergone a partial
relinquishment and now covers 443 sq km.
In the Barrow Basin, TP/7 has been renewed over a reduced area to
17/07/2017 and now covers 802 sq km. Work program is as follows -
Year 1: geotechnical studies $0.25m
Year 2: geotechnical studies $0.25m
Year 3: 27k 3D seismic $2m
Year 4: geotechnical studies $0.25m
Year 5: 1 well $8m
In the Rowley Sub Basin, W 11-5 is not under active
In the Carnarvon Basin, WA-359-P and WA-388-P are in the
process of being renewed.
In the Carnarvon Basin, OMV and ENI have given notice of their
withdrawal from WA-386-P and WA-387-P. As a consequence,
the Octanex Group will hold 100% interest in both permits.
In the Dampier Basin, WA-9-L has been renewed to 15/07/2033.
In the Yilgarn Block, GEP 10, GEP 11 and GEP 12
were surrendered on 06/08/2012.
In the Carnarvon Basin, GEP 29 has been cancelled.
In the Perth Basin, a 12 month suspension has been granted to the year 3
work program for GEP 8. Year 3 has been extended from 01/01/2013
to 31/12/2013. The licence will expire 31/12/2016.
Canterbury Basin, after extensive technical review the joint venture
partners of PEP 38259 have agreed the permit will be
In the Taranaki Basin, Loyz NZ Ventures Ltd has entered into a farm-in
agreement with STP Energy for 90% interest in PEP 38479 for a
purchase consideration of $US6.5 million following an earlier memorandum
of understanding with STP. Following the transaction, STP Energy will
hold 10% interest in the permit.
In the West Coast Basin, interests in PEP 38517 have been
transferred to from Pike River Coal Ltd to Pike River Mine (2012)
In the Taranaki Basin, the area of PEP 38746 has been extended
and now covers 32.4 sq km. Furthermore, the permit is in the process of being
In the Taranaki Basin, PEP 38748 has been renewed over a reduced
area to 07/08/2016 and now covers 17.3 sq km. Work program is as follows -
12 months: 150k 2D seismic reprocessing
24 months: 15k 3D seismic, 1 well
36 months: 1 well
60 months: 3D seismic
104 months: 1 well
120 months: 1 well
132 months: 200k 2D seismic reprocessing
144 months: 1 well
156 months: 1 well
168 months: 1 well
In the Great South Basin, PEP 50122 is in the process of being
Papua New Guinea
Papuan Basin, Horizon expects to apply for a PDL over the PRL 4
and the Stanley field in August 2012.
Also in the Papuan Basin, Interoil signed a farm-in agreement on
30/07/2012 with Pacific Rubiales Energy Corp. Pacific Rubiales will
acquire 10% of PPL 237 from Interoil for a down payment of $116 million, funding of
an agreed exploration work program and cash payments based on the
independently certified resources of the Triceratops structure. Pacific
Rubiales has the option to terminate the farm-in agreement at various
stages of the work program and to be reimbursed up to US$96 of the $116m
initial cash payment. The deal is subject to PNG Government approval.
If you no longer
wish to receive the GPinfo Update newsletter, please reply to this email
and change the title to Unsubscribe.
For more information
For help with GPinfo please
contact GPinfo support on +61 2 9437 6255 or by e-mail to
© 2012 Pitney Bowes Software