The June 2011 data update is now available ...
Updated Fields and Pipelines
The June update includes new versions of the fields and pipeline layers ...
Marathon Oil Corp announced today that its Board of Directors has approved the spin-off of its downstream business through the distribution of shares of Marathon Petroleum Corp to holders of Marathon Oil common stock ...
Permit Updates and Changes
In the Sydney Basin, PEL 2 is in the process of being renewed ...
The June 2011 data update is now available.
A change has been made to the GPinfo data this month -
Layer Wells (table PDWells)
New fields -
Basin at Surface - basin that is at the surface
Basin Lower - basin that is below the basin at the surface
Basin Lowest - basin that is below both of the above basins
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Updated Fields and Pipelines
The June update includes freshened versions of the fields and pipeline layers. The update follows on from the data collection exercise we undertook earlier in the year as part of the annual Petroleum Permits Map production process.
The new fields and pipelines data will automatically replace your existing data when the monthly update is installed.
If you have any queries about the new data, or if you have any pipeline routes or field outlines you would like us to incorporate into the GPinfo database, please contact Angela Willett on 02 4572 1083 or by email to firstname.lastname@example.org.
Further to GB Energy Limited’s announcement dated 08/06/2011 and GB Energy’s announcement yesterday, GB Energy provides the following update. As the prospectus offer did not achieve minimum subscription, one of the conditions precedent under the share sale agreement with Cooper Energy Ltd to acquire all the shares in Worrior (PPL 207) P/L has not been met. Cooper Energy has today given GB Energy notice that the Share Sale Agreement is terminated. As a result, GB Energy will not be issuing securities to Cooper Energy and the following assets will not be acquired under the Share Sale Agreement: 30% in PPL 207, 25% in PEL 90, 30% in PEL 93. (Source: GB Energy announcement, 10/06/2011).
GB Energy advises that it has received from Cooper Energy Ltd a notice terminating the following farmouts due to the relevant conditions precedent of each farmout not being satisfied: PEL 100 (9.165%), PEL 110 (10%) and PEL 495 (20%). (Source: GB Energy announcement, 10/06/2011).
Westside Corp and QGC have restructured the joint venture arrangements covering their coal seam gas exploration tenements ATP 688P and ATP 769P. The Central Area within ATP 769P will become 100% owned by QGC, leaving the balance of the tenement within the existing joint operating agreements. QGC will retain its 50% in ATP 688P and a 50% interest in joint operating area of ATP 769P. The restructure also heightens the potential for Mitsui E&P Australia to acquire 49% of Westside’s 50% joint venture interests in the two tenements. Westside will also assume operatorship over a significantly larger proportion of ATP 769P. (Source: Westside announcement, 09/06/2011).
Bow Energy Ltd has certified the first reserves in Norwich Park (ATP 1031P) increasing Bow’s total reserves to 149 petajoules of proved and probable, 2,739 petajoules of proved, probable and possible and 2,528 petajoules of contingent resources. As previously announced, Bow has reached an agreement to share exploration and production data with a number of CSG companies operating in the Bowen Basin. This has allowed data on adjacent exploration permits and petroleum leases to be extrapolated across permit and/or lease boundaries. (Source: Bow Energy announcement, 09/06/2011).
AusGroup has secured a $50 million fabrication contract for Chevron’s Gorgon liquefied natural gas project. Under the contract, AusGroup subsidiary AGC Industries will manufacture 8,200 pipe spools of various diameters, weighing about 7,500 tonnes for the Gorgon project. (Source: EnergyNewsPremium, 24/05/2011).
KCA Deutag has marked its entry in Australia, selected as one of the two drilling contractors to carry out front-end engineering and design work for a modular platform drilling rig for Woodside Petroleum’s Browse liquefied natural gas project. FEED work for the 3,000 horsepower MPDR, which can be transferred between dry tree units and be capable of drilling large bore gas wells up to 9,000m, has already begun and is expected to take six months to complete. (Source: EnergyNewsPremium, 08/06/2011).
Santos today announced that gas production had commenced from the Halyard 1 well, located in the Greater East Spar development area offshore Western Australia. Halyard gas will be produced via the East Spar pipeline and processed through the Varanus Island gas plant, which also processes Santos’ gas from the John Brookes field. (Source: Santos Ltd announcement, 02/06/2011).
Inpex has secured major project facilitation status and pipeline licences for its Ichthys liquefied natural gas project, 200k off the coast of Western Australia. The project has yet to receive the environmental green light from the federal government. Ichthys is planned to deliver 8.4 million tonnes of LNG and 1.6 million tonnes of liquefied petroleum gas per year as well as 100,000 bbls of condensate per day at peak. (Source: EnergyNewsPremium, 01/06/2011).
Shell has made its final investment decision for the Prelude floating liquefied natural gas project off Australia’s northwest. The project, which had already received environmental approval from Federal Environment Minister Tony Burke in November last year, takes gas from the Prelude and Concerto fields in WA-371-P. While both fields, with total estimated reserves of 3 TCF of gas and about 120 mmbbls of condensate, were previously considered to be too small for a standalone development, FLNG technology has allowed Shell to proceed with a development. The development will be capable of producing 3.6 million tonnes of LNG per annum, 1.3 million tonnes per annum of condensate and 400,000 tonnes per annum of liquefied petroleum gas. (Source: EnergyNewsPremium, 20/05/2011).
Shell has wasted no time in pushing ahead with its commitment for the Prelude floating liquefied natural gas project, giving a Technip Samsung Consortium the all clear to proceed with the construction of the FLNG vessel. TSC will provide engineering, procurement, construction and installation of what will be the world’s largest floating offshore facility which will be deployed at Shell’s Prelude gas field, 200k off the coast of Western Australia. (Source: EnergyNewsPremium, 31/05/2011).
Texas-based services giant KBR has secured a contract to carry out engineering design services for three coal seam gas pipelines that will carry CSG from gas fields in central Queensland to Curtis Island. The company will carry out the work for the McConnell Dowell and Consolidated Contractors Company joint venture for BG group’s Queensland Curtis LNG project and Origin Energy and ConocoPhillips' Australia Pacific LNG project. For the QCLNG project, KBR will design a pipeline from central Queensland to the coast that consists of more than 580k of pipeline. The second and third pipelines will be designed for both projects and consist of a 42 inch diameter high pressure transmission pipeline from the main line valve in the Queensland mainland across the Narrows to the Curtis Island delivery station. KBR said the shared design for the Narrows pipelines was the result of an agreement between QCLNG and APLNG. (Source: EnergyNewsPremium, 02/06/2011).
Transerv is pleased to advise that the latest drilling results from the Warro onshore gas project in WA have confirmed the field’s significant potential, with the intersection of high-quality tight gas sands in the reservoir section from 3,750m to the 4,137m target depth. The logs from the Warro 4 well have also confirmed the continuation and strong correlation of the reservoir section and sand zones with the three previous Warro wells. The planned reservoir stimulation across the two primary sandstone intervals in Warro 4 is currently expected to take place in July. (Source: Transerv Energy announcement, 19/05/2011).
New South Wales
In the Eromanga Basin, GEL 296, GEL 304, GEL 305, GEL 306, GEL 307 and GEL 350 were surrendered with effect from 06/03/2011.
GEL 316, GEL 317, GEL 318, GEL 319, GEL 320, GEL 322, GEL 323, GEL 324, GEL 390, GEL 391 and GEL 392 have had their expiry dates extended to 02/06/2014.
In the Gawler Craton Basin, GEL 563, GEL 564 and GEL 565 have been granted to Roxby Geothermal P/L on 18/05/2011 and will expire on 17/05/2016.
Papua New Guinea
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© 2011 Pitney Bowes Business Insight