Page 13 - AsianOil Week 35 2022

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Inpex wraps up exploratory petrochemical, power, glass, ceramics and ES-23 projects are in the exploration phase
steel.
and located offshore of Brazil.
drilling off Japan from the Indian downstream regulator
The IGX in early May received approval
Inpex reported on September 2 it had Petroleum and Natural Gas Regulatory Strike dispatches rig for
completed exploratory drilling operations Board to trade domestic gas on its platform.
off the coasts of the Shimane and It is planning to add more delivery hubs in Perth basin drilling
Yamaguchi prefectures in Japan but had India.
not found enough hydrocarbons to justify The exchange currently facilitates Sydney-listed Strike Energy has begun
commercial production. delivery-based trades in six different mobilising a workover rig and ancillary
“While the presence of natural gas and contracts such as day-ahead, daily, weekday, equipment to the South Erregulla-1 (SE-
crude oil was detected in a deeper section weekly, fortnightly and monthly at five 1) well site at its South Erregulla gas and
of the well, Inpex currently evaluates the different designated physical hubs - Dahej, carbon sequestration discoveries in Perth
volume of hydrocarbons as insufficient for Hazira, Dabhol, Jaigarh and KG Basin. basin in Western Australia, the company
commercial production,” the company said reported on August 31.
in a statement. Strike will rig up the well testing
The drilling began in May and ended in PTTEP withdraws from equipment and follow with perforation
late July, and involved drilling to a depth operations across the 16 m of higher
of around 3,440 metres below sea level at Thailand quality net pay recorded in the Wagina gas
a location some 130 km northwest of the discovery. It expects to begin the flow test
Shimane prefecture and around 150 km Thai state-owned energy company PTTEP programme by the middle of September,
north of the Yamaguchi prefecture. has sold its assets in Brazil, marking its which on success would lead to the
withdrawal from the country, it said on declaration of a second commercial pool of
September 1. gas from the SE-1 well, it added.
Indian gas exchange sees NH) and PTTEP Brazil Investment (PTTEP productivity" at the SE-1. The well produced
Strike in June reported "outstanding
PTTEP Netherlands Holding (PTTEP
August spike in volumes BI), subsidiaries of PTTEP, have entered a peak rate of 80 mcf daily and a sustained
into a sale and purchase agreement to sell
rate of more than 78 mcf daily.
The Indian Gas Exchange (IGX) traded PTTEP Brazil Investments in Oil and Gas South Erregulla is located in the 100%
16,16,800 mnBtu of gas in August 2022, up Exploration and Production (PTTEP BL) to Strike-owned EP503 as part of the Permian
456% year/year, the operator reported on Ubuntu Engenharia e Servicos. No financial gas fairway within the North Perth basin
September 11. details of the deal were divulged. where the Wagina and Kingia sandstone gas
During the month, the exchange PTTEP BL holds 25% interest in the discoveries are located.
delivered 25,95,400 mmBtu of gas. A total Barreirinhas AP1 project and 20% interest
of 202 trades were carried out, the highest in the Brazil BM-ES-23 project. The
amount in a single month, IGX said. completion of the sale is expected by this
There was participation from more than year-end, PTTEP said.
90 buyers from sectors including city gas, The Barreirinhas AP1 and the Brazil BM-

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