Page 13 - AsianOil Week 04 2021

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since last year and the growing momentum to Horseshoe #2 was connected and Energy’s Cooper Basin portfolio, exploration
strengthen climate change response initiatives commenced flowing back to the gathering success in the Victorian Otway Basin and
both in Japan and around the world. network from 28 December 2020. The well subsequent to quarter end, acquisition of
Specifically, INPEX has set climate change has been consistently unloading frac fluid Mitsui’s interest in the Bass Basin.
response goals to achieve its own net zero unassisted over the course of January at a gas Production of 6.2 MMboe was down 8%
carbon emissions by 2050. The company rate of 160 mscfd + condensate. It is suspected below the prior quarter and 3% below the
will also actively promote the following five that the lower pressured Intra Wallabella zone prior corresponding period, a result impacted
business pillars by making full use of the is yet to contribute while the higher pressured by the Otway Gas Plant maintenance
technologies, assets and human resources the Rewan formation continues to slowly unload shutdown in November, with this also
company has nurtured until now through frac fluid. affecting sales revenue, which was down 5%.
the development of crude oil and natural gas, Warroon #1 continues to consistently Beach Energy Managing Director, Matt
and leveraging these strengths to grow the produce from the Rewan formation at around Kay, said that he was proud of how the Beach
five business pillars to have sufficient earning 400 mscfd. The well continues to additionally team closed out the 2020 calendar year – in
power looking ahead towards 2050: Reduce free flow condensate at approximately 15 particular, the achievement of a new safety
CO2 emissions from upstream operations bbls/d. The Showgrounds formation remains record during the quarter, with over one
(Promotion of CCUS); Develop a hydrogen isolated while the company continues to million hours worked without a recordable
business; Enhance and emphasize renewable evaluate the reservoir performance of the injury.
energy initiatives; Promote carbon recycling Rewan. “In what was a very active quarter for
and cultivate new business opportunities; While Armour remains encouraged with Beach, I am proud of the efforts from our
Promote CO2 absorption through forest the stimulation execution and reservoir team to stay safe in what we all know was an
conservation response, the well clean up period is taking extremely disruptive year,” Mr Kay said.
INPEX, January 27, 2021 longer than anticipated. A remedial frac “The achievement of FID on Waitsia Stage
treatment for all three wells is currently 2 just before Christmas was a significant
planned for the first week of February. The milestone, as it makes Beach Australia’s
OCEANIA aim of this treatment is to accelerate the newest player in the global LNG market. We
recovery of frac fluids by dissolving any are very excited to be working with our JV
Armour provides Surat residual hydrated polymers from the frac fluid partner in expanding the development of the
Perth Basin.
allowing the reservoir greater connectivity
update to the well bore. The effectiveness of this LNG at an opportune time, where customers
“Beach expects to commence marketing of
treatment should be known within 7 to 14
The Board of Armour Energy is pleased to days following the application. are likely to value reliable supply from high
provide an update on the Surat 2020 Work ARMOUR ENERGY, January 27, 2021 quality de-risked projects, as north Asia
Programme which is being conducted on markets experience supply constraints during
Armour’s 100% owned and operated Kincora Beach posts quarterly the current northern winter season.
Gas Project. “On the exploration front, we were thrilled
Horseshoe #4 was connected to the results with the gas discovery at our Enterprise
gathering network on 23 December 2020. Gas onshore-to-offshore well. The discovery de-
rates have steadily increased to 260 mscfd over Beach Energy today released its second risks additional prospects in the vicinity of
the course of January as the well continues quarter activities report, headlined by the Enterprise and, with only the first exploration
to slowly recover frac fluids from the Basal company reaching Final Investment Decision well in the campaign, meets the Otway
Rewan. on Waitsia Stage 2, the acquisition of Senex exploration success assumed under the

Week 04 28•January•2021 www. NEWSBASE .com P13