Page 15 - AsianOil Week 43

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NEWS IN BRIEF
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O C E A N I A
Beharra Springs Deep gas discovery
Beach Energy is pleased to announce a conventional gas field discovery at Beharra Springs Deep-1 in licence L11 (Beach 50% and operator1, Mitsui E&P Australia Pty Ltd (MEPAU) 50%) in the Perth Basin, Western Australia. Interpretation of wireline log data has identified gas bearing reservoir in the Kingia Sandstone. Wireline activities are continuing, after which the well is expected to be completed for production testing over the coming weeks.
The well was drilled to a total depth of 4,170 metres and intersected a 65 metre thick reservoir interval of the Kingia Sandstone at a depth of 3,935 to 4,000 metres, with estimated net gas pay of 36 metres. No gas-watercontact was encountered in the well. Wireline logging data indicates average estimated porosity of 14.5% (up to a maximum of 21%) across the net pay interval. Gas sampling and analysis is currently being undertaken.
Beharra Springs Deep-1 is located 16 kilometres south of the Waitsia-4 well and 15 kilometres south west of the West Erregulla-2 well. Following the completion of wireline evaluation and production testing activities, Beach will complete an assessment of the recoverable volumes at Beharra Springs Deep. BEACH ENERGY, October 28, 2019
Beach updates drilling activities
Beach Energy has today released its FY20 First Quarter Activities Report, which was highlighted by record drilling activity for Beach in the Cooper Basin and a strong overall production result of 6.55 MMboe.
Managing Director Matt Kay said that Beach has continued the momentum of FY19, a year in which the company set new records for production and revenue.
“Our FY20 first quarter results are further evidence of Beach’s commitment to delivery and I am very proud of the efforts of our team in safely executing our strategy,” Mr Kay said.
“Our production result of 6.5 MMboe was down just 6% on the previous quarter despite selling a 40% interest in the Victorian Otway assets. Strong production results across our other
assets – namely a 9% increase in Western Flank oil output – were highlights for the quarter. After adjusting for the Otway sale (a pro forma basis) our quarterly production was 1% higher than the prior quarter.
“Facility reliability is a key component
in achieving our production targets. We set ourselves the ambitious goal of reaching an average facility reliability across our six operated production assets of above 98% by the end of FY20. I am pleased to announce that facility reliability averaged above 99% in this quarter, an excellent result that is testament to the good work being achieved by our operations teams. Our task now is to maintain our high reliability rates above 98% going forward.
“As we outlined at our full year results, a
key task for Beach in FY20 was to undertake a further round of appraisal drilling at the Bauer field, to establish the field limit and finalise our full field development program. In the past few days we have had very positive results at Bauer Northwest-2 and Bauer North-2 appraisal wells, which intersected the McKinlay formation
six metres and eight metres high to prognosis respectively. These exciting results were well above our pre-drill expectations. Re-mapping of the field will be completed at the end of the appraisal program and reserves will be updated at the end of FY20.”
Meanwhile the Victorian Otway drilling campaign is expected to commence in Q2, following the completion of drilling activities at the Dombey-1 gas discovery in the SA Otway Basin.
BEACH ENERGY, October 28, 2019
Senexpostsitsfirstquarter FY20 results
Senex Energy has posted its first quarter FY20 results, noting that operations are performing well and Senex continues to achieve its Surat Basin project milestones.
Quarterly production was up 9% to 337 kboe, with strong oil production from the Growler field and a material increase in Surat Basin gas production. First gas production was achieved at Project Atlas, where natural gas flowed immediately from first wells brought online. This signified delivery of a Queensland greenfield development 18 months from grant of Petroleum Lease.
Roma North production rate up 40% at more than 11 TJ/day. Commissioning of facility and new wells online provided a material uplift in
production, which continues to increase. Roma North gas processing facility
commissioned, which was delivered on time and on budget.
The $50 million sale of Roma North gas processing facility was completed to major energy infrastructure operator Jemena.
Project Atlas pipeline construction and commissioning completed by Jemena; commissioning of the gas processing facility to begin in November.
In the Surat Basin 24 wells of an around 110 well campaign have been drilled; drilling commenced at Project Atlas with net coal intersections of up to 44 metres.
Sales volumes of 319 kboe were 6% higher than the prior quarter. Oil sales were down
5% on lower production through natural field decline, and gas sales were up 24% due to significantly higher Roma North production. Sales revenue of $24 million was broadly in line with the prior quarter and the average realised Australian dollar oil price remained steady at $100/bbl (Q4 FY19: $99/bbl)1.
Capital expenditure of $41 million was incurred which primarily related to continuation of the ~110 well Surat Basin drilling campaign and construction of gas gathering networks and water handling infrastructure.
SENEX ENERGY, October 28, 2019
OMV New Zealand marine
discharge consent granted
with conditions
An application by OMV New Zealand Limited (OMV NZ) for a non-notified marine discharge consent in the Taranaki Basin has been granted, subject to conditions.
Oil and gas company OMV NZ sought permissiontoundertakedischargeactivities associated with its already consented exploration and appraisal drilling programme at 11 well locations in five Petroleum Exploration Permit (PEP) areas in the Taranaki Basin.
The EPA concluded the overall effects of the proposed discharge activities on the marine environment off the Taranaki Basin will be negligible. The decision also notes that there will be negligible effects on human health.
Despite this, OMV NZ must comply with a number of conditions, outlined in the decision document, to ensure any adverse effects are appropriately managed. These include ensuring discharge activities do not exceed the maximum volume or mass per drill.
Other conditions, such as environmental monitoring, are covered by the consent issued for the exploration and appraisal drilling programme.
EPA NZ, October 29, 2019
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