Page 14 - AsianOil Week 27 2022

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Shearwater GeoServices regular market updates as the production approximately 1,440 bwpd in parallel
with the increasing gas rate and
test continues.
awarded contract for 4D COMET RIDGE, July 5, 2022 decreasing bottomhole pressure.”
Comet Ridge will continue to provide
baseline survey offshore India introduces export regular market updates as the production
test continues.
Australia by Woodside PERDANA PETROLEUM, July 5, 2022

Shearwater GeoServices Holding AS has duties on fuel, windfall tax
been awarded a contract by Woodside for on oil production Australian government
4D baseline survey work over gas fields in
the Carnarvon Basin Australia. India’s government introduced export duties contracts Wood as
The survey is expected to take 2-3 for gasoil, gasoline and jet fuel on July 1, in
months to acquire, and will be conducted a bid to bolster domestic supplies. It also owner’s team for critical
by the Geo Coral, equipped with introduced a windfall tax on oil producers,
multicomponent sensor streamers. The to raise funds to subsidise domestic energy decommissioning scope
survey is planned to commence in Q3 2022 use.
and will cover the Scarborough and Jupiter The extra taxation is expected to hit Wood has been awarded the role of Owner’s
gas fields. the earnings of refiners such as Reliance Team by the Australian Government,
The objective of the survey is to provide Industries Ltd and Nayara Energy, as well as with responsibility for overseeing the first
a modern, robust high-definition survey oil producers like Corp, Oil India Ltd and decommissioning phase of the Northern
for development planning, and ultimately Vedanta Ltd. Endeavour Floating Production Storage and
be used as the baseline for time-lapse The windfall tax will be imposed in the Offtake (FPSO) facility in the Timor Sea.
data in the event of acquisition of future form of a special additional excise duty Working on behalf of the Australian
monitoring seismic surveys. (SAED), set at RUP23,250 per tonne of Government, Wood will work closely
“This new award by Woodside crude oil, the orders said. The export duties with the Department of Industry, Science,
demonstrates continuing commitment to have been set at RUP6 per litre for both Energy & Resources (DISER) and
invest in 4D time-lapse for development gasoline and jet fuel, and at RUP13 per litre contractors to ensure the safe, efficient,
and reservoir management of their natural for gasoil. and responsible initial phase of this critical
gas resources,” said Irene Waage Basili, The government also set new rules decommissioning scope. This is the first
CEO of Shearwater. “Natural gas is a key requiring oil companies exporting gasoline time the government has selected a partner
low carbon fuel for the future, and high- to sell to the domestic market the equivalent in this type of contract and will be key
end seismic surveys are a critical tool for of 50% of the amount sold to overseas to building momentum in the country’s
advanced management of these resources.” customers for the fiscal year ending in growing decommissioning market.
The fields are part of the Greater March 31, 2023 Ralph Ellis, Wood’s President of
Scarborough gas fields which are estimated For diesel, they are required to sell Operations across the Asia Pacific
to hold 13.0 TCF (2C, 100%) of dry gas. domestic buyers the equivalent of at least region, comments: “The responsible
30% of the amount that they export. decommissioning of the Northern
SHEARWATER GEOSERVICES, July 6, 2022 Endeavour FPSO is of great national
interest, with safety, cost, and sustainability
Mahalo North gas in sharp focus throughout.
“We are proud to have been selected by
production passes 530 Perdana Petroleum bags the Australian Government to represent
their interests in the first phase of the field’s
Mcfd RM8mn vessel contract decommissioning journey. As Owner’s
Team, we will leverage our unrivalled
Comet Ridge Limited is pleased to advise extension from Petronas offshore decommissioning expertise
that the Mahalo North 1 well continues to garnered in mature basins across the world
increase gas production, Carigali to support the successful delivery of this
currently producing over 530 Mcfd. Gas critical scope of work.
production has increased by 71% over the Comet Ridge Limited is pleased to advise “We look forward to working closely
two weeks since Comet Ridge last that the Mahalo North 1 well continues to with both DISER and the lead contractor on
reported gas production passing 310 increase gas production, this important project.”
Mcfd on 21 June. currently producing over 530 Mcfd. Gas The Northern Endeavour is a 274m
Comet Ridge Managing Director, Tor production has increased by 71% over the long FPSO, permanently moored between
McCaul said: “Pleasingly, over the last two weeks since Comet Ridge last the Laminaria and Corallina oilfields,
several days we have seen the water rate reported gas production passing 310 approximately 550km northwest of Darwin
slowly declining, from approximately Mcfd on 21 June. in the Timor Sea. Production began in 1999
1,560 bwpd down to its current level of Comet Ridge Managing Director, Tor and peaked at 170,000 barrels of oil per day.
approximately 1,440 bwpd in parallel McCaul said: “Pleasingly, over the last
with the increasing gas rate and several days we have seen the water rate WOOD GROUP, July 5, 2022
decreasing bottomhole pressure.” slowly declining, from approximately
Comet Ridge will continue to provide 1,560 bwpd down to its current level of

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