Page 12 - AsianOil Week 46

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NEWS IN BRIEF
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supply a high rate 175 MMscf/day well testing package, which will include enhanced electronic emergency shut down (ESD) systems.
Expro will also supply 7 3/8” high debris valves, developed as part of the Next Generation Landing String (NGLS) program, designed and tested to the industry’s new API 17G standard.
Expro meets its clients’ needs through compliance to industry standards, ability to offer high temperature and advanced cutting capabilities, alongside ensuring integrity.
Mrinal Vohra, Expro’s Region Vice President of Asia Pacific, said: “Since 2014, Expro has delivered a solid track record on the INPEX- operated Ichthys LNG, completing 18 wells
to date. This contract extension allows us to continue to flow back the wells at maximum rates using our market leading technology, as well as delivering high levels of safety and service delivery for this high profile project.”
Work on the next phase of field development is due to commence March 2020.
EXPRO, November 18, 2019
Woodside, BHP agree tolling price for Scarborough gas
Woodside and BHP have agreed the tolling price for processing gas from the Scarborough offshore field at the Pluto LNG facility on Western Australia’s Burrup Peninsula. The tolling price is valid to 31 March 2020.
The agreed tolling price is complemented by a comprehensive, non-binding heads of agreement on other tolling terms.
The toll is based on BHP maintaining no more than a 25% interest in Scarborough (WA- 1-R) up to final investment decision (FID), subject to BHP’s standard pre-emption rights.
Woodside CEO Peter Coleman said the agreement on the tolling price for Scarborough was another significant step towards the realisation of the proposed Burrup Hub.
“This agreement on tolling price, together with the increase in Scarborough gas resources
announced earlier this month, provides a compelling and aligned basis for BHP and Woodside to finalise the required conditional binding agreements by the end of the first quarter of 2020.
“It is a key milestone as we target a go-
ahead for the development of the high-quality Scarborough gas resource through an expanded Pluto LNG facility. The joint venture is now in a strong position to proceed to FID in the first half of next year,” he said.
Scarborough gas would initially be processed on a deep-water floating production unit
and transported through an approximately
430 km pipeline to be processed at the Pluto LNG facility. First LNG from the proposed development is targeted in 2024.
WOODSIDE ENERGY, November 18, 2019
Shearwater wins 4D campaign in Asia Pacific
Shearwater GeoServices Holding has been awarded the largest-ever 4D seismic campaign in the Asia Pacific region covering up to six fields operated by Woodside in Australia.
The campaign, planned to commence in Q4 2019, covers new 4D acquisition over the Pluto, Brunello, Laverda, Cimatti and Vincent fields with an option for one additional field. The 4D seismic campaign will improve Woodside’s understanding of the fields’ production performance over time and provide data to guide future field developments. This
is the second 4D seismic campaign award by Woodside to Shearwater following the baseline 4D program in Senegal earlier this year.
“By using Isometrix, the world’s most advanced multi-sensor seismic acquisition technology, Woodside will get high-quality 4D seismic data to support future field activities,” said Irene Waage Basili, the CEO of Shearwater GeoServices. “Our Isometrix equipped vessels have been the 4D towed-streamer technology of choice through the North Sea summer season,
and we are very pleased to see Woodside choose this platform for their extensive 2019-2020 North West Australia 4D campaign.”
The campaign will be executed using the Amazon Conqueror, one of the world’s most advanced seismic vessels, purpose built for environmentally friendly seismic acquisition, and equipped with Isometrix the leading multi- component multi-sensor seismic streamer system.
SHEARWATER GEOSERVICES, November 18, 2019
NZOG shareholders reject OGOG offer
The scheme of arrangement with O.G. Oil & Gas (Singapore) (OGOG) was not approved by minority shareholders at the scheme meeting today.
To proceed, the scheme required 75%
of the votes cast by minority shareholders (shareholders other than OGOG) to be in favour of it. The attached certificate from Computershare provides details of the voting outcome.
36.84% of the votes of minority shareholders were in favour of the scheme resolution and 63.09% were against.
795 minority shareholders, representing 68.89% of the total number of minority shareholders voting, voted in favour of the scheme resolution. 359 minority shareholders, representing 31.11% of the total number of minority shareholders voting, voted against.
As the scheme has not been approved by the required majority of votes cast, it cannot move forward to court approval. It is anticipated that the scheme implementation agreement with OGOG will be terminated and the scheme will not proceed.
New Zealand Oil & Gas thanks all shareholders for their interest and engagement in this process.
NEW ZEALAND OIL & GAS, November 14, 2019
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Week 46 20•November•2019