Page 16 - AsianOil Week 19

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dioxide (CO2) from the atmosphere on an industrial scale. Water is captured from the air and fed into an electrolyser, which splits it into H2 and oxygen (O2). The O2 is released and the H2 is then combined with CO2 in a methanation reactor.
APA CEO and managing director Rob Wheals said the project was the first step in determining whether methane can be created using solar-generated electricity, water and CO2 from the atmosphere on an industrial scale.
“ARENA’s support means we can work to understand the costs and benefits of generating renewable methane for use in the existing East Coast Gas Grid,” Wheals said. “This is a great
example of government support for innovation in the Australian energy industry in Australia.”
He added: “With this project we’re aiming to determine whether this carbon neutral process might be part of a broader green energy solution for the future, and if our pipelines can be used to transport pure renewable energy domestically or for export.”
Australian Minister for Energy and Emis- sions Reduction Angus Taylor said: “It is great to see industry working on new methods to blend hydrogen into existing gas infrastructure by cre- ating renewable methane. This type of innova- tive work is exactly what we need to see to grow our domestic hydrogen industry.”™
Mosman farms out NT permit application
PROJECTS & COMPANIES
UK-LISTED independent Mosman Oil and Gas has agreed to farm out a 70% operated stake in its application for the EP 155 permit, which is located in Australia’s Northern Territory.
Mosman said on May 11 that it had entered into a farm-out agreement with Westmarket Oil & Gas, which is wholly owned by Australia’s heli- um-focused Georgina Energy.
In exchange for the stake, Mosman said West- market would not only handle Native Title nego- tiations necessary for the permit’s approval but would also undertake technical work in accord- ance with the permit work programme. Mosman will also receive a AUD15,000 ($9,700) payment to cover past costs, with a further AUD15,000 to follow up on completion of required seismic re-processing work.
Mosman will retain a 30% working interest in the permit, which is located in the Amadeus Basin. If and when Westmarket drills a well, the company has the option to carry Mosman’s
share of drilling costs in exchange for an addi- tional 15% stake.
Mosman owns a 100% interest in the EP 145 permit, which is situated in the Amadeus, and the company has also been looking for a joint venture partner to enter that play. Mosman said on May 13 that the licence was on hold owing to the coronavirus (COVID-19) pandemic and that it had applied to suspend work on the pro- ject and extend its licence term.
In the same May 13 announcement, Mos- man unveiled the implementation of previously announced cost-cutting initiatives. The com- pany said that its business was “not immune to the recent exceptional external events, including COVID-19 and the fluctuating oil price”.
It added that production continued with an emphasis on margins rather than volumes and that growth opportunities, including the Stanley and Greater Stanley projects in the US state of Texas, were being retained at “minimum cost”.™
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w w w . N E W S B A S E . c o m Week 19 14•May•2020