Page 13 - AsianOil Week 12 2021

AsianOil NEWS IN BRIEF AsianOil

PTTEP AAA will carefully consider the contains an upfront pre-payment and an Erregulla 4 well on behalf of the EP469 Joint
judgment and the appeal avenues available to option to buyout, and achieves an overall Venture.
it. reduction of approximately US$1 billion in Since the last update, Strike has continued
PTTEP, March 19, 2021 capital expenditure. drilling operations with WE4 currently at
Santos Managing Director and Chief a measured depth of 4,886m, which is at
Executive Officer Kevin Gallagher said the top of what is observed to be the high-
OCEANIA through extensive and intensive contract quality section of the primary target in the
review processes, the company had achieved early Permian Kingia Sandstone. Strike
Santos awards Barossa a significant financial saving as well as believes it encountered the top of the Kingia
Sandstone at approximately 4,870m. Strike has
significant energy efficiency improvements.
FPSO contract FPSO services contract maintains a low successfully passed through the Carynginia
“The decision to proceed with an
Shale and Irwin River Coal Measures, where
Santos, as operator of the Barossa joint ongoing operating cost while engineering gas shows were observed throughout.
venture, today announced award of the enhancements have significantly reduced the Strike is now pulling out the bottom hole
project’s major contract for the construction, project’s carbon footprint,” Mr Gallagher said. assembly to reconfigure for coring operations
connection and operation of the Floating “This reduction in capital expenditure in order to commence coring of the high-
Production, Storage and Offloading vessel makes Barossa one of the lowest cost of supply quality section of the Kingia Sandstones.
(FPSO). projects in the world for LNG and will provide Strike will proceed to core a 45m interval of
The FPSO services contract awarded to new supply into a tightening LNG market.” the Kingia, which may take several runs. At
international vessel builder and operator SANTOS, March 24, 2021 completion, Strike will return with the drilling
BW Offshore (BWO) is subject to a final assembly to drill through the Bit Basher
investment decision (FID) on Barossa and Strike updates on West Shale and then intends to core the High Cliff
represents the largest capital expenditure Sandstones.
component of the approximately US$3.6 Erregulla STRIKE ENERGY, March 25, 2021
billion Barossa offshore gas and condensate
project to backfill Darwin LNG. The contract Strike Energy provides an update on the West

Week 12 25•March•2021 www. NEWSBASE .com P13