Page 13 - AsianOil Week 07 2022

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“During the past two years we have The corporate bond will be issued as a new been granted petroleum exploration permit
delivered the 16-point mooring system, the financing method to promote low-carbon AC/P70, located in the Territory of Ashmore
north and south modular riser pull-in system and decarbonisation initiatives including by and Cartier Islands, for an initial period of six
for the CNOOC Lingshui 17-2 project in the demand side during the transition period years. Melbana made an application for this
western part of South China Sea. Despite toward realizing a decarbonised society. The permit under the Australian Government’s
unprecedented challenges and difficulties funds raised through the corporate bond 2020 Offshore Petroleum Exploration Acreage
caused by the Covid situation, our teams will be used for investments in three projects Release.
from China, Singapore and Norway worked promoted by Tokyo Gas Group (Niihama Petroleum exploration permit AC/
together to achieve delivery punctuality and LNG Project, Smart Energy Network Project, P70 contains the undeveloped Vesta-1
continuous responsive service, which was and Harumi Hydrogen Project). oil discovery drilled in 2005. The Vesta-2
highly recognised by the CNOOC project The corporate bond will be the second ESG appraisal well drilled in 2007 identified a
team,” says Tor Eide, Vice President, Offshore bond to be issued by Tokyo Gas, following the gas cap. This complex field is an attractive
Energy Solutions, MacGregor. green bonds issued in December 2020. opportunity to a junior explorer like Melbana
“Based on the trust gained and many Toward achieving Group Management with the technical capability and track
years of excellent cooperation, we are proud Vision “Compass 2030”, Tokyo Gas record of identifying new play types and
to again have the opportunity to support announced “Compass Action” in November attracting large, well-funded, partners to test
CNOOC’s gas field development and make 2021, with a vision to lead the transition its exploration theses – often by overturning
our contribution to the Liuhua 11-1/4-1 toward carbon neutrality. While utilising ESG conventional thinking.
project,” adds Eide. finance, Tokyo Gas will invest approximately 2 Melbana Energy’s Executive Chairman,
MACGREGOR, February 15, 2022 trillion yen by 2030 in growth areas, including Andrew Purcell, commented: “Our experience
decarbonisation, and contribute to the in this sub-basin coupled with the previous
Tokyo Gas issues a realisation of a carbon neutral, decarbonised discoveries and multiple data sets and play
society by 2050.
types offered in this permit area affords a
transition bond for the first TOKYO GAS, February 14, 2022 good opportunity for a technically strong
and motivated junior like Melbana to try
time as a city gas supplier OCEANIA and identify its next substantial exploration
prospect in Australian waters. Our track
Tokyo Gas (President: Uchida Takashi) has record gives us some insights into what the
determined to issue a transition bond through Grant of Petroleum market is looking for and we believe demand
a domestic public offering platform for the for more such opportunities will likely remain
first time as a city gas supplier in Japan. The Exploration Permit AC/P70 buoyant, especially if the current oil price is
corporate bond has been selected as a model maintained.”
case for the Ministry of Economy, Trade Melbana Energy is pleased to announce that MELBANA ENERGY, February 16, 2022
and Industry’s the 2021 Climate Transition it has been advised by the National Offshore
Finance Model Project. Petroleum Titles Administrator that it has

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