Page 13 - AsianOil Week 16 2022

AsianOil OCEANIA AsianOil

Apus-1 well comes up dry

for Santos, Carnarvon

PROJECTS & THE Apus-1 in the Bedout sub-basin offshore Apus-1 is located around 27 km south-west
COMPANIES Western Australia has been reported to be a dry of the Pavo-1 discovery, which Santos and Car-
hole. The disappointing result was reported this narvon made in March. That well is seen as a
week by Carnarvon Energy, which owns a 20% potential tieback to the nearby Dorado project
interest in the well, and separately by operator and the companies had hoped that Apus would
and 80% owner Santos in its first-quarter earn- represent a similar option. But despite the explo-
ings release. ration disappointment at Apus, the companies
Carnarvon reported that while “excel- remain upbeat about the broader potential
Apus-1 was drilled lent-quality reservoirs” in the Caley and Milne around Dorado.
using the Noble Tom formations had been intersected and hydrocar- “Collectively, the Pavo-1 and Apus-1 results
Prosser jack-up rig. bons had been observed in the well, “a commer- open up the potential of the Bedout sub-basin
cial hydrocarbon pool has not been discovered”. by proving the existence of hydrocarbons and
The well had been drilled to a final total depth high-quality reservoirs a considerable distance
of 2,900 metres. Carnarvon noted that while the east and southeast from the Dorado and Roc
early interpretation of drilling results indicated fields,” stated Carnarvon’s managing director
there was evidence of hydrocarbons migrating to and CEO, Adrian Cook. “At this time, we remain
the Apus location, they had either not migrated highly confident of discovering additional
in sufficient quantity for a commercial pool to resources in and around our two main fields and
form, or were not able to be retained within the further across the Bedout sub-basin, and plan to
closure that was drilled. provide further information on these opportuni-
Wireline formation evaluation tools are ties in due course.”
now being run at the well to obtain information Santos said front-end engineering and design
to support further exploration of the Bedout (FEED) work on Dorado had continued during
sub-basin, Carnarvon added. After this process the first quarter, adding that it was targeting a
is complete, the well will be plugged and decom- final investment decision (FID) on the project in
missioned, according to Santos. the second half of 2022.™

NEWS IN BRIEF

SOUTHEAST ASIA Asnan, while SK earthon was represented by zero carbon emissions by 2050.
its director and head of exploration and new “SK427 PSC is one of the six blocks
Petronas welcomes SK venture office, Suntaek Bang, and PSEP by its awarded from the Malaysia Bid Round
2021, demonstrating Malaysia’s potential
director and chief operating officer, Dr James
earthon as new upstream Foo. as an attractive investment destination for
Block SK427 is located within the prolific
companies seeking to grow their energy
investor and operator in area of Balingian and Tatau hydrocarbon portfolio and thrive in the energy transition.
Under our ‘right asset, right player’ strategy
provinces covering an area of 3,349 square
Malaysia km. The block is situated in a proven supported by a progressive fiscal regime, we
hope to fully maximise the long-term value of
hydrocarbon system and has promising
Petronas today signed a production-sharing hydrocarbon potential to be unlocked. Several the nation’s hydrocarbon resources,” he added.
contract (PSC) with SK earthon and significant hydrocarbon discoveries were MBR is an annual Malaysia licensing round
Petroleum Sarawak Exploration & Production made in 2021 in the Balingian province near hosted by MPM which offers investors diverse
(PSEP) for Block SK427 off the coast of the block, namely Sirung-1 and Hadrah-1 upstream opportunities, including exploration
Sarawak. wells. acreages, discovered resource opportunities
SK earthon, a wholly owned subsidiary of Mohamed Firouz said: “We welcome SK and late life producing assets. The MBR 2022,
South Korea’s SK Innovation, is the operator earthon to Malaysia’s upstream industry and themed “Your Advantaged Energy is Here”,
of Block SK427 with 85% participating as a new player, they bring vast experience was launched on 27 January and will run until
interest while PSEP, the Sarawak-owned oil in exploration and production, garnered June 30, 2022. It offers 14 exploration blocks,
and gas company, holds the remaining 15%. from their worldwide exploration activities. six discovered resource opportunities clusters
Signing on behalf of Petronas was senior Petronas will also collaborate with SK earthon and one late life asset cluster.
vice president of Malaysia Petroleum in the carbon capture and storage sector, in PETRONAS, April 22, 2022
Management (MPM) Mohamed Firouz line with Petronas’ aspiration to achieve net

Week 16 22•April•2022 www. NEWSBASE .com P13