Page 15 - AsianOil Week 37

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NEWS IN BRIEF
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months after the FLNG Solution deployment, while also allowing LNG buyers access to competitive LNG supply sources.
Transborders will deploy its FLNG Solution with its strategic partners Kyushu Electric Power, other world class LNG buyers, TechnipFMC and Add Energy.
Transborders’ FLNG Solution development work is also designated as a “Major Project” from the Australian Federal Government. TRANSBORDERS ENERGY, September 16, 2019
SeaBird wins 2D survey work in Australasia
SeaBird Exploration is pleased to announce that the company has received notification
of an award to acquire 2D seismic data in
the Australasia region. The survey is due to commence during Q4 2019 and is estimated to run for approximately three to four months plus mobilization. The company will be using the Nordic Explorer for the work.
The Nordic Explorer has recently completed its niche 3D survey in West Africa, earlier than expected in the announcement of 6 August 2019 due to good operational performance.
As a result, the company expects to reverse approximately half of the $1.3 million loss provision taken in connection with this survey. SEABIRD EXPLORATION, September 11, 2019
Cooper Energy updates on Otway exploration
Cooper Energy provides the following update on its offshore Otway gas exploration program in VIC/P44 (Cooper Energy Operator and 50% interest holder).
On September 6, the Annie gas field discovery was announced. The Annie-1 wellbore has now been securely plugged with downhole cement plugs installed. Abandonment of the
well has been delayed following failure of 2 of the Diamond Offshore Ocean Monarch drilling rig’s 8 mooring chains.
This incident has required repair to the affected chains and inspection of the remaining 6 chains. It is expected this work will be completed later this week, at which point final abandonment operations will resume, weather permitting. Abandonment of Annie-1 is now expected to be completed within the next week.
Analysis into the root cause of the failure of the 2 mooring chains may take more than
a month to complete. Therefore, Cooper Energy has proposed to defer the drilling
of the Elanora-1 well that was scheduled to follow Annie-1. Drilling of Elanora-1 will be considered in the context of future campaigns.
Cooper Energy Managing Director David Maxwell said “While we are closing the drilling campaign early after the completion of one well, we are pleased with its outcome. The discovery of the Annie gas field has added to our portfolio of development opportunities which can add to our reserves and production growth. Elanora remains as an exploration target to test in the future”.
COOPER ENERGY, September 16, 2019
Senex completes sale of Roma North gas assets
Senex Energy Ltd today announced completion of the sale of its Roma North
gas processing facility and pipeline to major energy infrastructure operator Jemena for $50 million.
Following successful commissioning
and performance testing, Jemena has taken ownership of the facility and will compress and transport Senex’s natural gas to market under a long-term gas tolling arrangement.
As announced on 17 June 2019, key terms of the transaction include: Cash consideration of $50 million, with proceeds to support continued
development of Senex’s Surat Basin natural
gas developments and other growth projects. Gas tolling agreement providing firm capacity service to Senex, with Senex to pay a capacity- based tariff to Jemena in line with an agreed production profile. Initial processing capacity of ~6 PJ/year (16 TJ/day) with provision for low-cost expansion to ~9 PJ/year (24 TJ/day) at Senex’s option. Provision for further processing capacity expansion up to the designed site capacity of ~18 PJ/year (48 TJ/day). Initial term of 21 years ending 31 December 2040, with an option to extend up to 10 years.
Senex is the first independent Queensland natural gas company in recent years to commission a greenfield gas processing facility. The plant has performed above expectations, with the first of two compression trains operating above the nameplate capacity of 8 TJ/ day.
SENEX ENERGY, September 16, 2019
Woodside invests in Blue Ocean Seismic Services
Woodside has signed a Shareholders Agreement with Perth-based Blue Ocean Monitoring Ltd (BOM) to invest in Blue Ocean Seismic Services Ltd (BOSS). BOSS is developing an innovative solution that has the potential to make ocean bottom seismic data acquisition cheaper and more accessible.
Seismic data is critical for understanding geological formations and the nature
of hydrocarbon resources that may be contained within them. Current methods use remotely operated vehicles to place nodes on the ocean floor that capture and record soundwaves.
The concept was jointly developed by Woodside and BOM and focuses on using Autonomous Underwater Vehicles (AUVs) in place of remotely operated vehicles. The AUVs are small submarines that are pre-programmed to self-deploy to the ocean floor and reposition multiple times. This method will improve efficiencies, lower costs and reduce people’s exposure to health and safety risks.
Subject to satisfaction of conditions precedent, Woodside will take a 35% shareholding in BOSS.
Woodside Executive Vice President Sustainability Shaun Gregory noted the agreement with BOM continued Woodside’s support of Western Australian technology companies.
“The use of AUVs is a priority in our technology strategy, and has global applications. We see ocean bottom monitoring playing an important role in helping us to understand more complex geological settings,” he said. WOODSIDE ENERGY, September 13, 2019
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