Page 14 - AsianOil Week 24 2021
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AsianOil                                     NEWS IN BRIEF                                           AsianOil







                                                                                  “Unlocking new oil and gas resources and
                                                                                acreage for development will help to build
                                                                                wealth, economic resilience and whole-
                                                                                of-economy gains for Queensland and the
                                                                                national economy.
                                                                                  “Responsible development of these
                                                                                resources will also provide lower emissions
                                                                                energy to the local economy and continue to
                                                                                form part of Queensland’s energy mix.
                                                                                  “As a major economic driver and job creator
                                                                                for the state, the oil and gas sector is committed
       generation to countries with no natural gas   Based on this contract, JAPEX and   to working with the government on the recovery
       infrastructure or supply.           Yamagata Gas will provide comprehensive   process as well as on key reforms to help meet
         The FSRU, which was developed by   energy service utilizing natural gas to BIS   the many challenges ahead.”
       Sembcorp Marine in Singapore, is 272 meters   Yamagata Production Plant, through KES   Mr Paull said the Queensland
       long and has a capacity of 125, 470 cubic   as the energy service provider. KES will   Government’s commitment to Hydrogen
       meters. The FSRU arrives with a supply of   install the owned equipment including a co-  means a bright future for the gas industry in
       LNG on board and the first refuelling will be   generation system fueled LNG (Liquefied   the state for decades to come.
       carried out by Shell in July.       Natural Gas) and boilers with high heat   “Natural gas plays a vital role in reducing
         This is a landmark moment in KARMOL’s   conversion efficiency in BIS plant site and   Australia’s and Asia’s emissions. Australian
       plans to help provide stable electricity   provide electricity, cold water, and steam to   liquefied natural gas is helping to reduce
       powered by efficient, cleaner fuels to many   the plant to them. Since procuring LNG for   emissions in importing countries by about 170
       more countries in the region and throughout   fuel and operation and maintenance of the   million tonnes each year and the commitment
       the globe. LNG is widely recognized as a fuel   equipment are all conducted by the KES,   to the development of hydrogen solutions will
       of the future. It’s much cleaner than other   BIS will be able to use a comprehensive   make a further substantial contribution,” he
       fossil fuels, it is a sustainable, affordable way   energy supply meeting their needs as a   said.
       of meeting power needs, and fast-tracks the   service, just paying energy service fee to   APPEA, June 15, 2021
       energy transition as countries embark on a   KES.
       longer-term switch to renewables.      KES will start to install the equipment   Strike updates on West
       MOL, June 17, 2021                  at the planned construction site of the new
                                           production facility in July 2021, and will   Erregulla
       JAPEX, Yamagata Gas sign            commence the energy service to the plant   Strike Energy provides an update on the
                                           around fall 2022. In addition, this contract
       natural gas-based ESP               is the first adoption of ESP using natural gas   West Erregulla 5 well on behalf of the EP469
                                                                                Joint Venture. Current Operations Since the
                                           based co-generation in Yamagata Prefecture*.
       contract with Boehringer            JAPEX, June 10, 2021                 last update, Strike has continued drilling
                                                                                operations with WE5 currently drilling
       Japan Petroleum Exploration (JAPEX) and                                  ahead at a measured depth of 4,895m, having
       Yamagata Gas announced that we signed the   OCEANIA                      passed through the primary reservoir in the
       contract regarding the natural-gas based ESP                             Kingia Sandstone which was encountered
       (Energy Service Provider) with Boehringer   Oil and gas to keep          at 4,771m. The Kingia was observed to be
       Ingelheim Seiyaku (BIS) today.                                           high-quality with significant gas shows,
         JAPEX and Yamagata Gas will provide   powering Queensland’s            high background gas and associated drilling
       comprehensive energies such as electricity,                              breaks. The LWD data corroborates the
       steam, and cryogenic energy to BIS Yamagata   economic recovery as       drilling observations and final resource and
       Plant (location: Higashine City, Yamagata                                reservoir characteristics will be collected via
       Prefecture) through Kirsche Energy Service   hydrogen future beckons     wireline logging at completion of the drilling.
       (KES), a special purpose company established                             Additional equipment has arrived at West
       by JAPEX and Yamagata Gas.          Today’s Queensland state budget once   Erregulla and WE4 is being rigged up with
         Currently, BIS Yamagata Production   again shows the importance of the oil and   the new sand handlers and will recommence
       Plant has been using multiple energies such   gas industry to the state’s economy, Acting   its clean-up before starting flow testing
       as electricity, steam, and cryogenic energy,   APPEA Queensland Director Matt Paull said.  operations. Forward Plan Strike will complete
       which are generated by their own using   “Our industry is worth $11.1 billion to the   drilling operations at WE5, including drilling
       heavy oil. BIS has been proceeding a plan to   Queensland economy each year and directly   through the secondary target of the High Cliff
       construct a new facility for producing solid   and indirectly employs more than 47000   Sandstone. Post drilling operations, Strike
       pharmaceutical preparations scheduled to   Queenslanders,” Mr Paull said.  will commence the detailed wireline logging
       be completed in 2023, and had considered   “The Budget papers showed petroleum   campaign collecting an array of resource
       switching the energy of their whole plant   royalties will be more than $2.7 billion over   and reservoir data. At the completion of
       to more efficient and lower environmental   the forward estimates.       the wireline campaign, Strike will run and
       impact. Since their demand matched with   “The sector has also invested more than   cement the final casing string in place, before
       our energy service by ESP that utilize   $70 billion into Queensland’s economy due to   completing the well as a future producer and
       natural gas, BIS and KES made the contract   the rapid development of the natural gas and   commencing its flow testing.
       in this time.                       LNG industries.                      STRIKE ENERGY, June 15, 2021



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