Page 19 - AsianOil Week 20 2021

AsianOil NEWS IN BRIEF AsianOil

As reported by the Operator on Monday adding to the ongoing production revenue a nominal depth of ~3,750mMD, at which
17 May 2021, around 63% of the planned from Sampang and Maari” time wireline logs will be acquired. This will
~1,600km2 seismic survey has been acquired. CUE ENERGY, May 19, 2021 then be followed by running of casing and
The Archer 3D is being acquired over cementing in place.
the Dorado field and surrounding near- Strike Energy updates on STRIKE ENERGY, May 19, 2021
field prospectivity, in conjunction with the
contiguous WA-541-P joint venture. West Erregulla Woodside, IHI and Marubeni
Following the completion of the Archer
3D, the survey vessel will then be used for the Strike Energy provides an update on the West to Study Hydrogen Exports
Keraudren Extension 3D survey. Erregulla Appraisal Campaign on behalf of
Carnarvon’s Managing Director and the EP469 Joint Venture. as Green Ammonia from
Chief Executive Officer, Adrian Cook said: WE5 is drilling ahead at a depth of
“The Archer 3D survey has been designed ~3,356m measured depth (MD) and is Tasmania
to enhance our understanding of the currently in the Woodada formation.
exploration potential to the south east of At WE4, clean-up of the well has been Woodside Energy, IHI Corporation and
the Roc and Dorado fields. Even modest paused due to the presence of sand in the Marubeni Corporation have signed a Heads
discoveries in this area have the potential to production stream. The source of the sand of Agreement to investigate the production
generate tremendous value by tying them has been identified as the Kingia Sandstone, and export of green ammonia produced from
into the nearby Dorado field facilities for but Strike is yet to determine whether the renewable hydro power in the Australian state
minimal additional capital expenditure. The sand is resultant of the large perforation of Tasmania.
new seismic data will also provide the Joint program (75m) or friable formation. The Green ammonia, produced from
Venture with additional information over the perforated section lies between 4,847m and green hydrogen, is a zero-emission fuel
Dorado field. The data is expected to provide 4,963m MD. Little to no sand production which can be used to decarbonise coal-
important information over the production was observed at WE2 during the flow test, fired power production, among other
phase of the asset, for example, in building although some of the Waitsia wells have seen applications.
4D models to monitor fluid movements minor sanding issues. It is not uncommon Initially, green ammonia would be
throughout the field life.” for high quality reservoirs to produce sand produced at a small-scale hydrogen
CARNARVON PETROLEUM, May 18, 2021 initially on test, however, as the WE4 well electrolysis plant. Woodside is exploring
test surface equipment is not suited to high options for production in the Bell Bay
Cue Energy receives velocity sand, Strike requires additional region in northeast Tasmania. The capacity
of the proposed plant could eventually be
equipment to support the rest of the clean-
Mahato PSC revenue up and production test. It is envisaged that it scaled up to as much as 250 MW to produce
will take approximately two weeks to procure
green hydrogen as feedstock for green
First revenue from oil sales from the PB the additional equipment and given the ammonia exports.
field in the Mahato PSC, Indonesia, has progress at WE5, Strike will assess whether to The initial phase of the partners’ studies
been received by Cue Mahato Pty Ltd (Cue), combine the remaining flow testing of WE4 in will focus on deepening their understanding
a 100% owned subsidiary of Cue Energy campaign with WE5 if optimal to do so. of Japanese and Asian ammonia markets,
Resources Limited. Strike will source the appropriate with technical and commercial evaluations
Cue’s share of revenue to March 2021 was equipment to accompany the flow test underway.
approximately US$397,000. The revenue package in order to continue the testing Japan is stepping up its efforts to capture
reflects sales from the first two production program at WE4. This may align with the opportunities for green hydrogen and
wells, PB-1 and PB-2, which reached a proposed WE5 flow testing if procurement ammonia in order to deliver its target of net
combined production of 1500 barrels of oil times are protracted. Upon recommencement, zero carbon emissions by 2050. The parties
per day (bopd). Currently, post the recent the WE4 well will finish its clean up and then aim to continue building on the green
completion of the PB-5 well, production has perform the planned full production test. ammonia supply chain between Australia and
increased to approximately 2500 bopd. At WE5 Strike will continue to drill the Japan.
Field operations at the PB-4 well are 12-1/4” intermediate hole section down to WOODSIDE ENERGY, May 20, 2021
ongoing and the drilling of PB-3, the final
well in the current program, is expected to
commence shortly.
“The PB field is an excellent asset which
is producing approximately 2500 barrels
of oil per day from three wells and has two
remaining wells to be developed in the current
program.” said Cue Energy Chief Executive
Matthew Boyall.
“Revenue has been received from Mahato
PSC oil production only 18 months after the
first discovery well, PB-1, was drilled and we
congratulate the operator, Texcal, on developing
the PB field in the timelines achieved.”
“Cue now has three revenue producing
assets in its portfolio, with the Mahato PSC

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