Page 13 - AsianOil Week 45

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NEWS IN BRIEF
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OCEANIA
Vintage signs up Schlumberger rig
As operator for ATP 2021, Vintage Energy
is pleased to announce that on November
8 2019, a rig contract with Saxon Energy Services (Schlumberger Land Rigs) was signed for the use of the SLR-185 rig to drill Vali-1.
The rig is a 1250 HP rig that is capable of drilling to 3,500 metres and is currently working for Senex Energy Ltd (Senex). On completion of the Senex program, the rig will relocate to ATP 2021 to drill Vali-1 in mid-December 2019.
As announced to the market on 22 May 2019, Vintage will earn a 50% interest in ATP 2021 from Metgasco through contributing 65% of the cost of Vali-1 (up to gross cost of $5.3 million), paying for65% of past exploration costs, and funding up to $70,000 of 2D and 3D reprocessing. Bridgeport (Cooper Basin) Ltd is also earning a 25% interest in ATP 2021 from Metgasco by contributing to the cost of Vali-1. VINTAGE ENERGY, November 12, 2019
Vintage updates on Galilee Basin Deeps JV
A highly successful, two well, appraisal drilling program on the Albany Gas Field in the Galilee Basin in Queensland will shortly be followed by a stimulation and gas flow testing program to determine the commercial potential of the field.
With the drilling of the Albany-2 and Albany-1 ST1 wells now complete, Vintage
Energy is pleased to provide a detailed overview of the substantial progress made to date in
the Albany Field appraisal program. Vintage Managing Director, Neil Gibbins, said: “The very positive outcomes of the Albany Field appraisal thus far provides strong impetus for completion of the next stage in the program.”
“It is hard to believe that we are nearing the end of what has been a very successful appraisal program. We identified the Galilee Basin a while back as an area that is underexplored with significant potential. The information gathered from the drilling program to date has not only confirmed but enhanced this perspective. We will be stimulating these wells and flow testing them over the coming months, which will provide even more valuable information around the commercial viability of these untested reservoir sands. With both APA Group and Jemena progressing plans to connect the Galilee Basin to the eastern Australia gas market, we very much look forward to what lies ahead.”
The next steps in the evaluation of the Albany Field will be to stimulate the reservoirs and flow-test both Albany-1 ST1 and Albany-2, to demonstrate the potential commercial viability of the wells. Condor Energy Services is expected at the Albany-2 site in early-mid December, subject to them completing their current program.
VINTAGE ENERGY, November 7, 2019
NOPSEMA requires Equinor
to modify and resubmit
Environment Plan
On 8 November 2019, NOPSEMA issued a notice to Equinor requiring them to modify
and resubmit their environment plan for proposed drilling in the Great Australian Bight.
Equinor must provide NOPSEMA with further information about matters relating to consultation, source control, oil spill risk, and matters protected under Part 3 of the Environment Protection and Biodiversity Conservation Act 1999.
The opportunity to modify and resubmit does not represent a refusal or rejection of the environment plan. This is a normal part of NOPSEMA’s environment plan assessment process. NOPSEMA is required by law to provide titleholders a reasonable opportunity to modify and resubmit their plan if it doesn’t meet the regulatory requirements for acceptance.
Through the iterative assessment process under the Commonwealth Environment Regulations, NOPSEMA previously requested further information from Equinor on 27 June 2019 to input into its environment plan.
Equinor has 21 days to respond to NOPSEMA’s request to modify and resubmit its environment plan. However, Equinor may request an extension to this timeline. NOPSEMA, November 11, 2019
Blue Energy, QPM sign gas MOU for nickel project
Blue Energy is pleased to advise that it has signed a non-binding MOU with Queensland Pacific Metals (QPM) to facilitate supply
of a portion of Blue Energy’s North Bowen Basin gas resources. QPM is a wholly owned subsidiary of Pure Minerals, which is focused on developing a battery chemicals refinery
to produce nickel and cobalt sulphate for the emerging EV sector.
This announcement comes in quick succession after the previously announced non-binding MOU between Blue Energy and North Queensland Gas Pipeline (NQGP), which owns the 391km onshore natural gas pipeline infrastructure which currently transports gas from the existing Moranbah Gas Project in the Bowen Basin to power and industrial users in Townsville, Queensland.
Blue Energy Chairman, John Ellice-Flint, said: “Blue is delighted to be able to offer our gas to underpin the development of a new domestic mineral processing business in Townsville, undertaken by another Australian owned company It underscores the vital relationship between access to energy for the mineral processing which underpins the gig economy, for the export industry and revenue for businesses in Townsville and the State, together with jobs for the region both in developing Blue’s upstream gas resource and the downstream QPM processing facility.”
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