Page 14 - AsianOil Week 48

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NEWS IN BRIEF
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135 meters and will be fitted with the Mark III membrane containment system provided by French company GTT.
This vessel has been specifically designed
to supply LNG bunker in the Mediterranean area to a wide range of vessels, including containerships, tankers, ferries and large cruise ships. She will meet the highest technical and environmental standards, using herself LNG as propulsion fuel and integrating a complete re- liquefaction of the boil-off gas.
The newbuild vessel will be operated under French flag by MOL, jointly with GAZOCEAN, a pioneering company based in Marseille
and one of the most experienced in LNG transportation.
MOL, December 4, 2019
OCEANIA
Neptune Energy begins Petrel seismic surveys
Neptune Energy today announced it has begun seismic surveys in the extensive Petrel field, located in the Bonaparte Basin of Australia, the first substantial investment in Petrel for five years.
The study will expand the area of seismic data Neptune holds and significantly increase the quality and breadth of data to allow Neptune and its partners to plan for the future.
Neptune, on behalf of the Petrel JV, has entered into a non-exclusive data licensing
agreement with Polarcus Asia Pacific Pte Ltd, which is acquiring the Petrelex 3D seismic survey.
Neptune Energy Australia Managing Director, Janet Hann said: “The Bonaparte Basin presents exciting growth opportunities for Neptune, and Petrel may play a significant role in our future aspirations for the area. We look forward to working closely with our partners as we deepen our knowledge
of Petrel in order to define the potential for further development.”
Neptune holds 54% of the project and alongside its partners Santos (40.25%) and Beach Energy (5.75%) is investing in new broadband technology over an expanded area in order to get a better understanding of the significant potential resources that Petrel holds.
Polarcus successfully secured approval for an Environmental Plan allowing acquisition of new 3D multi-client data to be acquired across the field.
The Polarcus Asima vessel began the campaign on 30 November and will continue into late January, subject to operational conditions, covering 2,900 Km2 of territory. Data from the survey will be available in Q4 2020.
NEPTUNE ENERGY, December 4, 2019
Strike completes capital procurement
Strike Energy is pleased to announce that, following its successful capital procurement
program, the Company is fully funded to deliver its planned exploration, appraisal and development activities during 2020.
Total funds from the capital procurement process, which comprised a share placement and the Share Purchase Plan announced on 1st November 2019, were over $30 million before costs. The Share Purchase Plan has now closed.
Strike’s 2020 program will include engineering, development planning works and the drilling of two appraisal wells, which will be completed as future producers at West Erregulla. The successful completion of this program will put the Company in a position to consider a Final Investment Decision on Phase 1 of the West Erregulla development as early as the end of 2020. The timeline to FID remains subject to the appraisal results, JV discussions/processes and other agreements and approvals.
The 2020 exploration program also includes activities across Strike’s 100% owned land position in the Perth Basin, with 3D seismic acquisition at Walyering (due to complete early this month), and across its Permian gas prone acreage in the fairway adjoining West Erregulla. These critical data acquisitions will allow Strike to mature several pre-diagnosed leads into drillable prospects and identify additional targets in highly prospective acreage currently void of seismic data.
Strike’s strategy is to be in a position to deliver first gas into the Western Australian market by 2022, with CSBP Limited (Wesfarmers) holding a gas offtake option for 100PJs of that gas.
At the same time Strike will continue the Jaws pilot study in the Southern Cooper Basin, in a bid to define commercial prospectivity in the flanks of the Basin’s Patchawarra coal seams. STRIKE ENERGY, December 4, 2019
Subsea 7 awarded contract offshore Australia
Subsea 7 today confirmed a substantial contract award by Woodside for the execution of phase 2 of the Julimar-Brunello Project. This contract was awarded to Subsea 7 earlier this year, subject to the final investment decision of the Julimar-Brunello joint venture participants (Woodside and KUFPEC), which has now occurred.
The Julimar field is located approximately 200 km offshore North Western Australia. The full scope of work will be to design, procure, install and commission a 22 km 18” Corrosion Resistant Alloy (CRA) gas transmission flowline and an umbilical system.
The offshore activities will be performed in 2021 using Subsea 7’s reel-lay and heavy construction vessels.
SUBSEA 7, November 28, 2019
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Week 48 04•December•2019