MEO secures new Bonaparte block
MEO Australia has secured another permit in the Bonaparte Basin, off Western Australia, that is near the Petrel, Tern and Frigate fields being considered for development via a floating liquefied natural gas project.
The WA-454-P block, which was released in the 2008 Offshore Acreage Release Round, has been awarded for a term of six years and covers an area of 4320 square kilometres.
It contains the 2007 Marina gas and condensate tight discovery made by ExxonMobil and Drillsearch. The well recorded hydrocarbons in at least five zones, but analysis of wireline logs and pressure data indicated the reservoir was tight over those intervals.
The block neighbours the Petrel, Tern and Frigate fields where Santos and GDF Suez are currently investigating the feasibility of developing a FLNG project.
Pre-front end engineering and design contracts for the FLNG development were awarded earlier this year, while a final investment decision for the 2 million tonne per annum project is expected in 2014. First production is scheduled to start four years later in 2018.
The block is also adjacent to ENI’s Blacktip gas field that provides gas for the Darwin market.
The permit work program includes recording 2D and 3D seismic in the first three years, while one exploration wells needs to be drilled before the end of 2016.
Meo holds 100% of WA-454-P.
Tuesday, 14 June 2011
energynewspremium.net
http://www.energynewspremium.net/StoryView.asp?StoryID=2392845
The WA-454-P block, which was released in the 2008 Offshore Acreage Release Round, has been awarded for a term of six years and covers an area of 4320 square kilometres.
It contains the 2007 Marina gas and condensate tight discovery made by ExxonMobil and Drillsearch. The well recorded hydrocarbons in at least five zones, but analysis of wireline logs and pressure data indicated the reservoir was tight over those intervals.
The block neighbours the Petrel, Tern and Frigate fields where Santos and GDF Suez are currently investigating the feasibility of developing a FLNG project.
Pre-front end engineering and design contracts for the FLNG development were awarded earlier this year, while a final investment decision for the 2 million tonne per annum project is expected in 2014. First production is scheduled to start four years later in 2018.
The block is also adjacent to ENI’s Blacktip gas field that provides gas for the Darwin market.
The permit work program includes recording 2D and 3D seismic in the first three years, while one exploration wells needs to be drilled before the end of 2016.
Meo holds 100% of WA-454-P.
Tuesday, 14 June 2011
energynewspremium.net
http://www.energynewspremium.net/StoryView.asp?StoryID=2392845
posted by SEAAOC @ 2:04 PM
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