Loading

Exploration & Seismic

Woodmac says exploration’s back in the black – and keen to stay there

AFTER a difficult few years, the exploration sector is back in the black – and keen to stay there. New studies from international industry anlysts Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year. “We are seeing a long-overdue recovery in the sector. Last year conventional exploration returns hit 13% – the highest calculated in more than a decade. As 2018’s

Calima jumps on promising Canadian drilling results

THE share price of ASX-listed Calima Energy Limited (ASX: CE1) jumped more than 11 per cent in early markets after the company reported promising early results from coring operations at its maiden well into the prolific Montney Formation in Canada. Calima reported that elevated gas readings were recorded during coring operations of its Calima Tommy A-54-C/94-G-09 well, with a large section of the targeted Montney Formation successfully cored. The well

Noble jack-up booked for Dorado field appraisal

CARNARVON Petroleum Limited reports that the Noble Tom Prosser jack-up drilling rig has been secured to drill an appraisal programme on the exciting Dorado oil discovery off the Western Australian coast. The company said the shallow water depths mean that the Dorado Joint Venture is able to utilise a cost-effective jack-up drilling rig for its Dorado appraisal wells. The JV is well versed in the capabilities of the Noble Tom

World first seismic sound experiment conducted off NW Australia

THE Australian Institute of Marine Science (AIMS) has conducted the first real-world seismic experiment to determine the effects of marine noise on fish and pearl oysters. The experiment, using the seismic vessel the BGP Explorer, surveyed two sites off the northwest of Western Australia over ten days. The experiment, which has taken the collaborative efforts of more than 100 people 12 months to design and co-ordinate, could help to clarify

Santos and Shell JV wins Queensland gas acreage 

LEADING Australian gas producers Santos and Shell have been appointed as preferred tenderer to explore new acreage in Queensland’s key gas-producing Surat and Bowen Basins in a 50-50 joint venture. Santos is the designated operator in this exploration acreage. The PLR201718-2-5 licence covers approximately 400 sq. Km, located 19 km east of the town of Surat, and was released by the Queensland Government exclusively to boost domestic gas supply on

Australia’s Bass Oil acquires North Madura PSC to expand its Indonesian portfolio

AUSTRALIAN-based Indonesian oil producer Bass Oil has entered into a heads of agreement to acquire a 100% participating interest in the North Madura Production Sharing Contract (PSC) which covers an area in coastal shallow waters north of the eastern quarters of the Indonesian island of Java. The PSC area is adjacent to numerous producing oil and gas fields and existing export infrastructure. 
The PSC requires the drilling of one well

BHP wins bid for two offshore Canada exploration blocks

BHP has been named by the Canada Newfoundland and Labrador Offshore Petroleum Board as successful bidder to acquire a 100% participating interest in, and operatorship of, two exploration licences for blocks 8 and 12 in the offshore Orphan Basin in Eastern Canada. Steve Pastor, BHP president Operations Petroleum, said the successful bids are an exciting opportunity for BHP to explore for world class conventional oil assets as an early mover

APPEA says PRRT changes on exploration charges is troubling

THE Australian oil and gas industry has raised concerns about the effects new tax changes may have on the future of exploration activities. Australian Petroleum Production and Exploration (APPEA) chief executive Dr Malcolm Roberts says changes to the petroleum resource rent tax (PRRT) announced by the Federal Government must be assessed carefully. “Attracting investment in natural gas and oil production has never been more important for Australia,” said APPEA Chief

FAR reports spudding of offshore Gambia well

ASX-listed FAR Limited reports that drilling has commenced on the Samo-1 exploration well in block A2, offshore The Gambia. The Stena Drillmax arrived on site on Sunday, 21 October and after standard pre-drill operations, the well was successfully spudded. The Samo-1 well will be drilled in 1,000 metres of water depth to a planned depth of approximately 3,100 metres. The Samo Prospect has two key reservoir intervals and is assessed

Carnarvon identifies hundreds of millions of barrels in Dorado follow-up opportunities

HIGH flying Carnarvon Petroleum Limited has identified a number of follow-up targets totalling more than 600 million barrels with the confirmation of the exciting potential associated with this year’s Dorado-1 oil discovery off the north-west coast of Western Australia. Carnarvon, which drilled Dorado-1 in a JV with Santos’ takeover target Quadrant Energy in the underexplored Bedout Basin has now his completed its initial assessment of the follow-up oil prospects that