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Asia Pacific Projects & Prospects

//Asia Pacific Projects & Prospects
Asia Pacific Projects & Prospects 2017-08-18T21:23:11+00:00

Woodside Takes Over As WA-250-P Operator

Woodside Energy has farmed into exploration permit WA-250-P offshore Australia and taking over as operator of the licence. Finder Exploration sold the 90% interest to Woodside and will keep a 10% participating interest in the asset. The Permit is located in the Northern Carnarvon Basin, directly south of the Gorgon and Clio major gas fields. Large multi-TCF Triassic gas and large Cretaceous oil prospects have already been identified in the area and further seismic will soon be acquired at the block.

Cooper Declares FID For Sole Gas Project

Cooper Energy has reached a Final Investment Decision (FID) for its Sole gas project offshore Australia. Sole is located in VIC/L32 the Gippsland Basin, offshore Victoria, around 65 km from the Orbost Gas Plant. Sole will deliver gas sales of 4 million barrels of oil equivalent per annum to Cooper Energy. The capital cost of the Sole upstream development is estimated to be around $355 million, inclusive of the cost of drilling and completing two wells using Diamond offshore UDW semi Ocean Monarch (10,000'). The project is due to come on stream in 2019.

Empyrean Completes 3D Survey Off China

Empyrean Energy has successfully acquired new 3D seismic data across its Block 29/11 offshore China. The survey covered 520 square-kilometers of new 3D seismic over the permit, including two key prospects, Jade and Topaz. In addition, a further 28 square-kilometers of 3D was acquired along the western boundary of the block and extending over the LH 23-1d oil discovery, west of Empyrean's permit. The additional data is expected to allow the company to evaluate the extent of a potential geological tie between the LH 23-1d oil discovery and Jade and Topaz.

KrisEnergy To Drill 20 Wells During Aspara Project

KrisEnergy and the government of Cambodia have signed agreements for the first oil field development, located in Block A in the Gulf of Thailand. The operator plans to develop the Apsara area in the northeastern section of the concession. Under the terms of the agreement, KrisEnergy has 60 days to declare a final investment decision For Apsara, which is expected to take up to 24 months to come online. Phase 1 of the development will consist of a single unmanned minimum facility 24-slot wellhead platform, producing to a moored production barge capable of processing up to 30,000 barrels of fluid [...]

International Petroleum Corp Plans For Malaysia Wells

International Petroleum Corp of Sweden, a newly formed spin off company from Lundin Petroleum, has approved a two well drilling program in the Bertam field in PM307, but is still pending partners approval. However Lundin has already tendered for a jackup for the two development wells on the Bertam platform which it hopes to commence in October this year.

PVEP Planning For One Well Program

In Vietnam PVEP POC are planning a one well jackup program for Block 15-1/05 for 2018. This would be phase 2 of the exploration period of the PSC. The block was formerly operated by Phu Quy POC who made two discoveries using Vantage jackup Topaz Driller back in 2010. Water depths are 48m and partners in the block are now PVEP with 40%, Murphy with 35% and SK Energy with 25%.

Baker Hughes Bending Over Backwards For Twinza

Twinza Oil has taken on Baker Hughes in what is claimed to be the world’s first “full-stream” agreement for the development of the Pasca-A gas field in PPL 328. The agreement includes drilling services, subsea equipment, gas processing topsides, gas compression and turbomachinery, and installation and commissioning services as well as Baker Hughes also assist-ed Twinza with a financial solution to allow the company to complete appraisal drilling and proceed to FID. The drilling project is to start next month with COSL jackup COSLSeeker already contracted for one development well. The FID is expected to be taken some time in [...]

Murphy Vietnam Seeking Approval To Drill

After cutting short a 2-well drilling program by drilling only one well in block 11-2/11 with PV Drilling jackup PV Drilling II back in May, Murphy in Vietnam are now seeking approval to drill the second well this quarter or when approval is received. PVD II is not available until December at the earliest but Murphy will take either PVD I or PVD III both of which are available later this month.

China Gas Hydrate Program Scrapped

The Guangzhou Marine Geological Survey (GMGS), of the Geological Survey Administration under the Ministry of Land & Resources (MLR) have pulled the plug on their gas hydrate deepwater drilling program in the Pearl River Mouth Basin in the South China Sea stating they had achieved their objectives with just the first well of the campaign which was always to be intended for research purposes. UDW semi Bluewhale I had been contracted for 3-wells expected to take 300 days to perform the drilling in 1266m water depths but has now returned CIMC Raffles shipyard in Shandong Province. The rig is operated [...]

Woodside Lines Up Exploration Wells

Woodside Energy has outlined plans for further exploration wells off the coast of Australia in 2018. The operator is currently using UDW semi Atwood Osprey for its 2017 drilling campaign in the region and will use the rig to drill one further exploration well this year, namely Swell-1 in WA-483-P. The rig will be let go around October, but will then return to work with the operator in March 2018. The rig is firmly scheduled to drill the Ferrand-1 exploration well in permit area WA-404-P in early 2018 and could drill another well around the same area depending on the [...]

Cue Energy Assumes BHP’s Australia Permit

Following BHP's withdrawal from permit WA-389-P in the Carnarvon Basin, Cue Energy has assumed a 100% stake in the permit. A commitment well is due by October 2018 but Cue has already applied for a suspension of the work program. Originally the permit was operated by Woodside who withdrew from the permit in 2013 after an unsuccessful drilling campaign.

Rosneft Vietnam To Drill 3 Wells In 2018

Rosneft is to drill 3 wells in 2018 with two production wells scheduled for the Phong Lan Dai and Lan Do fields in Block 06.1 and an exploration well in adjoining block 05-3/11. Water depths are up to 190m and JDC semi Hakuryu 5 has been chartered for the work.

Julimar Phase 2 Concept Selection Underway

The Woodside Energy-operated Julimar Phase 2 Development, located offshore Western Australia, has moved into the concept definition phase. The development involves four subsea wells being tied back to existing Brunello subsea infrastructure. The operator is targeting a final investment decision for the project in 2019.

Woodside To Shutdown Enfield

Woodside is to permanently shut down the Enfield oilfield in the Exmouth Basin and decommission the existing FPSO vessel by the end of this year. The field came into production in 2006 and peaked in September that year at 74,000bpd, much lees than what the company had anticipated. The operator has already filed an environmental plan with NOPSEMA for the decommissioning project. The field is in permit WA-28-L with Woodside owning a 60% interest and Mitsui the rest.

Rani Woro Remains On Standby For Pertamina

Apexindo jackup Rani Woro remains on standby in Balikpapan while waiting instructions from Pertamina Hulu Energy Abar to mobilize to the Abar block in northwest Java for a 2-well char-ter although the final workscope has not yet been agreed. With the rig contract still awaiting signature it is likely that the charter will not now start until September. An earlier market survey had suggest-ed the program duration to be between 3

Woodside Makes Another Gas Discovery

Transocean’s UDW drillship Dhirubhai Deepwater KG2 has made another gas discovery for Woodside offshore Myanmar in Block A-6, the third in the block after two discoveries back in 2016. The rig has now moved onto Block AD-07 and Woodside has now exercised two of its six options which will keep the rig firm until November this year. Should Woodside exercise all the remaining options the rig will remain in Myanmar until July next year.

HCML Commences Production

Husky-CNOOC have commenced production from their BD gas field in the Madura Sea. Water depths are 55m and the field facilities comprise a wellhead platform, an FPSO and four production wells, two of which are presently on line. The joint venture is currently tendering for a jack-up for a 7+2 well charter for the nearby MBH, MDA and MDK fields.

Woodside Delivers Ahead Of Schedule And Budget

Woodside has brought its Persephone gas field online some six months ahead of schedule and 30% under budget. The development project is in permit WA-1-L off Western Australia in water depths of 130m. The development consist of two subsea wells tied back to the North Rankin complex via a 7km flowline. Woodside is partnered by BP in the venture.

Murphy Announces Vietnam Discovery

Murphy have announced that the well drilled by PV Drilling jackup PV Drilling II in block 11-2 in May this year is a shallow water oil discovery. The rig had been chartered for 2 wells but the program was cut short so that the operator could pick a new drilling location to appraise the discovery. They now intend to drill the second well this year and will use a jackup from PV Drilling.

Repsol Issues Force Majeure Notice

As previously reported, the Vietnamese Government has forced Repsol to cease drilling in Block 136-3, which lies in the disputed portion of the South China Sea, after China threatened Viet-namese facilities on their Spratly Island outposts. Odfjell’s UDW drillship Deepsea Metro I has returned to Vung Tao and Repsol has issued a Force Majeure notice under its contract with Odfjell. The rig had completed one well under its 2 firm well charter which had a minimum duration of 150 days. Odfjell is now considering the legal implications of the notice. Meanwhile Repsol have reported that they have spent $27m so [...]

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