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.
Exiting unpromising acreage is all the rage and now BHP has surrendered exploration permit WA-480-P also offshore Western Australia in the Northern Beagle sub-basin after studying the results of seismic data and finding it unpromising.
BHP has now surrendered its permit WA-335-P despite being granted an extension up to September 2017 to drill its second commitment well. BHP drilled its first commitment well, Bunyip, in February 2014 using Transocean semi Jack Bates and this resulted in a gas discovery. Water depths in the permit are around 1,900m.
Diamond UDW semi Ocean Monarch has arrived in Australia and has commenced its 18-well P&A program in the Griffith field in WA-10-L and WA-12-L for BHP. The P&A program will keep the rig busy until November with BHP holding 2 well options which if exercised would help close the gap between BHP’s program and the rig’s next assignment with Cooper Energy in March 2018.