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Tap Oil surrenders interest in WA lease

WA-34-R, a retention lease in the Bonaparte Basin, contains the Prometheus/Rubicon gas fields that were discovered in June and December 2000, respectively. Tap holds a 12 per cent participating interest.
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Beehive well plans accelerated

Total and Santos currently have an option to acquire a direct 80 per cent participating interest in the WA-288-P Permit in return for continuing to fully fund the costs of all activities until completion
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Developing the Top End’s gas industry

Whereas development in the Northern Territory and Timor Sea region had previously focussed on oil or wet gas, increasing liquefied natural gas (LNG) prices have propelled gas exploration in what had been
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Bonaparte Basin

The Bonaparte Basin is located primarily offshore in coastal waters off the north coast of Australia, straddling the border between Western Australia and the Northern Territory. The offshore portion of
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Blacktip gas goes into production

The Blacktip Gas Field will bring gas onshore via a 110 km offshore pipeline to supply Northern Territory’s Power and Water Corporation, with supply rising to 18,000 barrels of oil equivalent per
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Western Australia – an economy built on gas

The Western Australian economy relies on natural gas more than any other Australian state or territory. Natural gas fuels over half of Western Australia’s primary energy needs and 60 per cent of
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Bringing Australia’s offshore gas to market

More than 90 per cent of Australia’s 164 trillion cubic feet (Tcf) of gas lies in offshore basins. Some of these basins are located in water depths up to 5,495 m, which pose a number of challenges
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Acreage release boosts economy

The acreage release encompassed 29 release areas over nine basins and is the equivalent to three times the size of Tasmania. The 2011 Offshore Acreage Release is characterised by large blocks in offshore
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Bonaparte FLNG gets environmental green light

The Bonaparte floating facility – the second floating LNG (FLNG) facility in Australia to be approved – will be located approximately 250 km west of Darwin and will produce and export LNG. Santos
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