FAR to sell Sangomar interest amid market challenges

FAR has advised that its financial plans for the Sangomar field development offshore Senegal, Africa have changed due to the impact of COVID-19 and low oil prices. The ASX-listed company plans to sell all or part of its 15 per cent working interest in the oil prospect due to the likelihood that it won’t be …
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Lakes Oil spuds Nangwarry-1 well

The Nangwarry-1 well is within Petroleum Exploration Licence (PEL) 155 in the South Australian portion of the onshore Otway Basin, 10 kilometres south of Katnook. The well is a 50:50 joint venture between Otway Energy (a subsidiary of Lakes Oil) and Vintage Energy. Drilling at the well will target two prospecting gas reservoirs, the Pretty …
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Industry funds LNG training

The Australian Petroleum Production and Exploration Association (APPEA) announced $400,000 in funding towards the training as a support to the Western Australian Government’s LNG Jobs Taskforce. The program would create the materials and coursework needed to ensure LNG workers obtain qualifications recognised by all the operating companies in the industry. APPEA Chief Executive Andrew McConville …
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Port Kembla power station

Origin considering LNG imports

According to The Australian, Origin Chief Executive Officer Frank Calabria said the company was exploring the possibility of investing in or securing a gas supply deal with an in-development LNG terminal. “[Import terminals are] a potential alternate supply of gas when it’s needed most in the market,” said Mr Calabria. “The demand is obviously higher …
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OMV sells NZ interest for US$50m

Jadestone will acquire OMV’s 69 per cent interest for a price of US$50 million ($73.56 million), which will see the company join other joint venture (JV) partners Horizon Oil (26 per cent) and Cue Taranaki (5 per cent). The field is located in the offshore Taranaki Basin and contains the Maari Project consisting of a …
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NSW to review health and safety

The Work Health and Safety (Mines and Petroleum Sites) Act 2013 and Work Health and Safety (Mines and Petroleum Sites) Regulation 2014 will have been in place for five years in 2020 and NSW law states a review must be undertaken after this length of time. NSW Resources Regulator Director Regulatory Programs Tony Linnane said …
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MMA awarded CarbonNet contracts

The CarbonNet Project is investigating the potential of establishing a commercial-scale carbon capture and storage (CCS) network that would bring together carbon dioxide capture projects in Victoria’s Latrobe Valley and transport it via a shared pipeline into offshore Bass Strait sites. Recently, MMA has been awarded three contracts for CarbonNet valued with a total revenue …
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Ungani operations delayed

Buru reported Ungani was producing approximately 1,700 bopd following the completion and tie in of the Ungani 7H well, but a planned third lateral in the well has not been completed due to operation issues with directional drilling equipment. Additionally, coil unit operations at Ungani 6H have been suspended and the unit demobilised to another …
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Monadelphous workers win pay rise

The Australian Workers’ Union (AWU) and the Maritime Union of Australia’s (MUA) new rel=”noopener noreferrer”>Offshore Alliance has won a new agreement for Monadelphous workers stationed on INPEX’s Ichthys Venturer Floating Production, Storage and Offloading (PFSO) facility and the Ichthys Explorer Central Processing Facility (CPF). The group of 180 Monadelphous workers will receive an 18–20 per …
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Ichthys hits 100 cargoes

A $55 billion project, Ichthys faced a number of delays during the construction period but officially opened in November 2018. INPEX President Director Australia Hitoshi Okawa said the 100th cargo was a credit to the project’s workforce. “INPEX-operated Ichthys LNG facilities are safely ramping up to full production, exporting 100 LNG, 24 liquefied petroleum gas …
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