Oil Search LNG production drops after equipment damage

Its September production dropped from 6.88 million barrels of oil in June to 6.81 million barrels despite strong production rates in July. The marginally lower quarter was a result of reduced rates of liquids, following the detection of damage to one of the mooring chains at the Oil Search-operated offshore liquids loading facility in the Gulf …
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Red Emperor signs agreement to acquire Perth Basin stake

The letter of intent was issued in order for Red Emperor to acquire a 70 per cent interest in the Perth Basin exploration permit WA-481-P in Western Australia. Under the terms, Red Emperor has agreed to fund the completion of an existing work program, comprising of geological and geophysical studies required to be undertaken within …
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Santos upgrades 2025 production target

The new target, up from the 100 mmboe Santos set in 2018, represents a cumulative annual growth rate in production of over 8 per cent to 2025. Speaking at the company’s Investor Day in Sydney, Santos managing director and chief executive officer Kevin Gallagher said the execution of the company’s transform-build-grow strategy since 2016 had …
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Woodside submits Sangomar development plan

The development and exploitation plan and exploitation authorisation request are the last major regulatory submissions required before final investment decisions (FIDs) can be made by each joint venture participant. JV partners Woodside, Cairn Energy, Far and PETROSEN are targeting their FIDs later this month, subject to the grant of an exploitation authorisation and relevant joint …
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State Gas hard work pays off at Reid’s Dome project

Following the completion of the work-over preparing the Nyanda-4 well for production testing on November 27, 2019, State Gas has been installing the necessary surface facilities for the test. Installation works are nearly complete and production testing is expected to commence before the end of the week, the company reported. The production test will provide …
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Karoon to exit Great Australian Bight

The company will instead focus on progressing a number of South American assets, according to chairman Bruce Phillips. Speaking at the company’s annual general meeting (AGM), Phillips said the company was focussed on ensuring its broader asset portfolio was appropriately sized for its capital capabilities and corporate values. “In Australia we have relinquished WA-314-P after …
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Valmec reaches milestone at Project Atlas

The Atlas gas pipeline project will transport gas from the Atlas gas field, the first domestic gas acreage from the Queensland Government, to the domestic east coast market via Jemena’s Darling Downs Pipeline. Atlas is a 60-kilometre-long, buried gas pipeline between Senex Energy’s Atlas gas field, west of Wandoan and Jemena’s Darling Downs Pipeline, and …
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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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Galilee targets Kumbarilla

The company was granted operatorship and a 100 per cent interest in ATP 2043, known as Kumbarilla, in August this year as part of the Queensland Government’s 2019 release of new petroleum resource areas. The acreage, which covers 384 km2, overlaps the Bowen and Surat basins and has a 2C contingent gas resource of 504 …
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Coleman says hydrogen 10–15 years away

Speaking during an industry panel discussion in Western Australia this week, Mr Coleman said hydrogen had potential but there was still work to be done. “Hydrogen’s energy density is a lot lower than competing fuels,” said Mr Coleman. “Hydrogen molecules are very small so they like to escape the vessels that they’re in, so that’s …
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