Exclusives

The largest problem facing hydraulic stimulation in Australia is Earth stresses—a rarely regarded problem.

Whether it is in shales, tight sands or CSG, the number of international oil companies jumping into the Australian plays to 'crack the code' is increasing along with spending.

Long offsets, wide line spacing and fine spatial sampling can deliver economic large-sale 3-D surveys.

Two operators describe the basin as ‘world class.’

Creating a petrophysical model with a fairly limited data set leads to success in shale plays.

Deepwater International

A production test is to get underway on an oil discovery offshore Brazil that is expanding nicely in terms of its size and scope as operator Karoon Gas Australia continues to firm up more reserves.

A total of 15 new petroleum exploration permits have been granted in New Zealand’s latest licensing round, including several in remote deepwater and ultra-deepwater frontier zones off the coasts of both the North and South islands.

Exploration

Origin Energy’s Speculant-1 exploration well has discovered potentially commercial quantities of gas in Waarre Formation reservoirs in Australia’s Otway Basin, offshore Victoria within the Origin-operated VIC/L1(v) permit.

Bauer-19 was the third well in a six-well development campaign at Bauer. 

Baraka Energy & Resources has been informed by Statoil Australia that Statoil has decided to withdraw from any further activity in the permits EP 127 and EP 128.

Exoma Energy Ltd. has withdrawn from the Galilee JV exploration permits.

Neon Energy Ltd. has awarded a contract to CGG Services Ltd. for licensing of 200 sq km of new broadband 3-D seismic data over the WA-503-P offshore petroleum exploration permit.

Production

Senex Energy Ltd. has started production from the recently discovered Martlet oil field in the Western flank of the Cooper Basin.

Participants in the North West Shelf (NWS) gas development project have approved the Persephone Project off the northwest coast of Australia, operator Woodside Energy Ltd. said in a news release.

Senex has completed a flow test of the Hornet-1 gas well during which gas flowed to surface at a rate of more than 2 MMcf/d. 

Subsea Engineering

The Western Australian Parliament has approved legislation to increase its share of Browse Basin gas fields following reclassification of the state’s  offshore boundaries. 

Australian minnows Neon Energy and MEO Australia have decided to merge into a 50:50 new entity.  

AWE has completed the sale of a portion of its interests in the offshore Tasmanian offshore Bass Basin gas/condensate permits and that contain the Yolla and Trefoil fields.

Technology

Jumbo signed a contract with Technip Oceania for the installation of 13 subsea structures for the Chevron Wheatstone Project.

The board of Roc Oil Co. Ltd. (ROC) has appointed Yuanlin Jiang, Yao Xu and Qunbin Wang as non-executive directors of ROC, according to a news release.

Dick Stoneburner helped sell Petrohawk Energy Corp. to BHP Billiton Ltd. in a $15.1 billion deal. Now he’s bringing his experience in U.S. shale to Australia as a board member of Tamboran Resources Ltd.

Santos GLNG has installed the final module on its two LNG processing trains.

Neon Energy Ltd. has announced that it has awarded a contract to CGG Services for licensing of 200 sq km (77 sq miles) of new broadband 3-D seismic data over the WA-503-P offshore petroleum exploration permit.