Exclusives

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The company’s managing director, Stuart Nicholls, spoke with Hart Energy about its record-breaking Jaws-1 well and why it sets new horizons in Australia.

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The Australian Petroleum Production & Exploration Association (APPEA) said the report should encourage the immediate suspension of the hydraulic fracturing moratorium in the Northern Territory.

Strike Energy, Jaws-1, Australia oil and gas, Halliburton, oil exploration drilling

Strike Energy is in the hunt for a gas prize estimated at up to 11 trillion cubic feet.

APPEA Extols East Australia Virtues But Lashes The West

Association’s chief urges states to back off fracking inquiries to facilitate greater supply in the east.

Statoil, Great Australia Bight, Australia oil and gas, exploration permit

The Norwegian oil and gas company has swapped interests in exploration permits with BP in the Great Australian Bight area.

Land & Leasing

U.S. private equity firm Lone Star is betting on two large unconventional gas projects in China that Austrailia's Sino Gas & Energy is developing.

Harbour Energy was forced to bid against itself five times until it made a final offer for Santos of $10.8 billion, up more than 50% from its first approach last August.

Australia’s Santos on May 22 ended talks with Harbour Energy and rejected the U.S.-based firm’s $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge.

A successful bid would give Harbour access to a recently revived company with a low cost of gas production and stakes in LNG in the Asia-Pacific, where demand is soaring.

If successful, Harbour's bid would mark the biggest takeover of an Australian oil and gas producer, but Santos has indicated the company may be worth more.

Reservoir Evaluation

AWE said on Dec. 19 Waitsia holds 820 petajoules (PJ) of proved and probable reserves, up from the previous estimate of 811 PJ as some contingent reserves have been reclassified. The estimate has been raised 80% since June after the company drilled new wells.

Norwest Energy NL, the permit operator of TP/15, confirmed hydrocarbons at Xanadu-1 stemming from a successful drilling program.

AWE Ltd. has confirmed the extension of the Waitsia Field in Australia with the Waitsia-3 well encountering natural gas shows in the Kingia and High Cliff sandstone reservoirs, the company said in a July 4 news release.

The company plans to perform a three- to six-month extended production test starting in third-quarter 2017, following the completion in April of a light oil resource volume assessment, to help determine the commerciality of the discovery.

The company's 2P reserves for its ATP814P coal seam gas asset ​have jumped by 29 percent to about 2 Bcm (71 Bcf). Meanwhile 3P reserves have jumped by 49 percent to about 8 Bcm (284 Bcf).

Wildcats & Stepouts

The company said its Marauder-1 well, located in PEL 104, encountered good oil shows within Birkhead sands with evaluation of logs indicating net pay of up to 8.6 m within a 17.5 m gross oil column.

Transerv executive director Stephen Keenihan described the results as outstanding because they extended the known parameters of the gas at Warro, both at depth and laterally.

Wireline logs indicate a gross oil-bearing interval of about 23 meters at the top of the Ungani Dolomite section in the well, Buru Energy said.

Stanleys-1, on the Western Flank, reached total depth on March 5 and had strong oil shows.

The PEL 513 joint venture made its second wet gas discovery in Cooper Basin, Australia.