Archives for November 2016

November 2016

Substantial reserves awaiting development – DW

30/11/2016 Posted by Dale

MOST E&P companies have seen reserve replacement ratios declining as a consequence of a drop off in exploration and appraisal activity, energy intelligence group, Douglas-Westwood, said in a report.

The country that has bucked the trend is Myanmar, which has shaken off political and economic trade embargoes as a result of reform that saw the lifting of international sanctions in 2012. Shell, Eni and Chevron and a number of independents, notably Reliance Industries and Oil India, have been attracted to the country’s gas prospects, specifically in the Rakhine basin.

Woodside, after the discovery of the Thalin-1 well in February, has committed to an exploration program with four to seven drilling campaigns.

Senex completes pilot development in Western Surat Gas Project

16/11/2016 Posted by Dale

SENEX Energy has announced completion of the first pilot development in the Western Surat Gas Project on budget and ahead of schedule. The Glenora pilot marks the commencement of the development of Senex’s Western Surat Gas Project, which involves the extraction of gas from coal seams across approximately 915 km2 of acreage located adjacent to gas fields and infrastructure operated by Australian majors Santos and Origin Energy. Senex is 100% owner and operator of the project and has signed a flexible 20-year gas sales agreement with key LNG counterparty Santos GLNG.

PESA students explore the Core

10/11/2016 Posted by Dale

[caption id="attachment_51183" align="alignnone" width="350"] SAMSUNG CAMERA PICTURES[/caption] PESA WA organised the first student core workshop on the 21st of October 2016 at the DMP Core library, with the aim of providing the opportunity to PESA student members to view, learn, discuss and familiarise themselves with sequence stratigraphy and core logging, writes Marlene Woligroski. This event was planned and coordinated by students from Curtin University (Victoria Seesaha and Jordan McGlew) and University of Western Australia (Matus Kovac and David Hu), through the American Association of Petroleum Geologists (AAPG) Curtin Student Chapter and the PESA UWA Student Chapter.

ONGC innovation wins major international award

08/11/2016 Posted by Dale

INDIA’s Oil & Natural Gas Corporation (ONGC) has surfaced as the star oil and gas performer at the Bentley Be Inspired Awards Ceremony in London, scooping the Innovation in Offshore award for enterprising software and performance modelling that enabled the production and exploration company to extend the lifecycle of its critically ageing assets.

Geo job prospects begin to brighten

02/11/2016 Posted by Dale

Employment prospects for Australian geoscientists continue to improve, albeit slowly Employment prospects for Australia’s professional geoscientists continued to improve gradually in the three months between 30th June and 30th September 2016. The picture emerged in results of the latest quarterly survey by the Australian Institute of Geoscientists (AIG) in which respondents provided information about their employment prospects during the September quarter of 2016. At 30th September 2016, the unemployment rate amongst Australian geoscientists was 13.9% and the under-employment rate was 18.9%. The unemployment rate fell 2%, from 15.