TGS is pleased to announce that the purchase of the Capreolus 3D seismic survey from Polarcus has been completed. The Capreolus, full broadband 3D seismic survey is 22,130 km2 and covers two hydrocarbon provinces with proven, but underexplored, oil and gas plays both in the Beagle and Bedout sub-basins offshore north-west Australia. Capreolus 3D includes modern 3D coverage over the Phoenix South and Roc oil and gas discoveries. Additionally, Capreolus 3D also spans the Dorado-1 exploration well and Phoenix South-3 appraisal well, currently being drilled.
Archives for August 2018
August 2018
PESA WA Winter Warmer 2018
The PESA Winter Warmer, one of the WA branch's main mid-year social events, was held at Ku De Ta's “The Deck”, courtesy of Chemostrat, who have been sponsoring every winter warmer event since they opened their Perth office in 2013. This year's event also marked the culmination of a month long silent auction of a paddle board sponsored by TGS. The event was well attended by 46 professionals, which is consistent with last year’s numbers of 45 individuals.
Phoenix South-3 slow but steady to target
Quadrant has cemented the liner to around 5,205 meters and is drilling ahead to target depth at the Phoenix South-3 well off north Western Australia. Carnarvon Petroleum, which has a 20% interest in the Phoenix project with JV partner and operator Quadrant holding the 80% balance, announced that the GSF Development Driller-1 semi-submersible rig was drilling ahead to a depth of approximately 5,500m. The previously drilled Phoenix South-2 well was unable to fully evaluate the Caley Member due to high pressures encountered in that well.
Challenges keep China’s shale gas in early stage development
China’s upstream industry is turning to natural gas as a way to reduce air pollution created by the consumption of coal. However, despite the progress made in the shale gas industry since 2011, China has been facing challenges to develop efficient shale gas extraction, according to data and analytics company GlobalData. With 27 trillion cubic feet (tcf) of proven shale gas reserves China has emerged as the world’s largest shale gas producer outside the U.S. and Canada.
Bight offers huge benefits for State and nation
Potential Bight benefits great for State and nation Successful oil exploration in the Great Australian Bight could see the creation of more than 2,000 jobs in South Australia and generate over $7 billion in average annual tax revenue to Federal and State governments over the next four decades, a new study has found. The indirect benefits of the activity and the associated tax revenue could see almost 5,000 jobs created across Australia in the period between 2020 and 2060.
Employment recovery back on track for Geos – but no sign of a boom
The recovery in employment opportunities for Australia’s geoscientists resumed in the June quarter, with the unemployment rate falling to 8.5% from 11.1% in March. A small increase in the underemployment, or skills underutilisation rate was observed, with 12.9% in March coming in at 13.2% in the latest Australian Institute of Geoscientists survey. This survey series experienced continued, strong support from Australian geoscientists with just over 700 responses received from across Australia. The number of responses increased in every state. AIG spokesperson Andrew Waltho welcomed the survey results.
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Pluto 4D – Australia’s first 4D over a gas field is an outstanding success
It was by far the most successful PESA WA event this year with over 100 PESA members attending our monthly luncheon. Our July guest speaker was a recognizable principal geophysicist Larry Tilbury from Woodside Energy presenting his long-lived contribution into planning and analysis of first Australia’s 4D seismic survey acquired over Pluto gas field, Northern Carnarvon Basin. The branch announcements by Victoria Seesaha, WA Branch Vice-President, included upcoming events such as the Winter Warmer at Ku De Ta, August technical talk by Garry O’Halloran from BHP on evolution of “Tres Hombres” within the Northern Beagle Sub-basin, and many more!
SEG Distinguished Lecturer Entertains at joint PESA Qld-ASEG Qld Evening
The July technical meeting saw PESA Queensland team up with ASEG Queensland to present an evening with SEG distinguished lecturer Dr Kurt Marfurt. Dr Kurt Marfurt serves as the Frank and Henrietta Schultz Professor of Geophysics within the ConocoPhillips School of Geology and Geophysics at the University of Oklahoma. His primary research interests are the development and calibration of new seismic attributes to aid in seismic processing, seismic interpretation and reservoir characterisation. In addition to his work at the University of Oklahoma and with SEG, Dr Marfurt also serves as Editor in Chief of the AAPG/SEG journal Interpretation.