On Wednesday August 22, PESA WA branch teamed up with the Curtin Geology Society (GEOS) to host a barbeque for students. The aim of the event was to improve understanding between students and PESA in an informal setting accompanied with food and drinks, and generate awareness of the society within the greater Curtin geology cohort. The attendees were predominantly undergraduates who were unaware of PESA but very interactive as they were keen to know more about PESA’s activities.
Archives for September 2018
September 2018
Oil and gas fuels Australia’s growth and exports
New Australian Bureau of Statistics (ABS) data highlights the important contribution the oil and gas industry and liquefied natural gas (LNG) exports are playing in supporting the ongoing growth of Australia’s economy. Oil and gas extraction value-added figures increased by 10.8 per cent in 2017-18 compared with 2016-17, to reach a record $30 billion, according to ABS figures from Australian National Accounts: National Income, Expenditure and Product, Jun 2018.
Oil Spill Response achieves first air transport of fully-assembled capping stack
Oil Spill Response Limited (OSRL) has reached another important milestone in the development of its subsea capping and containment response capabilities – successfully completing an air transport test flight of a fully assembled subsea capping stack for the first time. OSRL said the newly demonstrated capability has the potential to significantly reduce capping stack mobilisation times, and represents the realisation of a key objective for the company and all those involved in its Subsea Well Intervention Services (SWIS).
Bridgeport Energy completes three-month refurbishment of self-owned rig
Bridgeport Energy has announced that its BDR-1 rig, which is capable of drilling to depths of up to 2,500m, commenced the first of five oil development wells on 31 August. The two-month campaign was started in the Surat Basin on the Moonie field with Moonie-46, which will be follow by Moonie-45. Thereafter the rig will move to the Cooper Basin where it will drill three development wells on the Utopia field. Bridgeport said the rig will then go back into service mode to continue with infield workover activities planned for the balance of the year at Bridgeport’s producing fields.
Terrex appoints new CEO
Terrex Seismic has announced the appointment of Dave Stegemann as its new CEO, bringing over selected senior management from Geokinetics Australia. Dave Stegemann is a highly regarded industry leader with 25 years of experience in the global seismic exploration industry, including five years as Managing Director of Geokinetics Australia before its assets were recently acquired by US-based SAExploration. Terrex said Stegemann’s appointment comes as the company prepares to launch a second seismic crew in the coming months with a “significant new investment into state-of-the-art autonomous SmartSolo nodes”.
ExxonMobil drilling two exploration wells in Gippsland Basin
ExxonMobil has commenced an offshore exploration drilling program in the Gippsland Basin in the search for new sources of gas supplies. ExxonMobil said that it was drilling two exploration wells, Baldfish and Hairtail, on the VIC/P70 block, located approximately 90km off the East Gippsland Victorian coast, in which Exxon’s Australian subsidiary Esso Deepwater Gippsland holds a 100 percent interest. The operation is expected to take several months and the wells are being drilled by Diamond Offshore’s Ocean Monarch semi-submersible drilling rig.
Woodside targeting Senegalese oilfield production by 2022
Woodside, is aiming to commercialise Senegal’s first ever oilfield by 2022, Mr Jamie Stewart, Woodside’s Business Integration Manager for the Senegal Field Development, told the Paydirt 2018 Africa Down Under mining conference in Perth last week. In an update on the SNE Development – Phase 1, Mr Stewart said a number of important items have already been ticked off in the lead-up to a Final Investment Decision (FID) in 2019 for the world-scale project, with a number of key decisions on the horizon.
CGG Develops a Centre for Advanced Imaging for PETRONAS Carigali Sdn Bhd
CGG and PETRONAS Carigali, a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS), have agreed on collaboration to provide access to CGG’s latest technology and expertise in high-end seismic and multi-physics imaging and reservoir characterization, the Paris-based geoscience company announced. CGG said it had received a five-year contract by PETRONAS Carigali to develop a Centre for Advanced Imaging (CAI) to be operated by PETRONAS Carigali at its headquarters in the landmark PETRONAS Twin Towers in Kuala Lumpur, Malaysia.