Archives for January 2025

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Barossa on-track

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Santos announced in it’s fourth quarter report, that the Barossa project is 88.3% complete and still on track for first production in 2025. The second and third wells of the six-well program have been completed with good results, both the fourth and fifth wells have been spudded.

The project consists of up to eight subsea wells and a subsea production system bringing gas and condensate to an FPSO. Water, gas and condensate will be separated at the FPSO with gas transported via an approximately 300km pipeline to Darwin. Condensate is to…

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Dorado Deferred

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On 21 January 2025, Carnarvon Energy announced that the Santos operated Dorado Phase 1 liquids development will not enter FEED and hence the previous target of FID in 2025 will be deferred.

The Dorado Joint Venture of Santos (80% and operator), Carnarvon (10%) and CPC (10%) are continuing to review the timeline for the project with additional exploration wells within the permit planned for 2026.

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Moving in the Wrong Direction: Flaring Emissions on the Rise, ‘Reversing a Positive Trend’

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Flaring emissions from global upstream oil and gas production activity increased by 7% from 2022 to 2023, according to latest Rystad Energy research. Upstream activities emit about 1 gigatonne per year of carbon dioxide (CO2) in total, with flaring contributing around 30% of those emissions in 2023 assuming 98% flaring efficiency on average. Flaring reduction is considered a low-hanging fruit for oil and gas companies trying to reduce their carbon footprint. However, this recent uptick underscores the challenges facing the industry, particularly in key producing countries such as Russia, Iran and Iraq.

 Beach Energy said it was pleased to announce successful commissioning and ramp-up of the Moomba Carbon Capture and Storage (CCS) project1, one of the world’s largest CCS projects. 

All facilities, pipelines and injector wells have been commissioned and brought online. Following first CO2 injection on 30 September 2024, daily injection has reached capacity rates, exceeding expectations for the commissioning phase and indicating the project’s potential to capture and store approximately 1.7 million tonnes of CO2 per annum. 

Brett…

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PESA Qld Members 2024 Christmas Party in Pictures

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By Sue Slater and Sarah Harris

On the first Friday of December, the Queensland Branch has held its annual Christmas Lunch at Brisbane’s Stamford Plaza, MC’d by Sue. A great day was had by all attendees.  

Thanks to all our loyal sponsors, we couldn’t run this event without them.  Velseis Seismic, Oceania Geo, Realtime Seismic and Comet Ridge, with lucky door prizes provided by Terrex Seismic. The annual oil price was sponsored by Clean Planet and won by Mike Bucknill and the Christmas table trivia…

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Finder Energy are seeking partners for PSC 19-11 in Timor-Leste

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Finder underwent a transformational change from a pure explorer to a developer through the acquisition of discovered oil fields in Timor-Leste.  Finder is now moving quickly to progress development activity on the Kuda Tasi and Jahal Oil Fields.  

Aaron Bond (Exploration Manager) said: "We are busy working through our commitments and developing our organisation to establish the requirements of an early production opportunity and a full field development.  Currently the project is in the concept select phase and progressing through the requirements to satisfy the gated process including targeting suitable…

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Geoscience workflows for CO2 storage

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A review and summary by Steve Moss

Geoenergy is a new journal co-owned between the Geological Society and the European Association of Geoscientists and Engineers (EAGE) that was established in 2023 (Geoenergy Home). The journal is dedicated to the publication of non-hydrocarbon energy geoscience and engineering research. In a similar fashion to its stable-mate journal, Petroleum Geoscience, Geoenergy focuses on the publication of timely and topical research in subsurface geoscience, critical for this new era of sustainable energy aiming to provide high quality papers of both fundamental research and case…

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Oll and Gas Industry Embraces Robots for Increased Efficiencies

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With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. 

Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a leading data and analytics company,

GlobalData’s latest thematic report, “Robotics in Oil and Gas,” highlights the role of major oil and gas companies, such as…

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QLD Student and Early Career Mixer

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Despite the heavy rain, October’s joint-industry Student & Early Career Mixer was a huge hit with budding and established geologists alike, who made their way to Milton for industry networking opportunities.

The event attracted almost 100 attendees with a roughly even split between students, early careers geoscientists and established professionals.

The night’s youngest attendee, Ben Walker (who also happens to be the son of PESA Qld’s President), was the lucky recipient of one of the networking bingo rock prizes – a quartz geode from Morocco.

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Woodside and Chevron Asset Swap

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On 19 December 2024, both Woodside and Chevron announced their agreement to an asset swap in which Woodside will acquire Chevron’s 16.67% interest in the North West Shelf Project and the North West Shelf Oil Project and it’s 20% interest in the Angel Carbon Capture and Storage Project. In turn, Chevron will acquire Woodside’s interest in 13% interest in the Wheatstone project and 65% interest in the Julimar-Brunello project.

Both companies have indicated that the transactions streamline and focus their respective portfolio’s.

Chevron will make…

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