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Polarcus divests Capreolus multi-client asset

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Polarcus has sold its Capreolus 3D survey offshore Australia. Polarcus said the 22,130sq km Capreolus 3D survey was sold by a company subsidiary in return for a cash consideration of US$6.5 million. Polarcus said the transaction would result in a non-cash gain of approximately $4.9 million and is subject to the execution of ancillary agreements with a target closing date on or before July 31, 2018. Last month Polarcus was awarded an XArray 3D marine seismic acquisition project in...

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Seabird set for seismic work in Norway and Asia Pacific

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SeaBird Exploration has announced a partnership deal with MultiClient Geophysical to conduct a 6000km multi-client 2D Deep Imaging Campaign on the Norwegian Continental Shelf. The company said the acquiring vessel will tow a single 12,000-meter streamer with a powerful source to image the oceanic and continental crust, for new conceptual geological understanding and improved interpretation of large-scale tectonics. “This leads to an enhanced understanding of the regional geology and...

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Qatargas North Field

‘Qatar to maintain LNG dominance despite regional embargo’

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In 2017, Qatar produced 18.1 billion cubic feet of natural gas per day (bcfd). Almost all natural gas comes from various developments on the North Field, which is considered the largest non-associated gas structure in the world. The field has a combined processing and export capacity of 77.4 million tons per annum (mtpa) of liquefied natural gas (LNG), according to data and analytics company, GlobalData. The Qatargas and Rasgas projects are the largest contributors to production on the...

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Cooper’s Sole-3 gas well exceeds requirements ahead of production

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Cooper Energy has announced that Sole-3, the first of two production wells for the Sole Gas Project located offshore Victoria, is being shut-in for future connection after successful performance of clean-up and flow back operations. Cooper, operator with a 100% interest in the Sole-3 well, located in VIC/L32, said the clean-up and flow back test was conducted on the near-horizontal 97 meter completed section of the Top Latrobe Group sandstone reservoir over a 26-hour period. Analysis...

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PESA WA QLD June technical lunch

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Queensland’s June technical lunch saw local stalwart David Lowry presenting his work on the structural restoration and maturity modelling of the Eromanga Basin. David’s long-lived career has seen him work as a field geologist for Geological Survey WA, as a well site geologist, and as an exploration geologist for WAPET, Lasmo, Sagasco and Origin Energy. He now consults from his home in the bush. The work he presented built on his previous APPEA paper (Lowry and Evans, 2011) focussed...

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PESA WA hosts another successful field trip for 2018 to Swan Valley

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Bright and early on a Sunday morning 20 intrepid PESA members met at the Boab tree in Kings park ready to embark on a tour of the Swan Valley, and an intellectual journey that allowed for the geography of our working lives to be mapped onto the geology, geography and scale of the city we live in. The morning began with an open air “powerpoint” presentation, by trip leaders Simon Lang and Neil Marshall. From a spectacular viewpoint with most of the mid and lower reaches of the Swan...

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TGS kindly donates stand-up paddle board to PESA WA Branch for an auction to support the student members

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TGS are pleased to donate a 9-foot long stand-up paddle board (valued at $2000) to PESA WA Branch to raise funds to support our student members.  TGS recognises that students are the future of our industry and their contribution provides an opportunity for someone in the PESA community to help support the students’ training efforts. For the first time in history, PESA WA Branch will be holding a silent auction for the stand-up paddle board and the winner will be announced towards the...

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APPEA calls out fake news on Australian wholesale gas prices

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The latest international survey of wholesale gas prices confirms that Australian prices are amongst the lowest in the Asia region, according to the Association of Petroleum Production and Exploration Association (APPEA). This follows the International Gas Union’s Wholesale Gas Price Survey 2018 revealing that the average wholesale gas price in Australia last year ($US4.62/MMBTU[1]) was about 40 per cent less than the average wholesale price for the Asia‑Pacific region and around...

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Future environmental leaders receive scholarships from Harry Butler Institute

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Six future environmental custodians have earned a unique opportunity to protect the wilderness with their Honours studies at Murdoch University. Ebony Cowan, Kyle Stewart, Lauren Peck, Monique Stafford-Smith, Megan Evans and Nicholas Watson received scholarships from the Harry Butler Institute, a research partnership between Murdoch University and global energy producer Chevron, to ensure the co-existence of biodiversity with business and community at different locations in Western...

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Bass Oil negotiates extension terms for acquisition of Indonesian oil field

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Bass Oil Limited says it has negotiated an extension of its settlement terms with Cooper Energy for the acquisition of its 55% interest in the Tangai-Sukananti KSO in South Sumatra. Under the agreed new payback terms, the timetable for a third payment of $500,000, due 30 September this year, has been deferred until 31 March next year. The fourth and final payment of $770,000, due to be paid by Bass to Cooper Energy by 31 December this year, has now been deferred until 30 June...

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