Page 19: of Offshore Engineer Magazine (May/Jun 2014)

18 20

Global Briefs data were used to calculate the resource estimates. Water depths are 25 to 110m. FAR is planning to acquire a new 3D seismic survey over both per- mit areas in mid-2014

B

N

Roc Oil exits BMG

Roc Oil has farmed out its entire interest in the Basker-

Manta-Gummy (BMG) felds

I in the Bass Strait. The

L

Australia-based frm sold its

H 50% interest and operator- ship to Cooper Energy Ltd. for a US$924,959 cash pay- ment, followed by a A$5 mil-

K lion contingent consideration,

F

G subject to frst hydrocarbons

J from a commercial develop-

M

R ment. The transaction, effec-

E tive 1 Jan 2014, includes the

D C transfer of all remaining ROC

BMG liabilities to Cooper, resulting in a reversal of

N O

ROC’s full abandonment obli- gation, netting the company

US$32 million.

Cooper now holds a 65%

L next month reveals that cracks missed a target date to agree in the Madura offshore pro- total interest in the feld, 15%

FLNG hull launched remain in the offshore portion a deal which would see duction sharing contract. The Petronas launched the hull of acquired form Beach Energy of its pipeline. The company Woodside take a 25% stake project is expected to have its frst foating LNG facility, Ltd., which retains a 35% said it cannot give a restart in the two petroleum licenses gross peak production of PFLNG SATU, at the Daewoo interest in the feld. date for the development until containing the Leviathan 25MMcf/d. Shipbuilding & Marine

O

New Zealand block it determines what repairs are feld—349/Rachel and 350/ Engineering shipyard in Okpo,

K

Roc Oil farm-in offering required. Amit. South Korea. The facility, tar-

The US$50 billion pipe-

Woodside and its partners Roc Oil Ltd. farmed in to a geted for completion 4Q 2015, New Zealand’s Minister of line began production in agreed in principle under a production sharing contract will be the world’s frst foat- Energy and Resources Simon

September 2013, but was non-binding memorandum in three felds about 50m off ing LNG facility in operation. Bridges announced the coun- halted weeks later after gas of understanding (MOU), Malaysia. The D35, D21 and The launch took place 5 April. try’s third block offering. Up leaks were detected in the with a target date to execute J4 felds are 100% owned for grabs is a total of 405,000sq

M

FAR evaluates pipeline’s network. a fully-termed agreement and operated by Malaysia’s km, including both on and off-

Aussie blocks

The deal by 27 March 2014. Petronas Carigali, with Roc shore acreage. Offshore release

J

Peluang produces would see Woodside become

Oil holding 50% participat- Melbourne’s FAR Ltd. has areas include the Reinga-

Australia-based Santos Ltd. ing interest. Roc Oil farmed identifed multiple pros- Northland Basin; the New operator of any LNG develop- announced that natural gas in US$25 million plus a carry pects with total resources of Caledonia Basin; the Taranaki ment of the feld, with Noble production has commenced with the 50% interest of $80 447MMboe (unrisked best Basin; the Pegasus-East Coast

Energy remaining the upstream operator. ahead of schedule from million for the project spread estimate basis) in its explora- Basin, and the Canterbury and the Peluang gas project off- over Phases 1 and 2. Petronas tion permit areas off the in Great South basins.

I

Further shore East Java in Indonesia. Carigali will continue as the Dampier basin in Western The invitation for bids for

Kashagan delays

Sanctioned in February operator of the PSC, retain- Australia, WA-457-P and block offer 2014 closes on 2013, Peluang is a tie-back to The Kashagan oilfeld devel- ing responsibility for opera- WA-458-P. 25 Sep 2014. Permits will be the existing facilities at the opment in Kazakhstan may tions and maintenance of the Vintage 2D and 3D seis- granted between December •

Maleo gas feld and is located be delayed to restart if testing facilities. mic data and existing well 2014 and March 2015. oedigital.com May 2014 | OE 21 020_0514OE_GlobalBriefs_new.indd 21 4/18/14 6:10 PM