Cue Energy Resources Ltd has advised that through its 100% owned subsidiary, Cue Exploration Pty Ltd, the 42.5% equity option over exploration permit WA-359-P granted to BP Developments Australia Pty Ltd (BP), as announced on 13 October 2016, has been extended by 6 months until 25 October 2018.
Statoil has awarded Aibel the contract for the refurbishment and lifetime extension of the Njord Bravo Floating Storage Unit (FSU) of as a part of Statoil’s “Njord Future Project”.
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Eco (Atlantic) Oil & Gas Ltd has provided an update on the processing and interpretation of its recently acquired 3D seismic on the Company’s Orinduik Block, offshore Guyana.
The Helicopter Operations Industry Work Group (IWG) launched the newly developed guidelines following a review in March 2017, with many key industry bodies, organisations and providers offering input.
Two leading players in industrial training and simulation are joining forces to create a unique new technology-focussed organisation which will help the global energy industry work smarter, safer and more efficiently.
SPS has been used to permanently reinstate deck areas on-board Modec’s, ABS Classed, FPSO, Baobab Ivoirien MV10 whilst on station 25 km off the Ivory Coast.
Following the acquisition of additional acreage earlier this month, the company continues to earn into a 75% working interest in a total of approximately 80 000 acres in the Paradox Basin.
The 210 000 ft² base is the company’s global HQ and engineering centre for its wireline equipment manufacture and provides after-sales support for all NOV intervention equipment in Europe, Africa and the CIS.
FairfieldNodal announced its acquisition of the Geokinetics, Inc. US multi-client data library.
Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, announces the following operations update on the Opuama-9 infill well in licence OML 40.
ConocoPhillips has announced it has concluded its 2018 winter exploration and appraisal programme in Alaska.
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The company, a leading subsea services provider to the oil and gas industry, provided its divers with the innovative Compact Bailout Rebreathing Apparatus (COBRA), during a recent contract with BP North Sea.
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The e-cd™ Plus system is designed to automate and enhance continuous circulation connections during drilling and tripping operations.
The storage vessel will be prepared for extended operation of the Njord and Hyme fields, as well as tie-in of two new field developments in the Norwegian Sea, Bauge and Fenja.
Eni announces the approval of the Plan of Development (POD) for the Merakes field located in the East Sepinggan PSC in the Makassar Strait, offshore East Kalimantan, Indonesia.
Anglo African Oil & Gas plc, an independent oil and gas developer, has announced an operational update at its 56% owned Tilapia field in the Republic of the Congo.
Longitude Engineering has developed a cost effective decommissioning barge concept for the safe removal of small oil and gas platforms for the PTT Exploration and Production (PTTEP), a subsidiary of the Thai state owned oil company.
Carnarvon Petroleum Limited has provided the following update on the commencement of drilling at the Phoenix South-3 well as advised by the operator, Quadrant Energy.
Union Jack Oil plc, a UK-focused onshore hydrocarbon production, development and exploration company has announced positive initial production results from the recent well workover programme.
Santos welcomes the Northern Territory Government’s decision to implement the prerequisite conditions for recommencement of onshore gas exploration by the end of 2018.
Mohd. Mansour Esreb, based in Doha, Qatar will work with READ to drive new business opportunities and support the company’s valued existing relationships in the region.
Gardner Denver’s newest facility will be fully stocked with aftermarket drilling supplies, including consumables and modules, 24/7 field service and customer support.
A response to operators’ desire to increase performance while decreasing costs, it enables operators to bring traditional service spend in-house, driven by Airswift and its contractors.
Cue Energy Resources Ltd has advised that through its 100% owned subsidiary, Cue Exploration Pty Ltd, the 42.5% equity option over exploration permit WA-359-P granted to BP Developments Australia Pty Ltd (BP), as announced on 13 October 2016, has been extended by 6 months until 25 October 2018.
WA-359-P Permit
The exploration permit term of WA-359-P currently expires on 25 April 2018. Cue has submitted a suspension and extension application to the National Offshore Petroleum Titles Administrator (NOPTA) to allow new technical information to be incorporated into the Ironbark-1 well planning process.
Ironbark Prospect
Ironbark is a giant Mungaroo Formation prospect that is mapped with an area of up to 400 km2 and a best technical estimate of 15 trillion cubic feet (Tcf) of prospective recoverable gas resource based on an internal assessment performed by Cue.
The Ironbark prospect is less than 50 km from the North Rankin platform (North West Shelf LNG) and in close proximity to Pluto and Wheatstone LNG infrastructure, providing cost effective commercialisation options.
BP and Beach Energy Agreements
As previously announced, Cue has executed agreements with BP and Beach Energy related to equity in WA-359-P. Through these agreements, 75% funding for the Ironbark-1 well has been conditionally secured. Cue is continuing discussions on funding options for the remainder of the well cost.
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