Ironbark-1 drilling regulatory approvals completed
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The Well Operations Management Plan and the Safety Case for the Ocean Apex drilling rig were the final regulatory documents required to be approved by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA). Both of these documents have now been approved.
Mobilisation of the Ocean Apex drilling rig for the Ironbark-1 well is expected to commence mid-October, with drilling expected to begin by the end of October.
Exploration permit WA-359-P is located in the Carnarvon Basin, offshore Western Australia, approximately 50 km from existing North West Shelf LNG infrastructure. The Ironbark-1 well is expected to drill to approximately 5500 m and will be the first test of the world class Ironbark gas prospect.
Cue is fully funded for its expected participating interest costs of the well through funding from farm-in agreements with partners BP, Beach Energy and New Zealand Oil & Gas and approximately US$8 million of cash reserves which have been escrowed.
The WA-359-P Joint Venture participating interests are: BP (operator) 42.5%, Cue 21.5%, Beach Energy 21%, and New Zealand Oil & Gas 15%.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/23092020/ironbark-1-drilling-regulatory-approvals-completed/
You might also like
Urgent oil and gas decommissioning could deliver 25 000 jobs for North Sea workers
Urgent action to ensure oil and gas companies meet their legal obligations to safely remove ageing oil and gas infrastructure from the North Sea could create up to 25 000 UK jobs and deliver up to £15 billion in economic benefit to the UK, a new first-of-its-kind report shows.