AWE Updates on Developments at its Assets in Australia, New Zealand

AWE Limited gave an update on developments at its assets in Australia and New Zealand when the company made a presentation Tuesday at the Good Oil Conference in Australia. 

On the BassGas project in permit T/L 1, offshore Bass Basin, Tasmania, workovers of Yolla-3 and Yolla-4 wells were completed and the wells are now producing near plant capacity. The BassGas project joint venture - comprising AWE, Origin Energy (operator) and Toyota Tsusho - is expected to make a final investment decision (FID) for 2 development wells under the BassGas Mid Life Enhancement Project (MLE) in the September 2013 quarter. Drilling of these wells is planned for 2014 and installation of the gas compression and condensate pumping modules on the Yolla platform will follow later.

In the Perth Basin, which covers an area of 1,305 square miles (3,380 square kilometers) across 10 licenses, there are plans to drill 2-4 wells in 2014. The focus is on developing tight gas first; moving forward at Senecio and Corybas and continue testing shales at Arrowsmith-2 for remainder of this year, and drill Drover-1 well in southern hub of the Perth Basin. AWE said the availability of existing gas infrastructure improves case for commercialization especially as the outlook for gas market and price is attractive in the medium to long term, with forecast strong growth in domestic consumption in Western Australia.

Over in New Zealand, preparations are being made to drill the Oi prospect, which is located 7.46 miles (12 kilometers) northeast of the Tui field, in Petroleum Mining Permit (PMP) 38158. Oi exploration well is targeted to spud in early November, followed by the Pateke-4H development well in early December.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  UKJV Confirms Commercial Settlement of... (Aug 30)
 -  Origin Commences Production from Halla... (Aug 30)
 -  Chevron Inks 10 Year Deal to Supply LN... (Aug 30)
 -  Lamprell to Compensate Ensco for Delay... (Aug 29)
 -  FPSO Armada Kraken on Track for North ... (Aug 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Professional Engineer (PE) - BOP Engineering
Expertise: Subsea Engineer|Subsea Engineering|Well Control
Location: Houston, TX
 
Staff Engineer (MN)
Expertise: Engineering Technician|Field Development
Location: Minneapolis, MN
 
District Representative III - UCR
Expertise: Chemical Engineering|Petroleum Engineering|Sales
Location: Sugar Land, TX
 
search for more jobs

Brent Crude Oil : $49.26/BBL 1.32%
Light Crude Oil : $46.98/BBL 1.38%
Natural Gas : $2.85/MMBtu 0.69%
Updated in last 24 hours