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Study Shows Stuart Petroleum's Cooper Basin Acreage May Have 60 Tcf of Gas in Place
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[2010/07/29]
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 Stuart Petroleum Limited (Stuart) has received expert advice that its Cooper Basin tenements have the potential to contain world class resources of natural gas in two media - shale and coal. Denver based unconventional gas experts MHA Petroleum Consultants delivered a scoping study which concludes that Stuart’s 100 percent owned Petroleum Exploration Licence (PEL) 516, just south of Santos and partners’ Moomba gas plant in South Australia’s far north, has the potential to contain between 38 tcf and 60 tcf of shale gas-in place (GIP) in the Allunga Trough and the Mettika Embayment. This shale gas study follows a coal gas study undertaken by MHA earlier this year which concluded that Stuart’s Cooper Basin coals have the potential to contain in excess of 20 tcf of GIP.
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Eni Starts Up Offshore Gas Production from the Tuna Field in Egypt
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[2010/07/19]
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 Eni has started gas production from the Tuna field, within the Temsah Concession, which is located in the Mediterranean off the coast of Egypt, the company announced July 19. By the end of its ramp-up period in September, this project will produce 160 MMcf/d of gas. The project consists of a new 4 leg platform in approximately 80 meters of water, three producing wells and 14 kilometers of 24" pipeline connecting to existing infrastructure. Eni owns a 50 percent participating interest of the Temsah concession through its fully owned affiliate IEOC, with the remaining 50 percent owned by BP. Petrobel, a joint operating company equally owned by IEOC and EGPC, is the operator of the Tuna project.
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Artumas to Monetize Mnazi Bay Gas in Possible Petrochemical Project
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[2010/07/08]
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 Artumas Group (Artumas) announced July 7 that the company has signed a Memorandum of Understanding (MOU) with the Government of Tanzania and the Tanzanian Petroleum Development Corporation to proceed with a pre-feasibility study into the monetization of the natural gas assets in Mnazi Bay with a focus on ammonia/urea/methanol. The pre-feasibility study will assess the economic viability of a world-scale ammonia/urea/methanol project, as well as examining alternative monetization projects using the substantial gas resources in Mnazi Bay, Tanzania. The project, if proven viable, would be East Africa’s first world-scale petrochemical project. The MOU provides for a 12 month development period to define and assess the economic viability of a project. It further allows the project to be considered for development within the framework of the existing Production Sharing Agreement. ... Read more
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Petronas May Export Gas from Ethiopia in 2015
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[2010/07/02]
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 Petronas may begin exporting gas from Ethiopia in 2015 after a production build-up from its Calub and Hilala gas fields, Bloomberg reported July 2, citing a Mines Ministry official. "After five years, Ethiopia will become a producer of natural gas. Our focus will be on the export sector since the local market will consume little," said Eshetu Chala, a senior economist at the ministry. Annual production rates have yet to be determined. "Drilling is going on, but the output capacity will be determined after an appraisal of reserves," said Chala. In 2007, Petronas paid US$80 million for the rights to develop the fields. The fields are located in the Ogaden basin and may contain as much as 4 tcf of recoverable gas. Petronas also plans to build a gas-treatment plant and gas pipeline to a port in Djibouti for US$1.9 billion, according to the Reporter, an Ethiopian newspaper.
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Dominion Targeting 7 Tcf in Alpha Prospect Offshore Tanzania
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[2010/06/28]
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 Dominion Petroleum (Dominion) announced June 28 the results of a competent persons report (CPR) on the first prospect in Block 7, offshore deep-water Tanzania. The "Alpha" prospect has a mean prospective resource of 1.104 billion barrels of oil or 7.069 tcf of gas, based on the CPR recently concluded by Energy Resource Consultants Ltd. (ERC). ERC have risked the prospect with a 12 percent Chance of Success (CoS) as a whole (differing CoS for different objectives ranging from 9 percent-15 percent within Alpha); net risked mean resource: 134 MMbo or 848 bcf. Alpha is in water depths of up to 4,000 feet and represents multiple drilling objectives all the way down to 16,000 feet. ... Read more
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Report Highlights Large Shale Gas Potential in Australia's Canning Basin
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[2010/06/23]
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 New Standard Energy (NSE) announced June 22 a number of significant advances and developments pertaining to the company's exploration efforts in the Canning Basin, Western Australia. The recent developments include a new independent report confirming the large shale gas resource potential of the Goldwyer sub-basin in the Canning Basin. An independent and publicly available upstream industry report produced by RISC has confirmed the resource and commercialization potential of the Goldwyer shale exploration play in the Canning Basin, NSE said. ... Read more
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Kea, Methanex Strike Gas in Taranaki Basin
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[2010/06/16]
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 Kea Petroleum (Kea) announced June 16 that the Beluga-1 well, in exploration permit PEP51155 in the Taranaki basin of New Zealand, has reached a total depth of 4,100 m, having intersected a number of sands with indications of hydrocarbon presence, including a zone which encountered higher pressure. Gas was detected on the surface and waxy condensate coated the upper parts of the drill pipe. Wireline logs will enable Kea and its partner Methanex to evaluate the significance of these shows and to make a decision whether to case the well in preparation for flow testing. In January 2010, Kea and Methanex entered into an agreement whereby Methanex will contribute up to US$10 million to drill, complete and test one exploration well (Beluga-1) on Kea’s permit PEP 51155. ... Read more
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Magellan Acquires Santos' Evans Shoal Stake
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[2010/06/10]
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 Magellan Petroleum Corporation (Magellan) announced that Australia’s Foreign Investment Review Board has indicated they have “no objection” to Magellan’s acquisition of Santos' 40 percent interest in the Evans Shoal natural gas field (NT/P48). The Evans Shoal field is very large with estimated contingent natural gas resource of between 6.5 and 8 tcf, including CO2 content and gas condensate resource totalling more than 30 million barrels. ... Read more
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Indonesia Slates 70 Percent of Donggi-Senoro Gas for Exports
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[2010/06/04]
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 The Indonesian government has decided that 70 percent of gas production from the Donggi-Senoro fields in Central Sulawesi will be exported. According to the Ministry of Energy and Mienral Resources, the gas export percentage was a final option based upon the calculation that the fields did not contain sufficient gas to cover domestic gas supply until 2014. The gas will be exported from the planned PT Donggi Senoro LNG plant. The domestic gas needs will largely be supplied by other sources, such as ExxonMobil's Cepu block. ... Read more
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Petrobras Acquires Block Offshore New Zealand to Support LNG Plans
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[2010/06/01]
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 Petrobras announced it acquired 100% of the rights for Block 2, located in the Raukumara Basin, offshore New Zealand. The block was offered in a public tender organized by the New Zealand Government (Block Offer 2010), held in January 2010, in which Petrobras was the highest bidder. On June 1, Petrobras and the Government of New Zealand formalized the agreement, and the company was granted the Petroleum Exploration Permit for Block 2. ... Read more
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