West Erregulla tight gasfield development project, Australia
Name and Location
West Erregulla tight gasfield development project, Australia.
Client
The project is a joint venture (JV) between Warrego Energy, Dyas and Mazarine Energy. In February this year, Warrego Energy signed an A$40-million farmout agreement with Dyas and Mazarine Energy for the appraisal and development of the West Erregulla tight gasfield.
Following the completion of the agreement and the receipt of all regulatory approvals, the equity split will provide Warrego with 20%, Dyas with 30% and Mazarine Energy with 50% of the equity.
Under the terms of the agreement, Mazarine Energy will take over operatorship from Warrego following the completion of the appraisal programme.
Project Description
The project involves the proposed development of the West Erregulla tight gasfield, located onshore within the Perth basin, in Western Australia.
The gasfield contains an estimated 185-billion cubic feet of gas in place and three trillion cubic feet of unconventional upside potential.
Value
Not stated.
Duration
First gas is expected in 2016.
Latest Developments
Three-dimensional (3D) seismic surveying is expected to start this year followed by appraisal well drilling in 2015.
The appraisal programme will proceed in two stages. A 3D seismic survey will be acquired and interpreted during 2014.
Assuming a successful survey outcome, the JV will proceed to drill an appraisal well on the West Erregulla structure in 2015. First gas is currently scheduled for 2016.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Bread PR, on behalf of Warrego Energy, Louise Nicolson, tel +44 1224 615 855 or email Louise.nicolson@breadpr.com.
Dyas, tel +31 30 2338 434 or
email Dyas@shv.nl.
Zeno Group on behalf of Mazarine Energy, Patricia Stuivenberg, tel +31 20 301 0989 or email Patricia.Stuivenberg@zenogroup.com.
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