Browse Basin

Browse Basin: Submersible to drill for oil

Cal Energy and IBP Petroleum intend to drill for oil with a submersible rig.

The Pryderi-1 oil exploration well is located in Block WA-424-P, an IBP lease located about 200km east of Prince Regent Nature Reserve.

Upstream Online [read this story]

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Thursday, June 26th, 2014 Business and finance, Oil and gas Comments Off

Browse Basin: Ichthys ‘half way’ to completion

Inpex says construction work on its Ichthys gas project is now half complete.

The company intends to extract gas from the Browse Basin lease, piping it along the sea bed to its own processing facility near Darwin.

The West Australian [read this story]

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Thursday, June 26th, 2014 Business and finance, Oil and gas Comments Off

Browse Basin: Premier holds out for domestic gas

Premier Colin Barnett has said he expects Woodside to supply domestic gas from its Browse Basin projects.

This would require the construction of a re-gasification plant, either onshore or on a floating platform.

The West Australian [read this story]

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Friday, June 6th, 2014 Business and finance, Government, Oil and gas Comments Off

Browse Basin: Karoon sells Poseidon leases

Karoon Gas has sold its two Poseidon exploration leases to Origin Energy.

They changed hands for $US600 million, or almost $6500 million Australian dollars.

ConocoPhillips retains a 60 percent interest in the leases.

Ferret.com [read this story]

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Monday, June 2nd, 2014 Business and finance, Oil and gas Comments Off

Browse Basin: New exploration permit

The government has awarded a new petroleum exploration permit to Inpex and Santos.

The companies will jointy own a project located about 60 km north of Inpex’s existing Browse Basin project, and about 475 km from Broome.

Oil & Gas Journal [read this story]

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Wednesday, May 21st, 2014 Business and finance, Oil and gas Comments Off

James Price Point: Premier to ‘insist’ on supply base

Premier Colin Barnett says he will insist on petroleum companies building a supply base at James Price Point.

He said he would also force the Browse Basin partners to supply domestic gas.

His statement came after the re-drawing of Commonwealth-State boundaries, giving WA up to 65 percent of the Torosa gas field.

The West Australian [read this story] 

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Monday, May 19th, 2014 Government, Oil and gas Comments Off

Browse Basin: Karoon finds more gas

Karoon Gas has found a new reservoir of Browse Basin gas while exploration drilling the Poseidon 1 well.

However the company is not sure if it is reservoir it can be commercial exploited, so it is being plugged and abandoned for now.

Proactive Investors [read this story]

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Sunday, May 18th, 2014 Business and finance, Oil and gas Comments Off

‘New’ islands could boost WA Browse gas share

Geoscience Australia has found three tiny rocky islands off the Kimberley coast.

This could lead to a re-drawing of WA’s maritime boundary.

This would in turn boost the state’s share of the Browse Basin gas field to more than half.

The West Australian [read this story]

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Friday, May 16th, 2014 Environment, Oil and gas Comments Off
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