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Australia: BP set to farm into giant gas prospect as license term extended

first_imgCue: Ironbark is a company-changing prospect Commenting on the license term extension on Wednesday, Cue CEO Matthew Boyall said the extension was important as it satisfied a condition of previously announced agreements with BP Developments Pty Ltd (BP), Beach Energy (Beach) and New Zealand Oil & Gas to form a joint venture to drill the prospect.He said: “The grant of this extension fulfills the final material condition of Cue’s agreements with BP, Beach and New Zealand Oil & Gas. Applications have been submitted for the remaining title transfer approval condition and BP will become operator once the transfers have been approved.“High quality partners, 100 percent of well funding and permit tenure have now been secured for the Ironbark-1 well. The Ocean Apex drilling rig has been contracted and the well is expected to spud in late 2020.”“This is an exciting time for Cue. Shareholders now have the opportunity to participate in a fully-funded well with a 21.5 percent participating interest. This is a 15tcf prospect, 50 kilometers from existing LNG infrastructure. “It will be company-changing if the well is successful.” Matthew Boyall said.Exploration Permit WA-359-P is located in the Carnarvon Basin, offshore Western Australia. The Ironbark-1 well is expected to drill to 5500 meters. It will be the first test of the Ironbark prospect.Offshore Energy Today Staff The Australian authorities have granted an extension for Cue Energy’s work program and permit term over an offshore license containing what is believed to be a giant gas prospect Ironbark. This opens doors for BP and other partners to farm-into the block, under terms signed in October last year.The Ocean Apex rig will be used for the Ironbark prospect / Image by Diamond Offshore DrillingCue on Wednesday said it had received approval of a suspension and extension to the work commitments for the WA-359-P years 3 and 5 for 24 months until April 25, 2021. A corresponding extension to the permit term has been approved to April 25, 2021.“The approval allows a suitable timetable for the Ironbark prospect in the permit to be drilled next year. Cue estimates Ironbark contains a best estimate 15tcf of prospective recoverable gas resource,” Cue Energy said.While Cue Energy currently holds a 100% share in the license, oil and gas major BP is acting as operator on behalf of Cue under a coordination agreement that will see BP, NZOG, and Beach Energy farm-into Ironbark this year.BP has this week submitted an environment plan for a pre-drilling survey at the Ironbark project. The company in February hired Diamond Offshore-owned semi-submersible drilling rig Ocean Apex for the drilling of the Ironbark prospect, with the spud date set for late 2020.The article continues below the mapcenter_img Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.last_img read more

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Syracuse struggles to score again, falls twice to Notre Dame

first_img Published on April 8, 2018 at 2:58 pm Contact David: [email protected] Syracuse (18-17, 4-10 Atlantic Coast) dropped both games of its doubleheader against Notre Dame (26-12, 10-4) on Sunday in South Bend, Indiana. The Orange was blown out, 8-0, in six innings in the first game, before suffering a 5-1 loss in game two. SU has now lost eight straight games in the ACC after starting 4-2.The Fighting Irish were the first to get on the board in game one when Sara White hit a two-out, three-run home run in the bottom of the first. In the third, Syracuse gave itself a chance to even the score when two singles and a hit by pitch loaded the bases, but Alicia Hansen popped out to end the inning. In the fourth, UND added to its lead after Hannah Dossett mishandled a ground ball, allowing Abby Sweet to come home from third base.Starting in the circle for the second-straight game was Alexa Romero, who, after a stellar two-hit outing on Friday, gave up three runs in the first before being replaced by AnnaMarie Gatti in the second. Gatti remained in the circle for the rest of the game, allowing five runs, three of which were unearned.After the third inning, SU’s bats quieted while the Fighting Irish’s stayed hot. In the final three innings, Neli Casares-Maher had the only hit for Syracuse, and UND added five more runs to gain an 8-0 advantage. Despite the size of UND’s lead, the Fighting Irish only outhit the Orange nine to five. All five of SU’s runners were left on base.Having used Romero and Gatti in the first game, SU turned to Miranda Hearn to make her second start of the season in game two of the doubleheader. The freshman struck out three of her first four batters and held the Fighting Irish scoreless through two innings.AdvertisementThis is placeholder textAfter scoring one run in the last two games, SU’s bats woke up at the start of game two. Sammy Fernandez began the game with her 206th career hit, tying Tanya Rose for the program record. Three batters later, Casares-Maher drove in Fernandez with a sacrifice fly, giving the Orange a one-run lead.SU held its lead until the third inning, when UND tallied two runs with consecutive hits to take the lead. Two innings later, what was a close game quickly turned into another Notre Dame hitting clinic, when Katie Marino doubled to drive in another run and Sweet launched a two-run long ball, giving ND a 5-1 lead.The Orange had a chance to come back with two outs in the top of the seventh, when Gabby Teran, the only SU player with more than one home run this year, came to the plate with the bases loaded. Teran made solid contact and lined the ball to left field, but it was met by Cait Brooks, who caught it to make the final out.Syracuse will resume play on Wednesday when it travels to Siena for a doubleheader starting at 3 p.m. in Loudonville, New York. Comments Facebook Twitter Google+last_img read more