Australia-based Beach Energy will farm into two adjoining permits in the Carnarvon Basin offshore Western Australia that contain the gas-condensate prospect Ironbark. Ironbark map. Source: Cue Under the agreement…
New Zealand Oil & Gas (NZOG) is upping the potential at the Barque prospect offshore New Zealand, following an updated analysis. Barque is offshore South Canterbury and North Otago, in the Canterbury basin, approximately 60km from shore east of Oamaruat…
Australia’s 3D Oil has commenced a farm-out process for its Otway Basin permit T/49P, offshore Tasmania. Image from 3D Oil. In T/49P, 3D Oil is the operator and holds 70% interest…
Beach Energy and Cooper Energy have accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to convert the Basker, Manta and Gummy gas field permits VIC/L26, 27, and 28 (BMG joint venture) in the offshore Gippsland Basin into retention leases…
A New Zealand joint venture consisting of New Zealand Oil & Gas (NZOG), Tag Oil, and Beach Energy will relinquish the Kaheru permit offshore New Zealand due to the current economic conditions, according to partner Tag Oil. Map of Kaheru…
Falklands and Mediterranean-focused explorer Rockhopper Exploration has taken a step forward in its plans to develop an offshore Italy oil field. The firm's Ombrina Mare field environmental impact assessment has been approved by Italy's…
Australia’s Woodside Petroleum will exit the Lake Tanganyika South block it farmed into last July, according to partner Beach Energy. Beach Energy made the announcement on 27 May that Woodside decided not to enter the next phase of exploration on the production sharing agreement (PSA)…
Perth, Australia-based Woodside Petroleum will farm into 30% of the Tilapia production sharing contract offshore Cameroon, the company announced on 14 October. The company signed an agreement with Tilapia partners Noble Energy and Glencore for the block…
Cooper Energy Ltd. announced that the Elliston-2 oil development located in PPL 249 on the western flank of Cooper basin in South Australia, spudded and of 22 July, the rig was drilling a 12 ¼ in. hole at 162m. Elliston-2, a vertical well located 250m south-southwest of Elliston-1…
West Australian independent Woodside Petroleum Ltd. has farmed-in to the 7200sq km Lake Tanganyika South Block, Tanzania. Beach Petroleum (Tanzania) Ltd., a wholly owned subsidiary of South Australia's Beach Energy Ltd., will transfer…
Roc Oil has farmed out its entire interest in the Baker Manta Gummy (BMG) fields in the Bass Strait. The Australia-based firm sold its 50% interest and operatorship to Cooper Energy Ltd. for a US$924,959 cash payment, followed by a A$5 million contingent consideration…
New Zealand’s offshore exploration prospects have risen after a renewed interest in the region. Today, Shell New Zealand, and its partners OMV New Zealand and Mitsui E&P Australia, announced plans to drill an exploration well in Production Exploration Permit (PEP) 50119…
Beach Energy announced that drilling is expected to begin on the 01RX Cobalcescu South exploration well in Block EX-28 offshore Romania. According to the company, the well will be spudded during Beach Energy’s August reporting period…
South Australia's Beach Energy Ltd. discussed the results of its 2012 inland offshore exploration program in western Tanzania in an investor presentation last month. Wholly owned subsidiary Beach Petroleum (Tanzania) Ltd. holds 100% interest…
Oilfield activity in the Mediterranean region was disrupted by extreme political events last year across northern Africa. The ‘Arab Spring’ revolutions in Egypt, Libya, and Tunisia, as well as the continuing conflict in Syria shut down most non-essential activity…
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