Woodside Energy has entered a gas sale and purchase agreement (GSPA) with Perdaman Chemicals and Fertilisers for the supply of gas from its proposed Scarborough gas field development project.
Located in Western Australia, the Scarborough gas field is estimated to contain 7.3tcf of dry gas. The final investment decision (FID) for the project is expected to be taken in 2020. Woodside is expected to invest between $8.5bn and $9.7bn in the development.
Woodside will supply 125 terajoules (TJ) of gas a day for 20 years, under the GSPA. The gas supply is expected to commence between 2023 and 2025, upon commissioning of the field.
The supplied gas will serve as feed for Perdaman’s Burrup Peninsula Urea plant in Western Australia. The plant is being developed with an estimated investment of $3.3bn and will have a capacity of two million tonnes per annum.
Woodside Energy is an oil and gas company, while Perdaman Chemicals is a subsidiary of Perdaman Industries. Both parties are based in Australia.
Lonestar Resources has completed the acquisition of oil and gas producing assets in the Eagle Ford Shale play from the Sabine Oil & Gas and Alerion Gas.
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By GlobalDataThe acquisition includes 2,706 net acres in the Sugarkane field located in the DeWitt County for $38.7m. The Sugarkane field is estimated to contain 13Mboe of reserves and produces 800 barrels of oil-equivalent per day (boed) from 20 wells.
The acquisition will strengthen Lonestar’s asset base in the Eagle Ford Shale play. The newly acquired assets are expected to increase the company’s production capacity range from 13,000boed-14,000boed to 13,700boed-14,700boed by 2019.
Lonestar Resources and Sabine Oil and Gas are oil exploration and production companies, while Alerion Gas is a gas exploration and production company.
All the companies involved in the transaction are based in the US.
The subsidiaries of QEP Resources have signed an agreement with Aethon III for the $735m divestment of its oil and gas assets in Haynesville/Cotton Valley in northwest Louisiana, US.
The agreement was signed by QEP Resources’ subsidiaries QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company.
Aethon III will acquire producing assets located in Haynesville/Cotton Valley, along with undeveloped acreage and associated gas gathering and treating systems.
The transaction will enable QEP to strengthen its position as a Permian pure-play company.
Both based in the US, QEP is a natural gas and oil exploration company, while Aethon Energy is a private investment firm.
Armour Energy, along with a joint venture of Santos (50%) and Shell (50%), has received exploration rights from the Queensland government for more than 900km² of land in the Surat and Bowen Basins offshore Queensland, Australia.
Armour Energy was chosen as the tenderer for Area PLR201718‐2‐4 covering an area of 457km² located on the Roma Shelf near its Kincora production facilities in the Surat Basin.
The Santos-Shell JV has been awarded the rights for Area PLR201718-2-5, which spans a 393km² area in the Surat and Bowen Basins and is located near the Wallumbilla hub operated by Santos. The acreage awarded to the JV will be operated by Santos.
Armour Energy is a gas exploration and production company, while Santos is an oil and gas company.
