SOUTH AUSTRALIAN COOPER BASIN EXPLORATION OPPORTUNITIES - 2004 Elinor Alexander Petroleum Group PIRSA April 2004
Jan 01, 2016
SOUTH AUSTRALIAN COOPER BASIN EXPLORATION OPPORTUNITIES - 2004
Elinor AlexanderPetroleum Group PIRSA
April 2004
SOUTH AUSTRALIAN COOPER BASIN EXPLORATION OPPORTUNITIES - 2004
Elinor AlexanderPetroleum Group PIRSA
April 2004
Petroleum and Geothermal Tenements
Petroleum and Geothermal Tenements
Exploration licence (onshore)
Exploration licence (offshore)
Work program exploration application
Over the counter exploration application
Production licence
Petroleum tenements
Geothermal tenements
Exploration licence
Exploration licence application
Potential release area
Proven trends in the Cooper and Otway
Potential for giant oil in the Officer
Potential for significant oil discoveries in the outer Eromanga, Arrowie and other basins
Evermore expeditious land access
High success rates and short cycle time to production in Cooper
Infrastructure
Data access
Acreage available
Geothermal energy
Competitive fiscal regime
Native Titleand Petroleum
licences
Native Titleand Petroleum
licences
Native Title Claimant Area
Aboriginal lands
Petroleum exploration licence
Gazetted release area
Potential release area
Native Title Access Agreements in SA
• Right to Negotiate process in SA now leverages on 39 existing agreements over 26 PELs and 2 PELAs
• SA Native Title agreements are full cycle (conjunctive)
• Agreements have been accepted as fair to the registered Native Title claimants and are demonstrably sustainable with respect to development
• Details of all agreements are available to the public via PIRSA’s website www.petroleum.pir.sa.gov.au
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1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
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Total Expl + Appr + Dev Wells
Nos. Cooper Operators
27 new PELs + PPLs
27 PELs surrender 33% to 50% of areas
Surrender of PELs
5&6
2002-3 New PELs Full-cycle native title access agreements
Find sizes up to: - 3.4 MMBBL oil - 50 BCF + liquids
Cycle time to oil production < 6 mo.
High success rates
Popular!!
SA Drilling - actuals and forecastSA Drilling - actuals and forecast
Cooper Basin oil success rates Cooper Basin oil success rates
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OIL EXPLORATION WELL COUNT
OIL
DIS
CO
VE
RY
CO
UN
T
MOOMBA 104
ACRASIA 1
STRZELECKI 3
57% Geologic Success: 12 of 21 wildcats found new pools
42% Economic Success: 9 new fields vs 21 wells (5 with pay stacked)
Increased pace of success
Long-offset seismic to pick crests
Cooper acreage releases
Cooper acreage releases
Cooper Basin Sub-crop limit
MOOMBA
CO2003–A(bids close July 2004)
CO2004 - TBA
CO2003-A: Currently open for bids
Oil and gas plays
CO2004-A: Nappamerri TroughBirkhead/Hutton oil playOne block, release at EABS2 Bids close ~ mid 2005
Permian limit
Triassic limit
Oil Pipeline
Gas Pipeline
CO2003-ACO2003-A
CO2003-A
Cooper margin oil and gas plays
Warburton Basin shelf plays
Structural and stratigraphic traps
Free CDs available