"The 2011 data package contains approximately 47 500 km2 of 3D and 503 000 kms of 2D. 2D projects have been divided into six main regional areas over the acreage and the workstation package has a variety of culture data loaded including well header data, bathymetric, magnetic and gravity grids and/or geo referenced tiffs. This year the well logs for the Perth area have been loaded into the workstation package. All other well logs if available will be located on the 2TB drive as digital files or scanned tiffs. New seismic data for the 2011 release has been loaded primarily as 16 bit. 3D seismic surveys have generally been kept as separate projects except for the Victoria regional project which contains the 3D-Geo 50 metre phase matched merged grid for the Gippsland 3Ds."
"Production at Casino started in February 2006 and currently flows gas into the Iona plant at a rate of 90.5 million cubic feet per day (MMcfd) of gas while the Otway gas project has been flowing since mid 2007.
BHP’s Minerva field produces about 122.6MMcfd to 132MMcfd of gas along with 530 to 575 barrels of condensate per day."
"La Bella gas field will allow it book an immediate best estimate (2C) contingent resource of 158 petajoules (149 billion cubic feet) of gas and 1.2 million barrels (MMbbl) of condensate."
"The proposed $150-200 million (Australian) development of BHP Petroleum Pty. Ltd.'s Minerva natural gas field in the Otway basin off western Victoria has moved a step closer to reality with the publication of the project environmental impact assessment. The field contains proven reserves of 222.4 bcf and lies just 12 km off Port Campbell-an area well known for its tourist attractions, including the Twelve Apostles rock formations."
"HOUSTON, Jan. 19 -- BHP Billiton Ltd., Melbourne, started production from Minerva gas field on the offshore VIC/L22 Block in Australia's Otway basin.
Two subsea wells in 60 m of water 10 km offshore will initially produce 121-130 MMcfd of gas through a single buried flowline. A new 140 MMcfd gas processing plant at Port Campbell, Victoria, will recover 530-575 b/d of condensate (OGJ Online, Dec. 13, 2004)."
QFY Price at posting:
5.1¢ Sentiment: LT Buy Disclosure: Held
