It is also a big possibility that NT/P68 Blackwood and Heron prospects may be farmed out Petrobras very soon. Maybe the TS projects will be started together with Petrobras.
Why not..! As long as Petrobras have an appetite for gas.
MEO and Petrobras executives already know each other very well. They were communicating, eating, drinking together for months.
Let's have a look at the NTP/68 (Heron and Blackwood, Tassie Shoal Methanol Plant (TSMP) and Tassie Shoal LNG Plant (TSLNGP) projects. The information above is given for the shareholders as a lot of people have jumped on board just recently.
Extracted from various MEO reports and anns;
HERON (untested potential) GAS DISOCVERY (MEO: 90%)-Low CO2 - Suitable for LNG plant
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Heron is an exciting gas discovery that deserves additional appraisal. Unfortunately, the Heron-2 well drilled in early 2008 could not definitively test the
>200m interpreted gross gas column displaying a liquids rich gas signature on mud logs acquired while drilling.
A collapsed borehole and cyclone interruptions meant the well had to be abandoned. Several companies have made unsolicited approaches to MEO because they also recognise the untested potential of this discovery. In the event that liquids rich gas that is low in CO2 is delineated at Heron, the Company has an obvious commercialisation route via its approved LNG project proposed as one of its Tassie Shoal gas processing projects.
BLACKWOOD GAS DISCOVERY (MEO: 100%) -CO2 rich - Suitable for Methanol Plant
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In contrast to the potentially liquids rich Heron gas discovery, Blackwood is a dry gas with up to 30% CO2 and
a 49m gross gas column in the Plover formation making it a suitable feed for methanol. MEO acquired a 384km2 3D
seismic survey immediately following the drilling of Blackwood-1. The results indicated the well was drilled on a fault. Two key questions that require further
investigation are:
a) what is the extent of the structure (ie how big is it?) and
b) whether the reservoir parameters at Blackwood-1 were impacted by proximity of the well to faulting?
NT/P68 Completed and Proposed Drilling![]()
Gas processing projects proposed for Tassie Shoal (MEO: 50-90%)
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MEO has received Commonwealth environmental approvals to construct, install and operate one 3 Mtpa LNG project known as the Timor Sea LNG project (TSLNGP) and two 1.75 Mtpa methanol projects known as the Tassie Shoal Methanol Project (TSMP) on Tassie Shoal, an area of shallow water
in the Australian waters of the Timor Sea approximately 275 km north-west of Darwin, Northern Territory. These
approvals are valid until May 2052. The projects are designed to share infrastructure, logistic support systems
and benefit from a number of production process synergies. The projects can cater for a range of CO2 quality gas and are located centrally to seven undeveloped gas fields.
TOMOR SEA LNG PLANT (TSLNGP, MEO 90%)
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The 3 Mtpa TSLNGP requires approximately 3 Tcf of clean, low CO2 <4%) gas to operate for 20 years. Gas supply for the LNG plant could come from a number of regional gas fields facing economic challenges imposed by long distances from land and expensive construction costs.
During 3Q2009 MEO commissioned WorleyParsons to undertake a cost review of the TSLNGP and provide a like-for-like cost estimate of building a similar sized plant in Darwin. The results indicated that the combination of pipeline cost savings and construction cost savings by building the plant entirely in SE Asia and transporting it as a single completed module would save in excess of US$1 billion or more than 1/3 of the cost of locating a similar sized
plant in Darwin.
TASSIE SHOAL METHANOL PLANT(TSMP, MEO 50%)
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Any solution for monetising stranded gas in the Timor Sea must include an economically viable solution for dealing
with CO2 challenged gas...
MEO proposes the staged construction of two large natural gas reforming and methanol production plants, each with
an annual production capacity of 1.75million tonnes on its own concrete gravity structure (CGS)... These plants can deal with input gas containing up to 25% CO2 thereby offering gas custodians in the region a compelling case for development of stranded gas via a Tassie Shoal gas processing hub.
TASSIE SHOAL
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METHANOL and LNG PLANTS
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REMOTE NWS GAS DISCOVERIES
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TASSIE SHOAL ADVANTAGES
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