COVID-19

MinRes to delay Perth Basin work by year

COVID-19 impacting operations, though other Perth Basin players full steam ahead 

This article is 4 years old. Images might not display.

Energy News is making some of its most important coverage of the COVID-19
pandemic freely available to readers, For more coverage, please see our
COVID-19 hub.
 
The large Perth-based miner's subsidiary Energy Resources holds nine permits across the Perth Basin and is run by former Norwest Energy managing director and basin veteran Shelley Robertson. 
 
MinRes also currently holds over 17% of Norwest shares, and took a 19.9% share in late December last year. The two also share two Perth Basin permits in an 80%-20% split. 
 
The miner's interest in gas supply has been clear for some time and at the end of 2017 it made a failed tilt at AWE to secure its 50% share of the Waitsia gas field in the basin. 
 
Its interest in gas is to reduce reliance on diesel and resulting carbon emissions as well as provide a measure of energy and price security. 
 
It said this quarter it had been progressing its exploration program and was focussed on a high impact conventional gas drilling program in its northern acreage but is in the process of applying for a 12-month suspension to the Department of Mines Industry Regulation and Safety. 
 
On April 1 it submitted a force majeure claim "to cover all exploration programs" against the impact of COVID-19, allowed under the Western Australian Petroleum Act guidelines. 
 
Given the national offshore  titleholder authority NOPTA and other state jurisdictions like South Australia have allowed exemptions MinRes says it is confident its application will be successful. 
 
Mitsui, the ultimately successful bidder for AWE and the Perth Basin Waitsia field, recently advised no change to its plans to progress Waitsia stage 1 while Strike Energy which holds Tcf-potential West Erregulla is hoping costs come down so it can expand its drilling program this year. 
 
 
 
 
 
 
 
 

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

Energy News Bulletin Future of Energy Report 2024

With the global energy market in constant development, this report captures the sentiment of key industry players on the future of energy in Australia – and how it has changed through 2024.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.