EXPLORATION

PNG gas survey almost done: Cue

A CONSORTIUM of Australian Stock Exchange-listed companies led by Santos has nearly completed a f...

This article is 18 years old. Images might not display.

In a statement today, junior partner Cue Energy said the survey, which comprises seven geological traverses covering 40km, was designed to provide a better structural picture of the field and thus a narrower range of potential recoverable gas volumes.

To date, Barikewa is assessed to contain about 800 billion cubic feet of recoverable gas. But Cue has previously said the field was favourably located to provide gas feedstock to a future chemical plant.

The field is about 3km from the proposed route of the ill-fated PNG-Queensland gas pipeline.

Operator Santos and Oil Search each hold a 42.553% interest in the field, in partnership with Cue Energy (14.894%).

The joint venture’s five-year lease is due to expire later next year.

TOPICS:

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.