2011 PETROLEUM OPPORTUNITIES IN SOUTH AUSTRALIA
ELINOR ALEXANDER, PETROLEUM AND GEOTHERMAL GROUP
SOUTH AUSTRALIA
Pedirka Basin
CooperEromanga Basin
SimpsonBasin SA’s PETROLEUM
PORTFOLIOSA’s PETROLEUM
PORTFOLIOOfficer Basin
Cooper
BasinArckaringaBasin
Moomba
• Conventional oil and gas
PORTFOLIOPORTFOLIO
ArrowieBasin
OlympicDam Mine
• Frontier and mature basins• Shale gas, tight gas
Coal seam gas
P ld B i
• Coal seam gas• Coal gasification plays• Gas storage
StansburyBasin
Bight Basin
Polda Basin Gas storage
BasinBasin
Petroleum exploration licence (Onshore: PEL Offshore EPP)
Otway Basin
Petroleum exploration licenceapplication (PELA)
Petroleum production licence (PPL) Gas pipelineGas and liquids pipeline
Oil pipelineAcreage release block
Retention licence (PRL)
Greenhouse gas storage area ILUA
Acreage release block
LAND ACCESS AGREEMENTS INAGREEMENTS IN PLACE NOW
A variety of access agreements with native title claimants and indigenous owners are in place for 42 PELs
Agreements cover exploration and production phases
Agreements are fair to i di l d
200 km
indigenous people and sustainable for petroleum E&PILUA
Native title Claims with RTN agreements
APY/MT Owned Lands
Freehold Land
Parks and Reserves – no petroleum exploration access
Other Aboriginal Lands
Petroleum Exploration Licence granted via access agreement
p p
Cooper Basin Acreage• CO2010: 3 blocks available now
• work program bidding closes 10th March 20112011
• Oil and gas targets
• Application fee US$3,634Application fee US$3,634
• Get your free info CD from stand 649
UPSIDE• More structures to be found in seismic-
poor areas• 3D seismic -new stratigraphic traps• New unconventional gas plays• Cambro-Ordovician Warburton Basin
• CO2009: closed Oct 2009• 11 companies applied• Winning bids: 37 guaranteed wells,
1000k 2D 700k 2 3D~1000km 2D, 700km2 3D
SHALE GASBeach Energy (First mover)Early Permian playEncounter 1 completed good shows multi-Encounter 1 completed, good shows, multistage frac plannedHoldfast 1 drilling nowBeach estimate potential gas in place >200 TCF i N i T h
Roseneath ShaleE. Permian
TCF in Nappamerri Trough
Stuart PetroleumSignificant shale gas potential in PEL 516Significant shale gas potential in PEL 516 Estimate 38 - 60 TCF gas in place in the Allunga Trough-Mettika Embayment
Santos LtdReserves and resources, both conventional and unconventional, suggest at least 3Xs as
h i i th C B i thmuch gas remains in the Cooper Basin than has already been produced
Dullingari GroupOrdovician
COOPER BASIN AND US SHALE GAS BASINS
Cooper Basin inset from Beach Energy Presentation, “Cooper Basin Shale Gas”, April 2010
COMPARISON OF BARNETT AND COOPER SHALE GAS PLAYS
Moomba 77 – Cooper Basin
Roseneath Shale
100 200GR
Roseneath Shale (191’, 58m)
Epsilon Formation
REM*Roseneath-Epsilon-Murteree
Barnett Shale* Epsilon Formation (224’, 68m)
Murteree Shale
Siliceous mudstone Type II source rockThickness: 400-500’TOC Ave: 5%
Barnett Shale*Siliceous mudstone Type II source rockThickness: 250-500’TOC Ave: 5%
(163’, 50m)
*From Beach Energy presentation “Cooper Basin Shale Gas” Gordon Moseby 30From Beach Energy presentation Cooper Basin Shale Gas , Gordon Moseby, 30 March 2010
Wireline log through Barnett Shale from Kinley et al, 2008 “Hydrocarbon Potential of the Barnett Shale (Mississippian), Delaware Basin, west Texas and southeastern New Mexico” AAPG v92, No 8southeastern New Mexico AAPG v92, No 8
ENORMOUS VOLUMES OF GAS TRAPPED IN DEEP COOPER BASIN COALS
01000200030004000Total Gas
Wimma 1 – Patchawarra Formation Moomba 77 – Patchawarra FormationTotal Gas
0.1 1 10 1000100
DTGR
45f t coal seam at ~11,155 ft
http://www.santos.com/library/110909_International_Investor_Presentation.pdf
2800 units Total Gas
30 ft coal seam at ~9514 ft~900 units Total Gas
Otway Basin• No current onshore acreage release• Some operators are interested
Asphaltite, KI (oil source)
pin farm in deals• President Petroleum to drill Northumberland 2 in Q1 2011
Update – hollicks 1? Northumberland 2??Northumberland 2 in Q1 2011• Oil and gas play trends• Pipeline infrastructure - access
Add length
pto SE Australian gas market
PEL255
Gas
WellsGasCO2
Oil showsGeothermalDry Northumberland 2
Officer Basin
“The last onshore Australian frontier”
• Officer Basin Energy (Rodinia -Calgary)
• Standard-Dawnpark (Ahava -Adelaide)
• 4 known petroleum systems• Linc Energy Maglia 1 oil show,
follow up drilling in 2011• High risk high reward – largeHigh risk, high reward large
structures, salt seal
Source ChargeSeal (salt)Reservoir
Bight Basin
• EPPs 37 to 40 granted to BP• EPPs 37 to 40 granted to BP Exploration 17 Jan 2011
• Primary program $605m (11 400 km2 3D; 4 wells to 2014)(11,400 km2 3D; 4 wells to 2014)
• Blocks S10-1 & 2 closed 11 Nov, announcement soon
• Nominations from industry sought for 2012 release blocks
SA oil and gas Sales of Gas (PJ)
180
200 20
Cooper Basingproduction
120
140
160
180
15
Otway Basin
Q. How to address falling production?
60
80
100
5
10
Oil 0
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40
70 74 78 82 86 90 94 98 02 06 10
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A.
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s
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