MEO Readies Rig

Tuesday, October 02, 2007
MEO'S long-standing plans to commercialize stranded gas in the Timor Sea are about to move forward with the arrival off Darwin of the West Atlas jack-up drilling rig. The newly constructed rig, owned by Seadrill, has been shipped from Singapore on the semi-submersible open-deck heavy-lift transport carrier Blue Marlin. The transporter is able to sink its load deck below sea-level to allow equipment to be floated off without using cranes. MEO, which used to be Methanol Australia, is planning a gas-to-liquids project in the Bonaparte Gulf using its 100 per cent-owned Tassie Shoal LNG project and the 50 per cent-owned Tassie Shoal ethanol project about 275km northwest of Darwin. The West Atlas rig will be towed to the Heron-2 well location in permit NT/P68 in the next week. MEO has also commissioned the rig to drill three other wells in the permit area. The Tassie Shoal project is based on two large natural gas reforming and methanol production plants and an LNG production facility capable of producing 3.5 million tonnes a year of methanol and 3 million tonnes of LNG, which have already secured Commonwealth environmental approvals. MEO says the NT/P68 permit could confirm commercial natural gas accumulations, which could underpin the LNG and methanol projects. MEO has told the stock exchange the permit also offers potential to contain a condensate (light oil) resource. MEO has completed processing of the 3D seismic data acquired over the Epenarra and Heron structures in 2006. Studies carried out by Dutch data collection group Fugro boosted confidence in the potential presence of hydrocarbons in the main reservoir units. The 57,000-ton Blue Marlin has previously been used in the Timor Sea in 2003 to install topsides for the ConocoPhillips Bayu-Undan gas recycling development. [Source: http://www.theaustralian.news.com.au]

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Highest-Pull Wireline Conveyance System from Schlumberger

Schlumberger announced today the launch of the MaxPull high-pull wireline conveyance system that can pull from 18,000 lbf to 30,000 lbf in wells 40,000 ft [12,192 m] deep or more.

Cyberhawk Sinks Claws into US O&G Market

Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with

DNS Appoints Esson, Chief Executive

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive.

Tanker Trends

TEKEVER Develops Vessel Tracking for Small UAS

TEKEVER will present at Xponential/AUVSI its new vessel detection capabilities for its UAS product lines. Available for TEKEVER’s AR3 and AR4 product lines, the

MOL's LNG Carrier KUMUL Delivered

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co.

NAT Acquires Four 150,000dwt Tankers

Nordic American Tankers Limited ("NAT" or the "Company") announced today that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard.

 
 
Maritime Security Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0723 sec (14 req/sec)