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:]

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Barge Master Launches Fit-for-Purpose Gangway

Press release - Barge Master has announced the official launch of a motion compensated gangway after building a track record in motion compensated lifting. ‘The

Norway's Offshore Shipping Sector Faces Bleak Year

Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options

Maersk Venturer to Drill for Total

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration

Tanker Trends

New Methanol Projects to Change Chemical Shipping Patterns

New US and Middle East methanol production capacity being added over the next two years will have serious implications for chemical shipping trade flow patterns,

Frontline 2012, Frontline Merger Completed

Frontline 2012 Ltd. has completed its previously announced merger with Frontline Ltd. , with Frontline as the surviving legal entity and Frontline 2012 becoming

EuronavSells Suexmax Cap Laurent

Euronav NV announced the sale of its Suezmax Cap Laurent for $22.25 million. The 1998-built 146,145-dwt vessel was wholly owned by Euronav.    The vessel was

Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.0722 sec (14 req/sec)