• Natural Gas News

    Armour Awarded Oz QLD Exploration Acreage

Summary

Brisbane-based Armour Energy has formally been awarded the exploration acreage ATP2030 in Australia’s Roma Shelf, in the Surat Basin in Queensland, the company said October 5.

by: Nathan Richardson

Posted in:

Natural Gas & LNG News, Asia/Oceania, Corporate, Exploration & Production, Political, Licensing rounds, Contracts and tenders, News By Country, Australia

Armour Awarded Oz QLD Exploration Acreage

Brisbane-based Armour Energy has formally been awarded the exploration acreage ATP2030 in Australia’s Roma Shelf, in the Surat Basin in Queensland, the company said October 5.

Armour announced on October 30, 2017, that it been nominated as the preferred tenderer for the block by the Queensland Department of Natural Resources, Mines and Energy, which was part of the state’s petroleum acreage release PLR2016/2017-1.

The tender area comprises 365 kilometres2 and is adjoining the company’s petroleum licenses and the Ungabilla block on ATP2029.

“This commercial play type is deep, detectable and in recent years Armour has been the only company to have issued expressions-of-interest to the Queensland Department of Natural Resources based upon the technical capabilities and correct operational approach to develop the resources in conjunction with the Kincora Gas Plant,” it said.

“Initial instantaneous gas rates from multi-stage hydraulic stimulation at the Myall Creek 4A well of 1,700,000 feet3/day is a solid example of one well in Armour’s current inventory of 300+ wells within the trend,” Armour said.

Gas produced from Armour operated tenements is “sweet gas”, which has about 98% sales gas quality and 2% impurities. Historical production from PL71, including Armour’s production since restarting these fields, has delivered an average LPG yield of about 3,760 tonnes/petajoule and condensate yield of about 16,970 barrels/PJ of gas, Armour said.

And, it expects ATP2030 and ATP2029 to yield similar liquids production.