Oz Emperor Raises Judith Resource Assessment
Sydney-listed Emperor Energy’s announced July 11 it has raised the assessment of gas resources at its Judith gas field off the coast of southeast Australia.
An independent appraisal at Judith was carried out by Australian consultants 3D-GEO, Emperor reported. In light of this research, the field in the Gippsland basin is now estimated to contain 150bn ft3 (4.25bn m3) in best-estimate contingent gas resources, and 1.2tn ft3 in best-estimate prospective resources, a company statement reads. The field was previously thought to hold 122bn ft3 of contingent and 844bn ft3 of prospect resources.
Judith was identified in 1989 by Shell, when the Anglo-Dutch major’s Judith-1 well struck gas in Turonian rock. The latest assessment takes into account in-place and recoverable gas at Judith-1 and the Greater Judith structure, and follows the merging and reprocessing of 3D seismic data at the site in 2016 and 2017.
Judith is situated within the Vic/P47 licence block, which is fully owned by Emporer. The company is still weighing up its plans, although it has noted that existing infrastructure located nearby could pave the way for the deposit's development.