Petroly - 2 January 2024
Woodside Targets Australia's Julimar Field with $1.86bn Drilling and Subsea Expansion
Woodside submits environment plan for Phase 3 of Julimar Project off Australia's coast.
Up to five wells planned, connecting to existing infrastructure and Chevron's Wheatstone platform.
$1.86bn project estimated to boost hydrocarbon production over 25 years.
Subsea infrastructure and drilling campaign planned for 2024. Latest expansion aligns with Woodside's recent activity in U.S. Gulf of Mexico.
Inpex's Bonaparte CCS Project Gets Green Light for Site Surveys and Exploration Drilling Off Australia
Inpex Browse E&P, partnering with Woodside and TotalEnergies, receives approval for environmental plan (EP) in Bonaparte Basin.
Plan covers pre-drill surveys, two initial exploration wells, and potential additional wells.
Pre-drill survey planned for early 2024, drilling activities starting in first half of 2024.
Project aims to assess suitability of geological formation for storing CO2 captured from Inpex's Ichthys LNG plant.
Drilling and evaluation expected to last 150 days per well, using a mobile offshore drilling unit and support vessels.
Wells will be permanently plugged and abandoned after evaluation, except for potential future use.
Russia Aims for 18% Boost in Diesel Exports, Fueled by Refinery Upturn
Russia plans to hike January diesel exports from Black and Baltic Sea ports by 18% compared to December.
Increase driven by higher refinery processing rates, up nearly 60,000 barrels per day after maintenance.
Planned volume reaches 3.39 million tons, or 817,000 barrels per day, excluding potential rail shipments.
Actual exports may vary depending on weather and demand, pipeline operator Transneft declined comment.
Restrictions remain: winter-grade diesel only allowed via pipeline, and refiners must maintain 50% domestic supply.
Senegal's Oil Dream Sets Sail: Léopold Sédar Senghor FPSO Embarks for First Oil in 2024
Senegal's first offshore oilfield, Sangomar, gears up for production with departure of FPSO Léopold Sédar Senghor from Singapore.
Woodside Energy leads the project, aiming for first oil in mid-2024.
The FPSO, capable of processing 100,000 barrels of crude daily, marks a significant milestone for Senegal's booming hydrocarbon sector.
Senegal expects $1.4 billion in revenue over two years from Sangomar and BP's gas project.
Modec, with experience in West Africa, successfully converted the FPSO despite COVID-19 challenges.
Mach Natural Resources Expands Oklahoma Footprint with $815 Million Anadarko Basin Acquisition
Mach Natural Resources acquired oil and gas assets in Oklahoma's Anadarko Basin for $815 million, securing new reserves and bolstering its presence in the region. Funding came from a debt package and existing cash, positioning Mach for continued growth.
Mach Natural Resources acquires oil and gas assets in Oklahoma's Anadarko Basin for $815 million from Paloma Partners IV.
Financing secured through an $825 million term loan and $75 million revolving credit facility.
Acquisition strengthens Mach's presence in the Anadarko Basin, a key focus area for the company.
Deal adds to Mach's existing reserves of oil, natural gas, and NGLs.