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The pieces of the jigsaw puzzle are coming together, just like the pixels of a picture, the vista is looking splendid 👌
The routine TL Cabinet meeting ,has been moved from its usual Wednesday slot, to TOMORROW 9am Local , 🤞🤞🤞🤞 its for some China MOU/BRI/GDI /Gas LNG Infrastructure (Metinaro/Power Grid) news , not more, Pope is visiting preps. 😉😂
Same being reported by the local Timor Leste NGO Lao'Hamutuk , as posted Friday
Baron Oil is seeking investors to back a relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project. Significantly, the field, discovered by Shell in 1998, is expected to be larger than initially thought, following modern seismic interpretation work, Baron Oil told Energy News in a recent interview. The mean contingent resource is now estimated at 1.16 trillion cubic feet (cf) for Chuditch, up from around 700 billion cf previously. Adjacent prospects offer an additional 2.1 trillion cf of prospective resource potential. Baron expects to drill a Chuditch-2 appraisal well in late 2024, subject to drill financing. "We have several discussions with various parties for financing and we are working on all aspects of funding. However, we are very confident that we will drill, hence preparations are already underway," Andy Butler, Sunda Gas, told Energy News.👍
As I first posted Friday , ,ENB also reporting , we could be looking at some real up market partners. 👍
Significantly, the exciting opportunity is thought to have attracted interest from LNG investors. Baron Oil is seeking investors to back the relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project, as ENB reported last November.
https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed
DHAHRAN, Saudi Arabia – Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million. MidOcean Energy is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors.
https://midoceanenergy.com/aramco-to-enter-global-lng-business-by-acquiring-stake-in-midocean-energy/
That behind a paywall, ref's to Saudi Aramco getting a foothold in OZ Gas/LNG through MidOcean Energy
here's their own article, looks like they are on the hunt for more in the region also, links with Japan supply.
https://midoceanenergy.com/eigs-midocean-energy-completes-acquisition-of-tokyo-gas-interests-in-portfolio-of-australian-integrated-lng-projects/
Our focus on integrated projects is central to the strategy and affords MidOcean the opportunity to capture value across the full LNG value chain.”
“The acquisition of these high quality, cash flowing LNG projects is a significant milestone in MidOcean’s strategy to build a diversified, global ‘pure play’ integrated LNG company that supports the world’s transition to a low-carbon future,” said De la Rey Venter, MidOcean’s CEO. “This transaction accelerates our ambition to be a leading player in the global LNG sector for decades to come, and we look forward to servicing key LNG customers in Japan, Asia and across the globe.”
ENB , now the Saudi's moving into the Australian LNG Arena........ 😉👍
https://www.energynewsbulletin.net/markets/news-analysis/4200792/deep-dive-saudis-taste-australian-lng-projects
DEEP DIVE: Saudis get a taste for Australian LNG projects , Saudi Aramco is presenting itself as a trusty ally for Australia’s LNG growth plans
Yes, lets see what this week and the period ahead brings. ENB are a well researched outfit. The super majors are circling, which one will it be. We are cashed up to the tune of £7m. Keep an eye out for the rig contract.
Thanks Meadow, It seemed odd, I wondered perhaps if something was wrong with the BB, turns out it was just something wrong with one of the users then?
Yes Shiny-Santiago talking to himself!
On checking the BB earlier, I saw 2 green boxes posted today. Checking back in just now I see that there are 6 posts recorded and yet only one green box is showing. Have 5 posts from today been deleted?
Wake up folks, was the last trade buy?
TBF Ukraine sabotaged plenty of gas/oil pipelines up to this point. And no I am not talking non domestic pipelines if you know what I mean. Regardless it all adds to the mechanics behind a stronger global LNG market. And with the size of Chudditch...(chef kiss emoji with a side of irony).
Zelenskyy says Russian attack targeted energy facility 'crucial' to EU supply
Volodymyr Zelenskyy has said this morning's Russian attack on Ukraine's energy sector had targeted gas facilities important for supply to the European Union.
The main target was the energy sector, various facilities in the industry, both electricity and gas transit facilities," he said in his nightly video address.
"In particular, those gas facilities that are crucial to ensuring safe delivery to the European Union."
Moscow earlier claimed its strikes were "in response to attempts by the Kyiv regime to damage Russian energy and industrial facilities".
From the earlier superb article from a reputable source.
"Significantly, the exciting opportunity is thought to have attracted interest from LNG investors. Baron Oil is seeking investors to back the relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project, as ENB reported last November."
Who do you fancy?
The well will now be situated 5.1km from the site of the original Chuditch-1 discovery well in a water depth of 68m. Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location.
Drilling Planning Preparations
In parallel to the recent Site Survey operations, drilling planning has continued at a good pace. SundaGas' experienced in-house drill team has further refined the well design, enabling the process of tendering for essential materials that have long procurement times such as well casing to have commenced. Design work on a Chuditch-2 well test (DST) is ongoing, led by SundaGas' well test engineer.
SundaGas is in discussions with drilling rig contractors and other third-party service providers in support of well construction plans. The Company is also liaising closely with other operators in the region that are expected to drill wells in locations relatively nearby.
Detailed workshops are being held on a regular basis with joint venture partner TIMOR GAP and government regulator ANP, whose input to operational and logistical planning is continuing to prove invaluable.
SundaGas and its joint venture partner TIMOR GAP are working on resources to ensure successful delivery of the upcoming Chuditch-2 appraisal drilling campaign. Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time.
Should know by June 19th if the have secured a rig.
Baron is currently party to other Farm-Out and funding discussions which are ongoing and where progress continues. In addition, the Directors believe that it is an opportune moment to re-invigorate Baron's Chuditch Farm-Out programme, emphasising government validation, partial funding from the Farm-Up and operational progress, in order to add impetus to other funding discussions. The Directors believe that Baron's large remaining interest in the PSC is attractive to various types of potential Farm-Out and funding partners.
Https://www.energyvoice.com/oilandgas/asia/395942/chuditch-gas-discovery-stirs-excitement-offshore-east-timor/
Shell previously collected an enormous amount of technical data on the find. This covered everything from coring to running all sorts of logs that give Sunda a good basis of understanding. But Shell did not test it. They drilled in 1998, when there was no gas infrastructure and nothing like the gas markets today. Therefore, Shell, which was hoping for an oil discovery, let it go. “For us it’s a much more interesting commercial opportunity today,” he said.
“It’s a good discovery and it’s the same plover reservoir system you see in everything from Bayu Undan to Abadi, going through Barossa and Sunrise. The reservoirs encountered by the Chuditch well are very good. We are confident of very good flow rates,” added Butler.
To avoid confusion i'm referring to this one dated todays date 26/04/2024.
https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed
Its a new article dated 26th April. It was released today. ENB are very reputable outfit and well regarded in the O&G sector so when they say the super majors are interested it isn't to be taken lightly.
I always give credit to people who post links on here I didn't this time because it had already been posted in the telegram group on the 18th April.
😂🤣😂👏👏👏
https://y.yarn.co/93a8b185-ba75-40c3-9068-94031aa7bc99_text.gif