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Project : BASKER-MANTA OIL & GAS PROJECT - RESOURCE

Mining
Offshore - oil & gas
  Estimated Project Value
$ 250,000,000
Address Gippsland Basin Bass Strait
Suburb Bass
State VIC
Council Bass Coast
Postcode 3991
Project Type Resource - Oil & Gas - Offshore
Development Type New
Status Commenced
Stage More Than Half Way Through But Not Yet Completed
Ownership Private
Notes
Subsea Installation Contract Let Development Drilling In Progress
Commence Date 2/8/2005
Completion Date 1/8/2010
Details
  • Installation associated the EPT comprise the Floating Production Storage and offloading Unit flexible flowline and control umbilical system and shuttle tanker mooring.
  • The ocean patriot will be used for the drilling and expected to start July 2005.
  • The majority of the development drilling will be undertaken in the fourth quarter 2005 when production licences are granted.
  • A Floating Production Storage and Offloading vessel (FPSO) has been secured until January 15 2008.
  • The FPSO has the capacity to handle up to 40,000 barrells of fluid per day and 50MMscf/d of gas.
  • The Crystal Ocean (FPSO) has been obtained under a bareboat charter and manning will be provided by Upstream Petrolem Pty Ltd with assitance from Seatankers Management Co Ltd.
  • The Crystal Ocean is expected to arrive in Melbourne August 2005.
  • A shuttle tanker has been secured for a three year contract from Teekay Shipping and is expected in Bass Strait September 2005.
  • The tanker called the Nordic Yukon is aframax sized, with dynamic positioning capability and a capacity for approx 650,000 bbls.
  • VIC/RL6-10.
  • Basker 2 and Manta 2.
  • Anzon has 75% interest and Beach Petroleum have 25%.
  • Clough Offshore has been awarded the installation contract for the electro-hydraulic umbilicals and production flowlines.
  • The CSO Venturer will be used to install the umbilicals/flowlines and the subsea manifold which will connect to all five wells to the Crystal Ocean.
  • Clough have started mobilisation to begin work in August 2006.
  • The contract is worth approx $20 million.
  • Subsea 7 were awarded the installation contract for the installing of subsea equipment and moorings associated with the Extended Production Test (EPT) Development and have completed the work.
  • The contract was worth approx $13 million.
  • FPSO Supply Contractor is a Bareboat charter and is being manned by Upstream Petroleum Pty Ltd with assistance from Seatankers Management Co Ltd.
 
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