Page 36 - Oil&Gas-AustralAsia-2015-Issue-4
P. 36
P HILIPPINES
Malampaya Compression Platform delivered
By Marie RYAN
The Installation is complete at the team and the fabrication contractor sea-tow response, installation ballasting
Malampaya Depletion Compression Arup built and integrated the substruc- and post-installation wave and seis-
Platform (DCP), a new offshore natural ture in the dry-dock utilising a 1,500- mic performance. Due to high seismic
gas platform in the West Philippine Sea. ton gantry crane specifically mobilised activity in the Philippines, likely ground
Global engineering, procurement and for the project. movement was the principal design
construction (EPC) firm Arup helped The EPC company provided technical issue.
deliver the new platform. supervision during the offshore works SPEX Engineering Manager Martyn
The completed facility supports the and participated in the installation Turner said the team had been out-
extension of the only native producing planning and execution for the 13,000- standing during the fabrication and
natural gas source in the Philippines ton self-installing platform. installation of the new platform.
that provides up to 50 per cent of all The project involved many technical “Mobilising resources as required from
power generation needs for the popu- and organisational challenges calling both their local Manila office and inter-
lous island of Luzon in the Philippines. for a wide range of skills. national oil and gas teams has ensured
the project was delivered successfully,”
Working closely with the operator Shell Studies were performed by Arup for Mr Turner said.§
Philippines Exploration BV (SPEX) site challenges in floating stability, vessel
Hawkeye-1 brings up meagre results
By Marie RYAN
section between 2,710m and 2,724 license that potentially share the same
Western Australian based minnow Red metres is interpreted to be gas bearing charge source.
Emperor Resources has announced its at sub-commercial volumes,” the state- Red Emperor announced the drilling
offshore exploration well, Hawkeye-1 in ment said. program has been executed smoothly,
the offsore Palawin Basin in the “The second, poorer quality reservoir ahead of schedule and significantly
Philippines, has encountered present (2,724m - 2,737m) provided evidence under of budget.
but disappointing oil and gas shows. of fluorescence, usually an indicator of “Based on a potential estimated total
The company said while the Hawk- liquid hydrocarbons, from hand cutting well cost of US$25m, Red Emperor
eye-1 exploration well has proven the returns,” the company said. expects to retain a cash balance of ap-
existence of hydrocarbons in the SC55 Unfortunately, even if confirmed oil proximately US$8.5m after operations
permit, the hydrocarbon size discov- bearing, the combination of poor reser- are completed.”
ered appears to be at the low end of voir and low net pay would render the The company remains focused on
expectations and not likely economic to potential oil leg sub-commercial.” identifying new opportunities while
develop. Below 2,737m water was found from continuing to efficiently manage the
Red Emperor said in a release the log observations in a reservoir sequence existing assets in its portfolio.
Hawkeye-1 exploration well was drilled of good quality. Project partner Otto Energy said while
to the planned total depth of 2,920 me- Hawkeye-1 will now be plugged and Hawkeye-1 is clearly disappointing, the
tres with the top reservoir intersected at abandoned with results from the well to fact that Otto was fully carried means
2,710 metres. be analysed with respect to other the impact is greater on the share price
“Hydrocarbons were logged between prospects, including Cinco, in the than on the balance sheet.§
2,710 and 2,737 metres in reservoirs
of variable quality, the upper reservoir
A A30 OIL & GAS ustral SIA SEPTEMBER/OCTOBER 2015 www.oilandgasaustralasia.com
Malampaya Compression Platform delivered
By Marie RYAN
The Installation is complete at the team and the fabrication contractor sea-tow response, installation ballasting
Malampaya Depletion Compression Arup built and integrated the substruc- and post-installation wave and seis-
Platform (DCP), a new offshore natural ture in the dry-dock utilising a 1,500- mic performance. Due to high seismic
gas platform in the West Philippine Sea. ton gantry crane specifically mobilised activity in the Philippines, likely ground
Global engineering, procurement and for the project. movement was the principal design
construction (EPC) firm Arup helped The EPC company provided technical issue.
deliver the new platform. supervision during the offshore works SPEX Engineering Manager Martyn
The completed facility supports the and participated in the installation Turner said the team had been out-
extension of the only native producing planning and execution for the 13,000- standing during the fabrication and
natural gas source in the Philippines ton self-installing platform. installation of the new platform.
that provides up to 50 per cent of all The project involved many technical “Mobilising resources as required from
power generation needs for the popu- and organisational challenges calling both their local Manila office and inter-
lous island of Luzon in the Philippines. for a wide range of skills. national oil and gas teams has ensured
the project was delivered successfully,”
Working closely with the operator Shell Studies were performed by Arup for Mr Turner said.§
Philippines Exploration BV (SPEX) site challenges in floating stability, vessel
Hawkeye-1 brings up meagre results
By Marie RYAN
section between 2,710m and 2,724 license that potentially share the same
Western Australian based minnow Red metres is interpreted to be gas bearing charge source.
Emperor Resources has announced its at sub-commercial volumes,” the state- Red Emperor announced the drilling
offshore exploration well, Hawkeye-1 in ment said. program has been executed smoothly,
the offsore Palawin Basin in the “The second, poorer quality reservoir ahead of schedule and significantly
Philippines, has encountered present (2,724m - 2,737m) provided evidence under of budget.
but disappointing oil and gas shows. of fluorescence, usually an indicator of “Based on a potential estimated total
The company said while the Hawk- liquid hydrocarbons, from hand cutting well cost of US$25m, Red Emperor
eye-1 exploration well has proven the returns,” the company said. expects to retain a cash balance of ap-
existence of hydrocarbons in the SC55 Unfortunately, even if confirmed oil proximately US$8.5m after operations
permit, the hydrocarbon size discov- bearing, the combination of poor reser- are completed.”
ered appears to be at the low end of voir and low net pay would render the The company remains focused on
expectations and not likely economic to potential oil leg sub-commercial.” identifying new opportunities while
develop. Below 2,737m water was found from continuing to efficiently manage the
Red Emperor said in a release the log observations in a reservoir sequence existing assets in its portfolio.
Hawkeye-1 exploration well was drilled of good quality. Project partner Otto Energy said while
to the planned total depth of 2,920 me- Hawkeye-1 will now be plugged and Hawkeye-1 is clearly disappointing, the
tres with the top reservoir intersected at abandoned with results from the well to fact that Otto was fully carried means
2,710 metres. be analysed with respect to other the impact is greater on the share price
“Hydrocarbons were logged between prospects, including Cinco, in the than on the balance sheet.§
2,710 and 2,737 metres in reservoirs
of variable quality, the upper reservoir
A A30 OIL & GAS ustral SIA SEPTEMBER/OCTOBER 2015 www.oilandgasaustralasia.com
