Bass Strait Oil cancels exploration permit Vic/P42 in Gippsland Basin (Scandinavian Oil-Gas Magazine)

Bass Strait Oil cancels exploration permit Vic/P42 in Gippsland Basin

Published Mar 18, 2014

Bass Strait Oil Company referred to the Sept. 20, 2013 announcement regarding the execution of a Collaboration Agreement with HIREX Petroleum Sdn Bhd. (HIREX) to reassess prospectivity of Vic/P42 permit in the Gippsland Basin, Australia with new technology. BAS entered the agreement with HIREX with the intention to identify significant hydrocarbon accumulations.

During the review, no significant drillable prospects were identified resulting in HIREX not proceeding to farmin to Vic/P42.

In parallel, the Company has been undertaking a review of its business strategy and forward work commitments.

Tags: Bass Strait Oil Company

Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font

Top Stories

New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.

Rystad Energy - Borr Drilling takes charge of the jackup market

Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.

Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.

Southwest Research Institute (SwRI) - IMSF2

SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS²), to be held April 25-26, 2018, at SwRI’s headquarters...

[ In News ]

Energy Demand Grows as Fuel Mix Continues to Diversify

Unique Group Launches Unique Equipment Manager

Archer to Provide Casing Accessories and Cementing Equipment in Asia Pacific

Wärtsilä and Maersk Drilling Create a Joint 25-Year Strategy for Thruster Services

Research Becomes Useful Technology for Society Through Strategic Partnership

Bass Strait Oil cancels exploration permit Vic/P42 in Gippsland Basin

Related links

[ In News ]