CalEnergy Resources (Australia) Limited, is the sole operator of the Retention Lease R8 which contains the discovered and undeveloped Whicher Range gas field.

PROJECT UPDATE

JANUARY 2021

The Whicher Range-1 and Whicher Range-4 wells were decommissioned in 2019.

A Rehabilitation Environment Plan has been accepted by the Department of Mines, Industry Regulation and Safety (DMIRS).

The Rehabilitation Environment Plan provides for the re-establishment of forest vegetation at the well sites.

The project provides for joint operations of CalEnergy and LOTOS Petrobaltic to be carried out through a special purpose vehicle, whose costs and profits will be shared between its owners in the following proportion: LOTOS Petrobaltic 51%, CalEnergy 49%

Under an agreement between CalEnergy Resources Poland SP. Z O.O. and LOTOS Petrobaltic, the two companies are co-operating in the development of the B4 and B6 gas fields in the Polish sector of the Baltic Sea. The total quanties of natural gas originally in place may amount to as much as 149 Bcf. The two companies executed an agreement in Gdansk on October 30, 2012, which subsequently completed on April 9, 2013.

Southern Gas Basin, UK

CalEnergy Resources (UK) Limited owns a 50% interest in the Saturns Banks area in the UK’s Southern gas basin. This area contains seven exploration, pre-development and development Assets, the recently recommissioned Thames pipeline and Thames reception facility (part of the Bacton terminal on the Norfolk coast).

Out of the seven assets, one is under appraisal, three in pre-development and three are in the development phase. FID was taken in October 2019 on the Southwark (License P.1915, Block 49/21c), Elgood (License P.2260, Block 48/22c) and Blythe (License P.1736, Blocks 48/22b and 48/23a) assets with first gas expected in March 2022.

Elland, formerly Vulcan East, (License P.039, Block 49/21a J and License P.2212, Block 49/21d), Nailsworth, formerly Vulcan NW, (License P.130, Block 48/25b and License P.2342, 48/25a) and Goddard (License P.2438, Blocks 48/11c and 48/12c) are currently in the pre-development phase and forms part of Saturns Banks Phase 2 development.

The Abbeydale discovery (License P.2442, Block 53/1b) has a drill or drop decision commitment by November 2022.

All Saturns Banks assets are gas discoveries, contained within a reservoir of Permian Leman sandstone.

The Thames pipeline previously evacuated gas from Thames area complex and was decommissioned in 2015. This has been recommissioned by the JV and will export gas from the Saturns Banks portfolio to the Bacton gas terminal.

CalEnergy Resources (UK) Limited farmed into these assets in July 2019.

Southern North Sea

The Victor Gas Field is located in the Southern North Sea and has estimated remaining reserves of less than 1 billion cubic feet net to CalEnergy. An unmanned platform is installed at the field which produces from five production wells and a sixth subsea well, which is tied back to the platform. The gas is transported through a 16-inch pipeline to the Viking Field and then onto the Theddlethorpe shore terminal. The field has been in production since September 1984. CalEnergy markets its own share of gas production from the Victor Gas Field.

The Victor field ceased production in early 2016.  The decommissioning programme is currently being undertaken. 

Central North Sea

Blocks 30/12c, 13c, 17h and 18c are situated in the prolific Central Graben of North Sea. Four play fairways are developed on this acreage providing six prospects. Significant prospectivity has been mapped at Palaeocene Mey Sandstone and Cretaceous Chalk level, with additional prospectivity recognised within the deeper Jurassic Fulmar play. The Palaeocene Mey and Chalk are proven productive reservoirs in the area by fields and discoveries such as Joanne, Judy, Orion and Flyndre.

The Skerryvore Mey prospect overlies two stacked Chalk prospects (Skerryvore Ekofisk and Skerryvore Tor) which are associated with a Zechstein salt diapir called Skerryvore. The Chalk in these prospects is thought to have been re-worked, which significantly improves permeability over conventional Chalk reservoirs. These three stacked prospects have the potential to contain 157 million barrels of recoverable oil equivalent on a P50 basis. An additional Paleocene Mey prospect (Skerryvore West) and one Chalk prospect (Skerryvore North) are also identified on the blocks. The proposed work programme includes purchasing  and reprocessing 3D seismic, carrying out rock physics work and a contingent well. 

Block 30/19c lies immediately to the east of the Skerryvore blocks near the UK-Norway median line and contains Ruvaal, a Palaeocene Mey combination structural and stratigraphic trap. The work programme includes a drill or drop well.

These licenses were awarded in 2018 as a part of 30th offshore licensing round in UK.

154 MWP Solar PV Farm

Single-axis tracking solar photovoltaic plant, comprising approximately 353,000 Canadian Solar CS3W-MB-AG BiHiKu 430/435/440 MW panels and Ingeteam Ingecon 1600 TLB615 Inverters, delivering enough energy to meet the needs of over 48,000 homes

191 MWP Solar PV Farm

Single-axis tracking solar photovoltaic plant, comprising approximately 440,000 Canadian Solar CS3W-MB-AG BiHiKu 430/435/440 MW panels and Ingeteam Ingecon 1600 TLB615 Inverters, delivering enough energy to meet the needs of over 65,000 homes.