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Ironbark gets go ahead

Australia’s offshore regulator has approved a BP-led joint venture’s (JV) plan to drill an offshore exploration well to depth of around 5,500 m.

The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved the environment plan (EP) for the Ironbark-1 well in WA-359-P in Western Australia’s offshore Carnarvon Basin.

The WA-359-P JV consists of operator BP (42.5 per cent interest), Cue Energy (21.5 per cent), Beach Energy (21 per cent) and New Zealand Oil and Gas (15 per cent).

Drilling activities on Ironbark-1 are expected to commence in October this year, dependent on the project’s contracted Ocean Apex rig which is currently undertaking a drilling program for another operator.

Cue CEO Matthew Boyall said the well would be expected to spud in about three months.

“Cue holds a significant 21.5 per cent interest in the world class Ironbark gas prospect, which, if successful, could be company changing for Cue and deliver environmental and economic benefits to Australia and the region,” he said.

The WA-359-P permit is situated approximately 50 km from the existing North West Shelf LNG infrastructure.

For more information visit the BP website.

If you have news you would like featured in The Australian Pipeliner contact Managing Editor David Convery at dconvery@gs-press.com.au

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