Timor Sea Exploration
MEO Interest 50%
Location NT/P68, offshore Northern Territory

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Joint Venture Eni Australia Ltd 50% (Operator)
Work Program
  • 766km2 of 3D seismic planned acquired over Blackwood east in December 2011
  • Heron-3 Exploration Well planned for 2Q 2012
Status/Potential NT/P68 contains both the Heron and Blackwood gas discoveries.

The Heron gas field was discovered in 2008 by the Heron-2 well which encountered greater than 200m of gross gas column in the Plover sands in the Heron north structure.

The Blackwood gas field was discovered by the Blackwood-1 well drilled in 2008 targeting the Elang/Plover formation and encountered 48m of gross gas pay.

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MEO is carried through the NT/P68 appraisal program via Eni's farm-in to the permit, with the program designed to appraise the size, extent and quality of the Heron and Blackwood gas discoveries.

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Surrounding Area Activity

Greater Sunrise
Woodside and their joint venturers are currently reviewing a proposed 4 Mtpa Floating LNG option for the greater than 5 TCF gas resource located at Greater Sunrise, which straddles the Australian and Timor-Leste maritime boundary. No development FID has yet been made.

Evans Shoal
The Evans Shoal gas field (NT/P48) is directly adjacent to NT/P68 containing the Heron and Blackwood discoveries. Santos and their joint venturers are in the final years of their exploration permit with plans to appraise the Evans Shoal discovery which is slated to contain circa 6.6TCF of high CO² (~28%) gas. In October 2011 Santos reached an agreement to divest their 40% interest in the Evans Shoal field for up to US$350 million dollars.

Barossa/Caldita
ConocoPhillips and their joint venturers are in the process of appraising the Barossa and Caldita gas fields which are jointly slated to contain circa 3.5 TCF of high CO2 (>13%) gas.

Tassie Shoal Projects
MEO Australia has developed a solution for LNG and GTL (Methanol) located on the shallow water Tassie Shoal, located in the Timor Sea. The Tassie Shoal Projects have environmental approvals for a 3.0 Mtpa LNG plant and two 1.75 Mtpa Methanol plants. The Methanol GTL plants are proposed as an environmentally and commercially attractive CO2 sequestration option for regional high CO2 gas.