Rick Wilkinson
OGJ Correspondent
MELBOURNE, Mar. 9 -- Nexus Energy Ltd., Melbourne, has been awarded a 100% interest in Browse basin permit WA-377-P off Western Australia.
The permit, which contains the 1983 Echuca Shoals gas-condensate discovery, lies 120 km southwest of the company's Crux gas-condensate field on Ashmore Cartier permit AC/P23 in the Timor Sea. Nexus is studying plans to develop the liquids in Crux via a gas-stripping project and a floating production, storage, and offloading vessel (OGJ Online, Sept. 27, 2005).
The new permit lies in the corridor of major Browse basin gas discoveries being evaluated for new LNG projects, including the Woodside group's Torosa (formerly Scott Reef), Brecknock, and Calliance (formerly Brecknock South) fields and Inpex of Japan's Ichthys-Brewster fields.
It is adjacent to Shell Development Australia's new WA-371-P permit on which Shell has committed to a total of 12 wells during the first 3 permit years (OGJ Online, Jan. 24, 2006).
The Echuca Shoals-1 wildcat on WA-377-P encountered two gas reservoirs, said Nexus. Based on this one well, Nexus estimates that the field contains 1.3 tcf of gas and 62 million bbl of condensate.
