Unconventional Gas in Australia: AWE in the Perth Basin, WA SPE UCRE Conference Brisbane, 11 November 2013
Unconventional Gas in Australia Shale Gas and Tight Gas Opportunities 1. Overview of Opportunity 2. Industry Issues 3. AWE Perth Basin Opportunity and Strategy 3
Australian Unconventional Gas Opportunity Basin Formation Risked GIP Technically Risked OIP Technically TCF Recoverable GAS bbbl Recoverable Oil bbbl TCF Cooper REM 325 93 29 1.5 Maryborough Goodwood/Cherwell 64 19 0 0 Perth…
Australian Unconventional Gas Opportunity Shale gas is in its infancy in Australia Opportunities are being actively pursued in a number of basins in Australia Wells have been drilled and fracced in a number of basins New…
Industry Issues Commercialising Unconventional Gas in Australia Infrastructure and Costs Gas Markets and Gas Price Shale Quality 6
Industry Issues Infrastructure and Costs Drilling rigs and frac spreads Access to infrastructure Transportation and access to market Can we drill, frac and complete shale gas wells in Australia as competitively as in the USA Gas…
Industry Issues Shale Quality in Australia Hydrocarbon content Frac performance in vertical wells Liquids content a key commercial factor Well productivity US experience is valuable Initial vertical well results have been…
AWE Perth Basin Opportunity Corybas AWE has made significant progress evaluating unconventional gas in the Perth Basin Expect to drill from 2 to 4 wells in CY 2014 Focus on developing tight gas first: Moving forward at Senecio…
Perth Basin Geological Setting W Beagle Ridge Dandaragan Trough E Urella Fault 4 km Darling Fault N-S Trending Basin onshore covering c. 50,000 km2 Tectonic History has 2 periods of Rifting followed by Uplift &…
Tight Gas & Shale Gas Data Base Conventional oil and gas industry has been Corybas Senecio 2 active in the Perth Basin for almost 50 years 100 historical wells to provide control on stratigraphy, depth and thickness of key…
Perth Basin current activity L1/L2, Senecio-2, 50% Operator Development feasibility study complete; Stage 1 of development under way Staged development approach - initial vertical well followed by hydraulically stimulated…
Commercialising Australian Shale Gas Comparison with US industry experience provides a good basis US experience has shown materially different commercial results for wet gas and dry gas developments US industry cost structures…