Norwest Energy NL Shale Gas New Gas Australian New Hope for WA Institute Consumers of Energy WA Branch 22nd July2013 WAThis Branchis Australian the Golden InstituteAge of Energy of Gas... 23 July 2013
What is shale gas Shale gas is natural gas a clean form of energy produced from shale formations, usually 2-3km below ground level. Produced by a process known as hydraulic fracture stimulation (fraccing) injecting water, sand and…
Australias shale gas resources Shale gas has the potential to change the Australian energy market. It has already transformed the energy sector in the USA, with the USA now positioned as a net exporter rather than an importer of…
The Western Australian scene WA alone was estimated by the US EIA to hold the fifth largest reserves of shale gas in the world approximately double that currently known in offshore Western Australia, and nearly three times the…
Northern Perth Basin - Location Location Location With an excellent location, close proximity to existing major infrastructure and continuing high domestic gas prices, Norwest Energy is well positioned to enter the energy market as a…
The Northern Perth Basin A proven hydrocarbon province with multiple (conventional) oil and gas fields Gas production from the Dongara area since 1971 Two gas pipelines in close proximity Norwest Energy currently holds 554,123 net…
Shale Gas History: Why the northern Perth Basin Arrowsmith-1 flowed at 4 MMscf/d (4TJ energy) from the Carynginia in the 1960s November 2010 AWE Ltd reports Carynginia has potential for 13 to 20 TCF shale gas in the northern Perth…
Shale Gas History: Why the northern Perth Basin April 2011: US EIA states northern Perth Basin contains a potential 59 TCF of gas July 2011: Arrowsmith-2 successfully drilled to 3,400 metres- four shale zones intersected over 1,000…
Success at Arrowsmith 2 Western Australias first shale gas well Gas to surface from ALL horizons, and oil from top zone, exceeding expectations Successful five stage fracture stimulation program across four separate zones confirms…
DeGolyer and MacNaughton Resource Estimate Norwest contracted a world-renowned independent resource/reserves evaluation specialist consultancy based in Dallas Texas to run a thorough investigation of all results to date, summarised as…
Commercial Drivers for the Project Close proximity (within 17km) to both pipelines that service the domestic gas market Prevailing gas price of 6 - 12/GJ Predicted shortfall in gas supply in coming years With this background Norwest…
Steps in the Pathway to Development where are we now Drill Exploration Well(s) core and log analysis to target optimal intervals Perform Hydraulic Fracture Stimulation on target intervals Independent estimate confirms resource…
Challenges for the Shale Gas Industry in Western Australia Costs of drilling and fraccing Savings achieved by drilling and fraccing approx 10 wells per annum Capital costs will be subject to prevailing prices at the time Access to…
The importance of the Northern Perth Basin shale gas as a source for the Western Australian Domestic Gas Market The northern Perth Basin is ideally located close to the pipeline system and the domestic market, providing a distinct…