Emperor Energy engages AGR to progress permitting of Judith-2 Appraisal Well.
Wednesday 2 March 2022
Emperor Energy Limited (ASX: EMP) (‘Emperor’ or ‘the Company’) is pleased to announce that it has engaged a leading global well management company AGR to progress with the preparation and submission of the necessary applications to the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) to gain approval to Drill the Judith-2 Appraisal Well.
The Judith-2 Appraisal Well is planned for the Judith Gas Field in the Company’s 100% owned Vic/P47 Permit in the offshore Gippsland Basin, Victoria (see Figure 1).
Scope of Work
The scope of work to be completed by AGR includes:
• Preparation of an Environment Plan for Drilling of the Judith-2 Well.
• Preparation of an Environment Plan for geological and geophysical testing of the Judith-2 Well site to accommodate use of a Jack-Up Drill Rig as required.
• Completion of the necessary engineering and environmental studies to facilitate the above
Environmental Plans.
• Testing of the basis of the well design.
Stakeholder consultation.
• Overall project management and submission of the applications to NOPSEMA.
• Additional work including tracking of drill rig availability and drill rig contracting.
Project Schedule
The planned work will commence in early March 2022 and is scheduled for the completion of an application to NOPSEMA by end of August 2022.
This timing maintains alignment with the well schedule previously submitted by Emperor Energy to the National Offshore Petroleum Titles Authority (NOPTA) and maintains compliance with the Vic/P47 Permit conditions.
Emperor Energy will provide ongoing updates on progress with preparation of the application for approval.
Judith Gas Project Objective
Emperor Energy’s key focus is the development of the Judith Gas Project located 40km offshore from the Orbost Gas Plant in the Gippsland Basin, Victoria (Figure 1). Based on the existing P50 Unrisked Prospective Gas Resource of 1.226 Tcf within the Vic/P47 Permit area, the project objective is to establish a sales gas capacity of 80TJ per day equivalent to 28PJ per year over a minimum production period of 15 years with the value of gas and condensate sales exceeding $A300M per year based on AEMO mid-range pricing forecasts.