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Eastern Australian politicians and industry are grappling with a looming east coast domestic natural gas supply crisis. Sydney-based Gulf Energy Ltd. has secured a leasehold over the whole of a new exploration area called Bamaga basin in the Gulf of Carpentaria, 150 km off the north Queensland coast.

Egypt remains at the top of the list for international oil companies (IOC), mid-caps, and small exploration and production (E&P) companies considering new concessions.

Recent enhancements in relief well technology enable operators to drill into prolific reservoirs while maintaining a single relief well contingency plan. Blowout contingency planning is required by regulators in various countries and is part of many oil companies’ internal preparations.

Offshore drilling schedules are subject to industry’s use of highly customized subsea trees, which can escalate project costs and delay tree deliveries compared with using standardized equipment.

Deliberation of environmental policy would profit from an end to banter about “premature death.”

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