PTTEP Australasia Pty Ltd is looking to divest interest in its Cash/Maple assets, located in the Bonaparte Basin, Ashmore-Cartier.Â  PTTEP is operator and sole holder of interest in the assets and is looking for a partner to join it in the appraisal and development phases.Â  PTTEP reports that it is looking for a partner in the project to manage the risk in developing it solo.  Cash/Maple is located in AC/RL7 and was discovered in 1990.Â  PTTEP completed the pre-Front End Engineering and Design (pre-FEED) phase for the proposed development of the Cash-Maple asset during 2018. In 2019 it was reported that the company is now evaluating the optimal development plan for the discoveries.  Throughout 2017 and 2018 PTTEP undertook pre-FEED activities for the proposed development of Cash-Maple.Â  Work was ongoing originally hoped to be completed by the end of 2017.Â  PTTEP reports that the concept select phase is continuing, with both conventional LNG and floating LNG options being considered.Â  A concept for development will be determined prior to the project entering FEED.  An appraisal programme was undertaken in 2014, with analysis of results ongoing alongside a review of the development options for the discovery.Â  In 2015 a geological and geophysical review was ongoing, continuing the assessment for development options.Â  In mid-2014 PTTEP reported that it was reviewing its global portfolio and rearranging assets in order for Cash/Maple to go ahead.  Concept selection activities have been ongoing since early 2014.Â  Originally FEED was scheduled to commence in 2014, followed by a Final Investment Decision (FID). In April 2014 PTTEP reported that FID was hoped to be reached in 2016, with first gas then expected in 2022.Â  PTTEP has utilised the results from its appraisal drilling at both Cash and Maple, in September 2011 and July 2012 respectively, to assist in the commercialisation option decisions.Â    The AC/RL7 retention lease covers an area of 420 sq km and was awarded on 27 November 2006.Â  PTTEP Australasia (Ashmore Cartier) Pty Ltd holds 100% interest and operatorship.
Australia (Northern Gippsland Terrace (Gippsland B.)) Sole