On 13 November 2017, Western Gas Corporation Pty Ltd announced that it has acquired the Equus Project fields and surrounding permits from Hess Corporation. Western Gas reports that it has acquired 100% interest in Retention Lease WA-70-R, which covers all of the projectâs 11 gas and condensate fields and four surrounding exploration permits: WA-390-P, WA-474-P, WA-518-P and WA-519-P, all located in the Exmouth Plateau, North Carnarvon Basin. The deal is yet to be registered with the National Offshore Petroleum Titles Administrator (NOTPA). On 30 March 2016 Hess was granted a retention lease over the Equus Project fields and announced in late-2016 plans to defer further development of the project to focus on other assets in its portfolio. The commercial discoveries in permit WA-70-R were to produce to Woodsideâs operated NWS LNG facilities for processing, through an agreement with Hess in 2015. The final development concept and marketing studies were due to take place by Hess in 2016 but Western Gas has still received a fully appraised and development-ready project and plans to develop the gas and condensate for domestic supply to Western Australia. Western Gas believes this opens a critical window to increase supply into a market which could enter a shortfall by 2021 without new developments. Western Gas reported that it plans to commercialise the eight main discoveries, which were made between 2008 and 2010: Mentorc, Bravo, Nimblefoot, Chester, Glencoe, Glenloth, Briseis and Rimfire. The discoveries hold combined estimated 2P recoverable gas reserves of 4.3 Tcf. Hessâ field development plan included 17 production wells, and the installation of associated infrastructure to allow the production of gas from the discoveries to an offshore Floating Production System (FPS), with gas then transported via subsea pipeline to third party offshore infrastructure (NWS facilities). Upon the award of WA-70-R in 2016, Hess signed up to continue field developing planning and broadband reprocessing of the Glencoe 3D seismic survey data over 1,539 sq km to further define the development potential of the deeper Equus resources. Marketing studies and planned to run through until the end of the current licence validity period which ends on 29 March 2021. The four surrounding exploration permits cover a combined area of 3,218 sq km.  WA-390-P lies to the east of the Equus Project fields. Hess renewed the permit on 9 March 2017 for a period of five years, until 8 March 2022. Upon its award on 6 February 2007, the permit covered an area of 3,143 sq km over the Equus Project gas fields before being reduced in area upon the award of Retention Lease WA-70-R. In the remainder of the work programme, broadband reprocessing of 804 sq km of the Glencoe 3D seismic data is planned, which was acquired in 2008 after WA-390-P was awarded. Subsequent work will involve geological and geophysical studies along with depositional modelling of the Mungaroo Formation, seismic inversion and interpretation and prospect characterisation.  WA-474-P lies to the north of the Equus Project fields. Unlike WA-390-P and WA-518-P, the work conditions have not been altered in response to Hessâ option to defer the project development. WA-474-P still covers its original area of 1,050 sq km and is due to expire on 3 May 2018. WA-518-P lies to the northwest of the Equus Project fields. On 4 October 2017 Hess varied the work commitments and extended the first three year term by 12 months. The extension was planned to facilitate time to complete 885 sq km broadband reprocessing of the Honeycombs 3D survey data which was purchased for around AUD 6.2 million earlier in the term. The first exploration well is scheduled at the end of the first term, following the seismic reprocessing, geological/geophysical studies and well planning. The well is expected to cost around AUD 50 million.  WA-519-P lies to the southwest of the Equus Project fields and was awarded on 18 September 2015. One exploration well has been scheduled in term five at a forecasted cost of AUD 31.3 million. The commitment to drill the well must be made prior to the commencement of that term on 18 September 2019.  On 13 November 2017, Western Gas Corporation Pty Ltd announced that it has acquired 100% interest of the Equus Project and surrounding exploration permits from Hess Corporation. Completion of the deal will see Hess exit the region to focus on its core assets. Â  Â  Â 
Australia (North Carnarvon B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: WA-474-P op. by HESS (100.0%) to be check.WA-518-P op. by HESS (100.0%) to be check.WA-390-P op. by HESS (100.0%) to be check.WA-70-R op. by HESS (100.0%) to be check.WA-519-P op. by HESS (100.0%) to be check.