Subscribe free to our newsletters via your
. 24/7 Space News .




ENERGY TECH
BP wins right to explore in Australia
by Staff Writers
Sydney (AFP) Jan 17, 2011


Australia on Monday gave BP permission to explore for oil and gas off its south coast, saying the company had agreed to integrate lessons learned from the Gulf of Mexico spill in its operations.

The troubled energy giant was among a group of companies awarded seven new permits to explore for oil and gas off South and Western Australia.

Energy Minister Martin Ferguson said BP had agreed to "fully integrate lessons learned from the Deepwater Horizon incident into its systems and processes", referring to the April 2010 blowout at BP's Macondo well.

The accident left 11 workers dead and spewed 4.9 million barrels of oil into the Gulf of Mexico.

"I am satisfied that we have put in place the appropriate safeguards and note BP's commitment to work with government and regulators to ensure the highest possible safety standards as they carry out this work," Ferguson said.

Australia is offering new leases as it attempts to meet its growing energy demands and Ferguson said increasing exploration was "essential to finding Australia's next offshore petroleum province".

"Australia has a Aus$16 billion trade deficit in crude oil, refined products and liquefied petroleum gas which is expected to rise, possibly as high as Aus$30 billion by 2015," he said.

"Our energy security will be greatly enhanced by opening up new geological frontiers and reducing our dependence on imports."

Ferguson said that BP Exploration Alpha Ltd. had won four permits for exploration off South Australia after an "extensive assessment" by regulators.

The British energy company plans to conduct 3D seismic surveying of about 11,400 square kilometres (4,400 square miles) within the first two years, followed by the drilling of four exploration wells in either 2013 or 2014.

BP said it will explore an area totalling 24,000 square kilometres in the unexplored Ceduna Sub Basin for oil and gas reserves, with the right to develop any commercially viable discoveries.

"Our experience tells us that the geology has a high potential for containing hydrocarbons," said Phil Home, managing director of BP's Australian upstream oil and gas business, in a statement.

BP said the proposed exploration would be carried out over six years and would be subject to detailed environmental assessments.

-- Dow Jones Newswires contributed to this story --

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
BP embarks upon Russian Arctic energy exploration deal
London (AFP) Jan 15, 2011
British oil giant BP has agreed a huge Arctic exploration deal and share-swap with Russian state firm Rosneft, but the green lobby Saturday slammed the move so soon after the Gulf of Mexico oil spill. BP chief executive Bob Dudley and Rosneft President Eduard Khudainatov flew into London on Friday to sign the agreement, which allows them to jointly exploit the vast untouched oil and gas reso ... read more


ENERGY TECH
Lunar water may have come from comets - scientists

Moon Has Earth-Like Core

The Hunt For The Lunar Core

Rocket City Space Pioneers Announce Partnership With Solidworks

ENERGY TECH
Scanning The Red Planet

Mars Desert Research Station 2011 Field Season Begins

Rover Continues To Explore Santa Maria Crater

NASA tries to awaken mars rover

ENERGY TECH
Space agencies challenge kids to 'train like astronauts'

Voyager spacecraft going strong at age 33

Taiwan develops face-recognising vending machine

Space oddities go on auction in US

ENERGY TECH
China Builds Theme Park In Spaceport

Tiangong Space Station Plans Progessing

China-Made Satellite Keeps Remote Areas In Venezuela Connected

Optis Software To Optimize Chinese Satellite Design

ENERGY TECH
ATV Johannes Kepler Gears Up For Space Journey

International Space Station and Mars Conference at George Washington University

Deal expands commercial travel to ISS

Extension of space station support fails

ENERGY TECH
ATM Is Readied For Its February Launch On Ariane 5

Arianespace Will Have A Record Year Of Launch Activity In 2011

2011: The Arianespace Family Takes Shape

Arianespace says it plans 12 launches in 2011

ENERGY TECH
Inclined Orbits Prevail In Exoplanetary Systems

Planet Affects A Star's Spin

Kepler Mission Discovers Its First Rocky Planet

NASA spots tiny Earth-like planet, too hot for life

ENERGY TECH
ViviSat Launched

Method Discovered To Determine When Metals Reach End Of Life

Launch of Murdoch's The Daily delayed: report

Google buys eBook Technologies




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement