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As a leader in the UK energy market, Centrica supplies gas and electricity to a vast range of residential and commercial customers under the British Gas brand. The company’s strategy is based around sourcing an increasing amount of its gas supplies from its own sources.
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Nexus eyes ‘unexpected’ Basker result
By Upstream staff
Melbourne-based Nexus Energy said takeover target Anzon Australia’s announcement that it would sidetrack the Basker-6 development well after striking the target formation lower than expected was “unexpected”, and it would now consider the implications in relation to its merger plans with Anzon Energy, Anzon Australia’s parent.
Nexus said it was seeking more information from Anzon Australia following last week’s announcement that the well, in the Gippsland basin in Australia’s Bass Strait, had struck the target sands below the oil-water contact.
Anzon Australia said last week it planned to sidetrack the well to a point 500 metres north-east of the present bottom-hole position. It said pressure tested had suggested the sands were linked to producing zones in the existing Basker production wells.
Nexus said earlier this month that it might consider linking wells from the Anzon Australia-operated Basker Mantra Gummy joint venture to the subsea infrastructure of its nearby Longtom project following the completion of its merger with Anzon Energy and Anzon Australia.
At present, Anzon Australia plans to tie the Basker-6 well in to the Crystal Ocean floating production, storage and offloading platform later this year.
Anzon Australia holds a 50% stake, while partner Beach Petroleum holds 30% (subject to completion of a deal to sell Sojitz 10%), CIECO Exploration & Production holds 10% and Sojitz Energy the remaining 10% (subject to deal with Beach).
Monday, 31 March, 2008, 05:57 GMT | last updated: Monday, 31 March, 2008, 06:38 GMT
