PERTH, Australia — The Cliff Head joint venture (JV) has completed the first load-out of oil from its recently refurbished and expanded storage tanks at the Arrowsmith Stabilization Plant facility onto a chartered tanker, the AB Paloma, at the Port of Geraldton.
The CHJV trucked 24,500 bbl of oil from Arrowsmith Stabilization Plant to the Port of Geraldton between July 8 and July 11 and loaded it onto the AB Paloma. The tanker will remain on standby while the JV produces and stores a further 25,000 bbl to 30,000 barrels, which will then be loaded onto the tanker, in approximately six weeks. The AB Paloma with its cargo of oil will then head for Singapore for sale to refinery.
This new export route will now enable the continuation of oil production in the Perth Basin for both the Cliff Head oil field and other Perth Basin producers and will facilitate the JV to continue to progress plans for alignment on the future utilization of the Cliff Head facilities.
The Cliff Head Field is expected to increase production in late August when the CH10 well workover is completed. This workover will resume in late July when the long lead items, specifically the electric submersible pump, arrives in Australia. These long lead items were purchased using funds from the capital raise undertaken in May this year.
Triangle Energy (Global) Ltd. and Pilot Energy Lt.d are working cooperatively to finalize working arrangements and JV alignment regarding the future development plans for Cliff Head, which are focusing on the development of a carbon capture and storage (CCS) operation to provide CCS service to third parties. This could significantly extend the working life of the Cliff Head JV facilities.