Introduction

Dingo is a gas field consisting of 469 square kilometres L7 permit. 20 graticular sections extend over another 1,489 square kilometres. New Zealand Oil & Gas has a right of first refusal to participate in further exploration into neighbouring blocks.

Geology

Opportunities for further infill wells and exploration of the deeper formations exist. Gas was first discovered in 1985 in the Neoproterozoic Arumbera A1 Sandstone.  The structure is 11 kilometres by 5.6 kilometres and not completely filled. The productive reservoir is at a depth of approximately 3,000 metres subsurface.

Production




The field consists of wellhead facilities, gathering pipelines, compression, a 50 kilometres gas pipeline (Pipeline Licence PL 30) to Alice Springs with gas conditioning and custody transfer metering facilities.
Four wells have been drilled in the field. High pressure gas is produced from the Dingo wells and transported via pipeline to the Dingo processing facility at Brewer Estate near Alice Springs.  From there, water and condensates are removed and the pressure is reduced. The gas is supplied to the Owen Springs Power Station.

Participating Interests post-acquisition*

L7 Production Licence, Amadeus Basin.
New Zealand Oil & Gas 35%,
Cue 15%,
Central Petroleum 50% (Operator).
*On 24 June 2021, New Zealand Oil & Gas shareholders voted to approve the transaction. The acquisition remains subject to certain other conditions, expected to be satisfied in August. At completion, the effective economic date of the transaction is 1 July 2020.


Dingo gas field resources and reserves

Dingo resources and reserves*
 Net equity Net 2P Total Reserves mmboe  Net 2U Unrisked Prospective Resources mmboe
50% 2.9 4
Dingo Net 1P
  Developed   Undeveloped     Total
 Net equity    Gas PJ     Equivalent mmboe  Gas PJ    Equivalent mmboe  Gas PJ     Equivalent mmboe
50% 7.2 1.2 7.5  4.0  14.7  11.8

 

Dingo Net 2P
  Developed   Undeveloped     Total
 Net equity    Gas PJ     Equivalent mmboe  Gas PJ    Equivalent mmboe  Gas PJ     Equivalent mmboe
50% 10.0  1.6 8.0 1.3 18.1  2.9

 

Dingo Net 3P  
  Developed   Undeveloped     Total
 Net equity    Gas PJ     Equivalent mmboe  Gas PJ    Equivalent mmboe  Gas PJ     Equivalent mmboe
 25%  13.3 2.2  9.8  1.6 23.1  3.8

* Includes 100% of Cue’s share. See Reserves