Amadeus Basin

Cue has interests in 3 production assets (Mereenie, Palm Valley and Dingo fields) in the Amadeus Basin, onshore Northern Territory, through an acquisition from Central Petroleum which completed on 1 October 2021, with an effective date of 1 July 2020.

As of June 30 2021, Cue has reported 4.1 mmboe of 2P reserves from the Mereenie, Palm Valley and Dingo Field. Details can be found in the 30 June 2021 Reserves and Resources report.

Cue holds the following interests: 

Mereenie         7.5%
Palm Valley     15%
Dingo              15%



 

 



Mereenie gas and oil field (OL4 and OL5 production licences)

The Mereenie field produces gas which is transported via the Northern Gas pipeline to the Eastern Australia gas market. Oil and condensate are trucked to Port Bonython, South Australia export by tanker; normally to refineries in Singapore. 71 Wells have been drilled in the field since discovery in 1963 and 49 are currently online.

Recent development in the Mereenie field includes the drilling of the WM-27 and WM-28 wells and recompletions of existing wells, which was completed in late September 2021 and is expected to add 10 TJ/d or capacity to the field.

The hydrocarbon accumulation is contained in an elongate four-way dip anticline. Reservoirs comprise a series of interbedded sandstones of the Pacoota Formation. More than twenty separate conventional reservoir sands have been identified and correlated across the field, with typical individual net sand thicknesses of less than 5 metres. The Mereenie field has a gross hydrocarbon interval of more than 800 metres, with a gas cap and an oil rim.

Participating interests in the OL4 and OL5 production licences are:

Central Petroleum (operator) 25%
Macquarie Mereenie 50%
New Zealand Oil & Gas 17.5%
Cue 7.5%

 

Palm Valley gas field (OL3 Production Licence)

The Palm Valley field is 100 km west of Alice Springs and produces gas which is transported through the Amadeus and Northern Gas pipeline and sold into Northern Territory and Eastern Australia Gas Markets.

The Palm Valley field started production in 1983 are currently 4 gas production wells in the anticlinal structure which is approximately 29 kilometres long and 14 kilometres wide.

Further development is being planned in the field, with the drilling of Palm Valley Deep exploration well planned to start late 2021. The Palm Valley Deep will target gas in the Arumbera sandstone and if unsuccessful will be completed as a gas production well in the Pacoota sandstone.


Participating interests in the OL3 production licence are:

Central Petroleum (operator)            50%
New Zealand Oil & Gas                    30%
Cue                                                  15%












Dingo gas field (L7 Production Licence)

The Dingo field produces gas which is processed at the Brewer Estate processing facility near Alice Springs and then supplied via pipeline to the Owen Springs Power Station, which supplies electricity to Alice Springs.

4 wells have been drilled in the field since discovery in 1985. 

Further development is planned for the Dingo field with the drilling of Dingo Deep in late 2021. The Dingo Deep well is planned as an exploration well top test the Pioneer Sandstone and deeper Areyonga Formation.

The well also contains a production target in the Arumbera sandstone.

Participating interests in the L7 production licence are:

Central Petroleum (operator)            50%
New Zealand Oil & Gas                     30%
Cue                                                   15%