Perth Based Transerv Energy Gets Nod to Drill at Warro Gas Field

Perth based Transerv Energy on Thursday said that it received approval to proceed with the next phase of drilling at the Warro gas field in Western Australia.

This phase will comprise the drilling of Warro-5 and Warro-6, including extended well testing.

Transerv is the operator of the Warro Joint Venture (WJV).

The program is being funded by Alcoa as part of an existing farm-in arrangement whereby Alcoa can earn up to a 65 percent interest in the gas field through expenditure of up to $88 million (A$100 million).

WJV is well advanced in its planning activities and has already lodged the Environmental Plan for the operations, Transerv said.

Transerv expects to commence drilling operations during the first half of 2015, subject to timely approvals.

The Warro gas, north of Perth in the Perth Basin, is one of the largest undeveloped onshore gas fields in Australia.

The interest holders in the WJV are Transerv Energy (57 percent) and Alcoa (43 percent).