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Chester Chua

Chester Chua

Senior Regional Manager, Asia Pacific at Enverus (formerly DrillingInfo), covering upstream exploration scouting and a SEAPEX forum convenor.

Oct 13, 2026

8:26
That should be close
8:26
... yeah.
8:27
Yeah.
8:27
So on oil, this is, this is the kind of recovery factor that we are getting in, uh, China.
8:33
So very typical kind of, um, discovery.
8:37
So they have made...
8:38
And then on top of that, the South China Sea area, you know, split up into the, the deeper water, they are making discoveries as well.

6 MINS LATER

15:04
Okay
13:15
Right
13:15
...
13:15
this year.
13:16
Uh, on top of that, it's not just Shell.
13:18
We have Elissa, who did the play opener, uh, f- couple of years ago, um, with their Daydream, uh, 2 well, and then that just kickstart the whole thing.
13:30
Um, what, the location of this play is really strategic.
13:34
It's near where all the major pipeline, uh, and the major gathering gas system that supply the gas to the, uh, Queensland LNG facilities.
14:25
Uh-huh.
2:44
Okay.
2:45
So, you know, the project has been delayed so long by the Australian government.
2:49
So the, uh, Woodside is just saying that the longer this is delayed, the inflation is going to kick in even more, and the cost of development will be even more for this project, basically.
3:02
And it will just make...
3:03
It will means that the gas will be, uh, less competitive in the global market.
3:08
So it's just, it's supposed, I think, Woodside's push to tell the government that we need to act faster on it, uh, because it's still un- it's still not been, uh, s-sanctioned.
3:18
Uh, the project is still under study by the government on, you know, the various environmental, uh, approval.
5:21
Mm-hmm

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