Western Australia

WA-388-P: Carnarvon Basin
Offshore Western Australia

As part of a developing gas strategy with our Indian partners, Oilex, as Operator on behalf of a bidding group with large Indian companies successfully bid for Application Area W05-11 in April 2006. The permit is now designated as WA-388-P. The block lies to the north of the North Rankin, Goodwin and Perseus gas and condensate fields currently being produced for the domestic and LNG gas markets by Northwest Shelf Ventures and to the north of the large gas resources discovered in the Janz/lo area.

The Joint Venture comprises Oilex (Operator, 20%), GSPC (20%), Videocon (20%), Hindustan Petroleum Corporation Ltd (20%) and Bharat Petroleum Corporation Ltd (20%). 

Following a period of re-evaluation of existing data, a 1000 sq km 3D seismic survey was acquired in 2008. Processing of these data will be finalised in 1Q 2009 and an evaluation of the gas potential carried out. A decision to enter the second period of the permit and drill the best prospect identified will be taken later in 2009.

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