IPB gets more time to acquire seismic in Browse basin permit

IPB Petroleum has informed that its application for a 12 month suspension and extension to the WA-471-P exploration permit work programme, offshore Australia, has been approved by the Commonwealth–Western Australia Joint Authority.

Following IPB’s application in May 2015, the company has been granted a twelve month suspension to the permit Year 2, and corresponding extension to subsequent permit years’ work programmes for its 100% held WA-471-P exploration permit located in the Browse Basin, offshore Western Australia.

The company says that the current work programme now provides it with further 12 months to start the acquisition of a new 600 sqkm 3D seismic survey in accordance with Year 2 Permit activities.

Also as a result of the extension of subsequent years’ work programmes, IPB now has additional time to satisfy future commitments including the Permit Year 3 exploration well which must now start before May 3, 2017. The optional Permit Secondary Term now starts on May 4, 2017.

IPB gets more time to acquire seismic in Browse basin permit

IPB’s Managing Director Brendan Brown commented on the revised Permit terms, “IPB is very pleased with the extensions granted to the Company’s WA-471-P future work programme, as it will provide increased flexibility for the group in managing the future exploration activities relating to its large Browse Basin acreage position.”

Share this article

Follow Offshore Energy Today

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Oil & Gas Indonesia 2017

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining and showcases the largest exhibition…

read more >

Global Offshore Technology Innovation Conference (OTIC) 2017

The conference is a combination of case study presentations, highly interactive workshops and informative panel discussions in order…

read more >

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! …

read more >

03rd OIL & GAS TANZANIA 2017

After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017…

read more >

Jobs>

Assistant Driller

Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.

apply

Electrician

For one of our clients we are looking for a Ships Electrician. Our client is a company with worldwide activities. You will work in a rotation of 4 till 6 weeks on and off.

apply

QC Coordinator Offshore

Do you attach great importance to quality and do you have an affinity with offshore projects? Then read about what Van Oord can offer you.

apply