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>

<< Nov 2017 >>
MTWTFSS
30 31 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 1 2 3

OTC Asia 2018

The biennial OTC Asia is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge…

read more >

THE 5TH OIL & GAS VIETNAM 2017

The 5th edition of Oil & Gas Vietnam (OGAV) exhibition 2017 is the only specialized event in Vietnam that brings together an international…

read more >

FPSO Europe Congress 2018

The FPSO Europe Congress 2018 builds on these themes, lending a particular focus to FPSO Value Preservation and Operational Excellence…

read more >

Arabia 2018 Conference and Exhibition

Offshore Arabia is a focused prestigious meeting place of the Offshore Industry, and it’s diverse spectrum from the Oil & Gas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply