Bass Strait Oil Wins 5-Year Exploration Permit Offshore Australia

Bass Strait Oil Wins 5-Year Exploration Permit Offshore Australia

Bass Strait Oil Company Ltd has been granted a new five year term for the Vic/P41 exploration permit, starting 29 November 2011. The Vic/P41 exploration permit is situated in the offshore Gippsland Basin, 40 km from the coast and southeast of the Victorian town of Orbost, Australia, with water depths ranging from 80 to 250 metres.

“With the increasing focus on eastern states gas market, the area is certainly worth perusing as it is primarily a gas play area.”, Bass Strait oil said.

The 540 km2 renewal area includes the Kipling and Benchley prospects along with Lead A. All three of these features are on trend with and analogous to the Kipper Field which is approximately 20 km to the west. The Oscar prospects are on trend and analogous to the Basker Manta Gummy fields 10 km to the west. The main section of the permit is covered by the existing Oscar 3D seismic survey which was acquired by the Joint Venture in 2005.

The primary term work  program commitment is to acquire 3D seismic data over the Lead A area of the permit and then to undertake simultaneous seismic inversion of that data. This, together with the inverted Oscar 3D, will provide a consistent  data set from which to determine the optimal exploration drilling target to test the Golden Beach play. The Vic/P41 joint venture is in continuing dialogue with potential farmin partners.

Offshore Energy Today Staff, December 2, 2011; Image: Bass Strait Oil Company Ltd

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2019 >>
MTWTFSS
29 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 31 1

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

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