Pilot Energy: More time for 3D seismic work at WA-503-P (Australia)

Pilot Energy has been granted by the National Offshore Petroleum Titles Administrator (NOPTA) a Transitional Work Program Variation for the offshore exploration permit WA-503-P, north of Dampier, Australia.

Under the original permit conditions, the company had until May 12, 2015, to complete the 3D seismic program, prior to the assignment of Pilot Energy’s permit interest.

Now, the NOPTA has given Pilot Energy until May 12, 2017, to complete the 3D seismic work and other geological and geophysical studies.

“Certain reporting and contracting requirements are stipulated as a condition of NOPTA’s approval, and Pilot Energy is confident it is able to comply with these requirements,” the company said in its press release.

Pilot Energy Managing Director, Iain Smith, said: “We are pleased to have received this approval from NOPTA, which provides Pilot Energy with sufficient time to progress exploration of WA-503-P while remaining in compliance with the permit conditions.

“The Pilot Energy technical team has identified three prospects within WA-503-P, offering material prospective oil resources that we intend to validate via an independent expert report in the near future.”

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 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 1

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation…

read more >

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

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