Santos said it has been awarded new acreage offshore Western Australia, in a 50-50 joint venture with BP.
Santos will operate the new permit, WA-541-P, in the Northern Carnarvon Basin which lies to the west of the recent Dorado, Roc and Phoenix South hydrocarbon discoveries in the Bedout Sub-basin. WA-541-P covers 6,964 square kilometers.
The southern portion of WA-541-P is directly adjacent to the proven Dorado structural-stratigraphic play trend, which is interpreted to extend into the new block.
Santos Managing Director and Chief Executive Officer, Kevin Gallagher, said Santos is committed to building its position as the leading producer of gas to the Western Australian market.
“Santos is pleased to have been awarded this acreage on-trend with the Dorado discovery, a now proven world-class, liquids-rich petroleum system with high-quality reservoirs,” Gallagher said.
“We are excited at the opportunity to increase our exposure to this highly prospective region, leveraging our offshore operating expertise and building on the success of our 2019 drilling campaign to pursue further growth through our activities in Western Australia.”