Australia's Department of Mines and Petroleum (DMP) announced a new lease sale for Western Australia. Six licenses, four onshore and two offshore, are being placed on the auction block.
“In 2012, the Western Australian petroleum sector was valued at a record A$24.4 billion, so this is an exciting opportunity to expand on such growth,” said DMP Petroleum Executive Director Bill Tinapple.
The offshore areas are located off the Pilbara coast within the Northern Carnarvon Basin.
One area, the combined state acreage release area L13-1/T13-1, is thought to cover approximately 370 sq km area south of Barrow Island, home to Chevron's Gorgon gas project, in the Barrow Sub-basin. According to DMP documents, Area L13-1 is a prospective oil lease, whereas T13-1's sourthern portion is has potential for gas pay. Water depths are measured between 10-50m.
A second area, state acreage release area L12-1, spans approximately 878 sq km lies off the Western Australian coast and lies within the Barrow Sub-basin, less than 50km northeast of Onslow. A total of five wells have been drilled in the area with the first in 1968 by West Australian Petroleum Pty Ltd.
Work program bids close November 14, 2013.