Carnarvon inks Bonaparte Basin license

November 3, 2017

Carnarvon Petroleum has been awarded the shalow water AC/P62 permit in the Southern Vulcan Sub-basin, in the prospective Bonaparte Basin, on Western Australia’s North West Shelf.

The large 1512sq km permit contains multiple attractive leads in the same proven producing basin that includes the Montara, Jabiru, Skua and Challis oil fields, says Carnarvon.

Polarcus recently acquired the Cygnus 3D survey over 682sq km of the recently awarded AC/P62 acreage. This is expected to help image the subsurface, wher eprevious seismic interpretation has been hampered by poor quality vintage seismic data.

Carnarvon is planning variosu studies, including a satellite seep survey, high-resolution biostratigraphy, fluid inclusion analysis, petrophysical reviews, burial modelling, fault seal analysis, rock physics analysis and seismic inversion of the Cygnus 3D.

Carnarvon has identified several large, robust Jurassic leads, over multiple reservoir levels. There is also potential for secondary plays in the shallower, Late Cretaceous stratigraphy that will be the focus of Carnarvon’s ongoing technical investigations.

Managing Director, Adrian Cook said: “This is Carnarvon’s first permit within the Vulcan Sub-basin, adjacent to the Skua and Montara oil fields. Given the shallow water depths, jackup drilling is possible, meaning the potential for lower cost drilling and field developments in the permit. I look forward to seeing the next phase of our team’s technical work and having the prospects within AC/P62 matured to drillable status.”

 


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