Potential seen in areas off Northwest, Southeast Australia
- Bureau of Resource Sciences, Canberra (Australia)
Effective with its 1997 release of offshore acreage, Australia launched a new system of offering two groups of areas with different closing dates. In the group for which bids close in March 1998: the Brose basin, which has supergiant gas reserves and now the major Cornea oil discovery, has the potential for more major discoveries in moderate to deep water between the petroleum kitchens and basin margin fields; elsewhere, shallow water, underexplored parts of the oil productive Bonaparte basin have intriguing oil and gas shows, noncommercial discoveries, and seismic anomalies. Small and large companies, with bids guaranteed by seismic-only to multiwell work programs, were successful in gaining exploration permits from the previous bidding round. The paper describes the bidding areas, the Southern Timar Sea, and the Petrel sub-basin.
- OSTI ID:
- 549442
- Journal Information:
- Oil and Gas Journal, Vol. 95, Issue 47; Other Information: PBD: 24 Nov 1997
- Country of Publication:
- United States
- Language:
- English
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