Project Profile
Area: 250,000 square kilometers – Offshore and 20,000 square kilometres onshore
Location: Bonaparte Basin
Advent Energy holds an interest in (EP 386 and RL 1) of acreage in the onshore Bonaparte basin in Northern Australia. The Bonaparte Basin is a hydrocarbon-bearing sedimentary basin straddling the border between the Northern Territory (NT) and Western Australia (WA). Most of the basin is located offshore, covering 250,000 square kilometres, compared to just over 20,000 square kilometres onshore.
The prospectivity of the Bonaparte Basin is evident from the known oil and gas fields in both the offshore and onshore portions of the basin. However, despite the confirmation of a proven hydrocarbon system for both oil and gas, the basin remains lightly explored. Further discoveries can be confidently predicted on the basis of the high rate of success in the recent past.
Three modest gas discoveries have been made along the western edge of the basin, in an area characterised by a structural-stratigraphic trapping and active migration known as the Waggon Creek Embayment. In addition to further appraisal of the leads and prospects in the embayment, Advent intends to direct its efforts at locating and maturing higher risk-higher return shallow oil plays in the shale dominated late Devonian to early Carboniferous section where a number of promising leads have been identified. In EP 386 the three main discoveries made so far, Vienta, Waggon Creek and Bonaparte, contain estimated recoverable gas resources of 8 BCF, 12 BCF and 4 BCF, respectively.
Operators:
Advent Energy Ltd (Advent): Operator with 100% interest