Oil&Gas
Block V11-5-Vic/P68, Rosedale Fault & Lake Wellington Fault Trends
2017-12-21 15:00  点击:0
VIP:1级

Project Profile


Value: Undisclosed
Location: NE of Gippsland Basin, covering parts of the Central Deep, Northern Terrace and Northern Platform
Start-up Year: 2013
Gas reserves: 1.7 TCF gas and approximately 86 mmbbls condensate
Water depth: 50-150m
Area: 1,082 km2

Victoria Offshore Petroleum Joint Authority has granted, on 7 of May 2012, the Bass Strait Oil Company the 2011 Australian Acreage Release Block V11-5 which will be known as Vic/P68. The area lies in the northeastern part of the Gippsland Basin, and covers parts of the Central Deep, Northern Terrace and Northern Platform, with water depths increasing from 50-150m towards the southeast. It encompasses 16 graticular blocks and covers 1,082 km2. The block contains two primary resource trends, the Rosedale Fault Trend and the Lake Wellington Fault Trend.

Rosedale Fault Trend - gas and associated liquids

The block contains gas prospects immediately offset (2km to the west) from the Kipper Gas Field, recently developed by the ExxonMobil/BHPBilliton/Santos Joint Venture. The Rosedale Fault Trend has been a key focus of activity for BAS over the last few years with the company now assembling the largest acreage position in this trend. BAS operates three other permits along this trend, Vic/P47, Vic/P41 and Vic/P66 and will now add the fourth by holding the new permit with 100% interest. Such levels of Operatorship are unique for junior oil and gas exploration companies in the region. These four permits account for approx. 4,000 acres focused on the Rosedale Fault Trend. Gas is currently anticipated to be required to fill contractual gaps from 2016 onwards which aligns with the company\'s timing of commercial development in the region.

Lake Wellington Fault Trend - oil

Previous operators working this area of the Northern Platform have identified a trend of structures associated with movement on the Lake Wellington Fault. Leatherjacket-1 intersected two oil columns (25m and 8m thick) within the high permeability reservoirs of the upper Latrobe Group and is immediately downdip of five similar structural features (leads) in the northern portion of the permit that have been interpreted by BAS. These will be the focus of addressing this play trend.


Operators:

Bass Strait Oil Company: Operator with 50% interest

Cooper Energy: 50% interest
联系方式