Project Profile
Value: Undisclosed
Location: Money Shoals basin, off Australia’s northern teritory
Start-up Year: -
Area: 15,000 sq km
The 15,000 square-kilometre NT/P83 licence in the Money Shoals basin, about 100 kilometres off Darwin, is believed to be highly prospective for hydrocarbons.
Tangiers intends to perform geotechnical studies and acquire 500 kilometres of 2D seismic data on the block under its proposed work programme.
Operators:
Tangiers Petroleum: Operator with 100% interest