Project Profile
Location: Rankin Platform of the Carnarvon Basin, 150 km from the coastline of Western Australia
Reserves: Othello prospect – 2.8 TCF OGOP, Mungaroo Channels – 1 TCF OGIP and Cassio
prospect – 250 BCF OGIP
Area: 80km²
Water Depth: 80-140 metres
Start-up Year: -
Finder Exploration was awarded Exploration Permit WA-445-P on 13 May 2010 (which was gazetted as W09-9 in the 2009 acreage release round). The Permit is located on the Rankin Platform of the Carnarvon Basin and is approximately 150 km from the coastline of Western Australia and approximately 30 km from the pipeline network that supplies gas to the North West Shelf Venture export LNG trains onshore near Karratha. WA-445-P lies between the Echo/Yodel & Sculptor fields and the recent Lady Nora Triassic oil discovery to the east and Wheatstone field to the west. During the interpretation of the 3D pSDM dataset the presence of residual multiple energy (“peg-leg” multiples from the base regional seal, ie the Muderong Shale) was recognised, despite Finder’s best efforts to remove this during reprocessing. Consequently, a further pSDM reprocessing of the Survey will be completed by PGS Australia Pty Ltd (Petroleum Geo-Services) utilising Anisotropic Beam Migration.
There are three prospects being identified till now.
The Othello prospect – Mungaroo subcrop (“D”, “E” and “F” sands) at around 3,050 metres sub-sea Echo/Yodel analogue with approximately 2.8 TCF OGOP highside unrisked resource estimate with high liquids potential.
The Mungaroo Channels – three amplitude supported Mungaroo channels (Noblige analogue) at approximately 3,900 metres sub-sea with a total of roughly 1 TCF OGIP best estimate unrisked resource.
The Cassio prospect – Amplitude supported Oxfordian age stratigraphic play at 3,350 metres sub-sea with about 250 BCF OGIP best estimate unrisked resource. The permit covers a surface area of 2,675km² at water depth of 80 to 140 metres.
Operators:
Finder Exploration: Operator with 100% interest
Contractors:
PGS Australia Pty Ltd (Petroleum Geo-Services): A pSDM reprocessing of the geological survey