Project Profile
Location: Northern Browse Basin
Area: ~1,330km²
Water depth: 20-250 m
Start-up Year: -
AC/P45 exploration permit is located in the Browse basin of the NW shelf in Australia. The permit was awarded to Finder in April 2008. The permit is located along the boundary of the Ashmore Platform in the Territory of Ashmore and Cartier Islands and the highly prospective Browse Basin, 240km off the coast of north western Australia. The area lies north and east of Finder’s (40%) AC/P 36 exploration permit and approximately 120km north of the giant Gorgonichthys-Brewster gas field. The permit has several prospects and leads over multiple play levels, with both oil and gas potential. There is significant identified prospectivity with over 10 structural prospects and strong leads identified within the Permits, most with multiple reservoir target levels. Zeta and Alpha are the two standout prospects with significant and material follow-up:
Zeta - High reward gas potential: Permian carbonate reef target with areal extent in excess of 370 km² with 1,100 metres closure height. Zeta has an unrisked gas-in-place highside resource estimate of about 8.9 TCF at approximately 3,800 metres sub-sea in 90 metres water depth – jack up drilling accessible;
Alpha - High reward oil potential: Triassic clastics target with areal extent in excess of 25 km² with 150 metres closure height. Alpha has an unrisked oil-in-place highside resource estimate of about 640 mmbbls at approximately 2,900 metres sub-sea in 130 metres water depth;
Drill Ready: 864 km² of multi-client pSTM 3D seismic data has confirmed both Zeta and Alpha as “drill-ready” prospects with low structural risk. No significant “Browse over-pressure” is expected for either prospect; and
Operators:
Finder Exploration: Operator with 100% interest