Project Profile
Value: US$45.55 million (exploratory work program)
Location: Offshore Western Australia, in the shallow waters of the Joseph Bonaparte Gulf in the Petrel Sub-Basin, Australia
Area: 400km 2D seismic and 400km2 3D seismic
Water Depth: 40 metres
WA-488-P (released as W12-2) located offshore Western Australia in the shallow waters of the Joseph Bonaparte Gulf in the Petrel Sub-Basin has been awarded to MEO Australia Limited who will be the operator with 100% interest. The company proposed a guaranteed work program of 400km 2D reprocessing, geological and geophysical studies, and one exploration well with an estimated value of US$20.35 million. The secondary work program consists of 400km2 of new 3D seismic survey; geological and geophysical studies and one exploration well to an estimated value of US$25.2 million. There were no other bids for this area.
Operators:
MEO Australia Limited: Operator with 100% interest