Project Profile
Value: US$52 million (exploratory work program)
Location: Caswell Sub-basin, Prudhoe Terrace and Yampi Shelf of the Browse Basin, offshore Western Australia
Area: 1,110 km2
Start-up Year: -
WA-485-P (released as W12-3) located offshore Western Australia in the Caswell Sub-basin, Prudhoe Terrace and Yampi Shelf of the Browse Basin has been awarded to IPM West Pty Ltd who will be the operator with 100% interest. The company proposed a guaranteed work program of geological and geophysical studies, 610km2 3D seismic survey and two exploration wells, all to an estimated value of US$32.25 million. The secondary work program consists of geological and geophysical studies; one exploration well and 500km2 3D seismic survey to an estimated value of US$19.75 million. There were no other bids for this area.
Operators:
IPM West Pty Ltd: Operator with 100% interest