Project Profile
Value: US$31.2 million
Location: Over the waters, Barrow Sub-basin, Australia
Area: 505km2
Start-up Year: -
WA-486-P (released as W12-9) over the waters in the Barrow Sub-basin approximately 45-50km offshore from Onslow. The project was originally awarded to Apache Northwest Pty Ltd. The company proposed a guaranteed work program of 505km2 3D seismic acquisition and reprocessing; geotechnical studies; rock physics/quantitative interpretation and 3D seismic inversion studies to an estimated value of US$10.8 million. The secondary work program consists of geotechnical studies and one exploration well to an estimated value of US$20.4 million. There were four other bids for this area. The project is now operated by Quadrant Energy and Carnarvon Petroleum.
Operators:
Quadrant Energy: Operator with 71.5% interest
Carnarvon Petroleum: 28.5% interest