Project Profile
Location: Otway Basin, southwestern Victoria, Australia
Area: 1,974 sq km
Licence award: August 26, 2013
Licence expiry: August 26, 2019
Start-up Year: -
Victorian Government has granted a new exploration permit PEP 171, for initial 5 year terms commencing August 26, 2013 to Cooper Energy Limited. Cooper Energy considers the permit to be prospective for both oil and gas in the Sawpit and Casterton Formations, with a range of conventional and unconventional plays identified. Initial activity is expected to consist of acquisition of 3D and 2D seismic in 2014, followed by exploration drilling in both permits in subsequent years.
Operators:
Beach Energy Limited/Mawson Petroleum Pty Ltd: Operator with 75% interest
Cooper Energy Limited (through Somerton Energy Pty Ltd): 25% interest