Project Profile
Location: Dampier Basin, offshore Western Australia
Reserves: 447 million barrels of oil equivalent or MMboe, (unrisked best estimate basis)
Depth: 25 - 110 m
FAR geotechnical evaluation of offshore Western Australia exploration permits WA-457-P and WA-458-P in Australia’s Dampier Basin has identified multiple prospects with total prospective resources amounting to 447 million barrels of oil equivalent, or MMboe, (unrisked best estimate basis) net to FAR. Existing extensive vintage 3D seismic and 2D seismic data covering both permits as well as exiting well data were used to calculate the resource estimates. The permits are located within an active petroleum system on the North West Shelf and are surrounded by oil and gas discoveries.
Operators:
FAR Ltd.: Operator with 100% interest