Project Profile
Location: offshore the Territory of Ashmore and Cartier Islands, Bonaparte basin, Timor Sea, Australia
Area: 328 sq km
Water Depth: 90 - 110 m
Start-up Year: -
AC/P57 (released as AC13-4, Vulcan sub-basin) located offshore the Territory of Ashmore and Cartier Islands in the Bonaparte basin in the Timor Sea, has been awarded to Murphy Australia Oil and Mitsui E&P Australia. The joint venture proposed a work program of 114sq km 3D seismic reprocessing, geological and geophysical interpretation of data sets, and 335sq km 3D PTSM seismic reprocessing and amplitude-vs-offset (AVO) studies totalling US$1.15million. The secondary work program consists of well planning, geological and geophysical interpretation of data sets, one exploration well, and post-well geotechnical studies totalling over US$60.3million.
Operators:
Murphy Australia Oil: Operator with 60% interest
Mitsui E&P Australia: 40% interest