Project Profile
Location: Offshore northern Perth Basin, Australia
Reserves: 160mmbbls
Area: 645.8km2
Depth: 800 metres
Drilling Start-up Year: 2017
Exploration Permit TP/15 is located in the offshore northern Perth Basin in close proximity to the Cliff Head, Jingemia and Eremia oil fields and the Dongara gas field. The permit occupies the 3 nautical mile wide state territorial waters offshore Western Australia adjacent to the township of Port Denison and covers an area of 645.8km2. TP/15 contains conventional oil plays, with the primary prospect being Xanadu, situated at the southern end of the permit. Norwest intends drilling conventional oil well Xanadu-1 in mid-2015; the well can be drilled from onshore via a deviated well, making drilling cost-effective. Norwest is currently seeking a partner to join in this venture, with RFC Ambrian co-ordinating the farm-out process. The Xanadu Prospect is a prominent horst block lying parallel to the coastline in very shallow water. Xanadu-1 will target Permian sands from a depth of approx. 800 metres. Norwest Energy is the current operator with 100% interest. However, Northwest Energy is currently seeking a partner to join in this venture.
Transerv Energy Ltd. has formed a strategic alliance with Norwest Energy NL to facilitate the farmout and drilling of the Xanadu Prospect in TP-15. (July, 2016)
Operators:
Norwest Energy: Operator with 25% interest
3C Group IC Limited (no website): 30% interest
Triangle: 30%
Transerv: 15%
Contractors:
Subcontractors: