Project Profile
Value: Undisclosed
Location: near Daly Waters town, Beetaloo Basin, around 500km South East of Darwin, Australia
Reserves: unknown
Area: approx. 4000 sq kms
Start-up Year: -
INPEX has received approval by the Northern Territory Government for the company’s successful bid to pursue an exploration permit for onshore petroleum exploration acreage. The onshore acreage (area EPNT14-1) was situated in the highly prospective Beetaloo Basin, around 500km South East of Darwin. Access to this acreage would provide INPEX with additional potential oil and gas resources for development. INPEX tendered for the right to pursue exploration following the NT Government’s release of acreage in June and July 2014. Following this first step, INPEX expects a highly detailed and very closely monitored process of Native Title negotiation, overseen by the Department of Mines and Energy. The process, which is required for any future offer of an exploration permit, will also involve consultation with pastoral land lease holders and could take up to two years. The acreage area consists of 50 blocks totalling approx. 4000 sq kms, with the nearest town being Daly Waters.
Operators:
INPEX: Operator with 100% interest