3D Oil Receives WA-527-P Work Program Extension

Source: www.gulfoilandgas.com 4/1/2020, Location: Not categorized

3D Oil has been granted a 21-month suspension and extension by the National Offshore Petroleum Titles Administrator ('NOPTA') for the offshore Bedout Sub-basin permit WA-527-P. This now gives 3D Oil until the 28th December 2021 to acquire and process a minimum of 510 km2 of 3D seismic data.

WA/527-P is approx. 80km north-east of the significant recent Dorado oil and gas-condensate discovery (Carnarvon Petroleum 20%, Santos 80%) for which FEED is currently being undertaken.

WA/527-P is a large permit covering approx. 6,500 km2 in the Bedout Sub-basin. 3D Oil has identified at least fifteen leads across the permit. Recent oil & gas migration studies have high graded the prospectivity of leads for oil and are the focus of 3D Oil’s ongoing farm-out campaign. A number of major strategic parties have expressed interest in the permit following the Dorado-1 discovery which has been enhanced by the recent studies.


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