Australian oil and gas firm Santos has secured a new permit, WA-541-P, in a joint venture (JV) with BP in the Northern Carnarvon Basin.
The new acreage was awarded on-trend with the Dorado discovery in the adjacent permit, offshore Western Australia. Santos will serve as the operator of WA-541-P in the Northern Carnarvon Basin which is located to the west of the recent Dorado, Roc and Phoenix South hydrocarbon discoveries in the Bedout Sub-basin.
The new permit WA-541-P, which covers 6,964km², is a 50-50 JV between Santos and BP. The southern portion of the new block is directly adjacent to the proven Dorado structural-stratigraphic play trend, which is interpreted to extend into the new permit, Santos said.
Santos managing director and CEO Kevin Gallagher: “Santos is pleased to have been awarded this acreage on-trend with the Dorado discovery, a now proven world-class, liquids-rich petroleum system with high-quality reservoirs.
“We are excited at the opportunity to increase our exposure to this highly prospective region, leveraging our offshore operating expertise and building on the success of our 2019 drilling campaign to pursue further growth through our activities in Western Australia.
“We are proud to be the biggest producer of domestic gas in Western Australia, powering the industries that power Australia.”
In June 2019, Santos confirmed a ‘larger than anticipated’ oil and gas resource at the Dorado-2 appraisal well, following the latest appraisal drilling.
The company discovered a new gas resource in the Corvus field offshore Western Australia by drilling the Corvus-2 well in April 2019.