Operated by Carnarvon, the two blocks include Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) and cover a total area of around 1,750 km2.
Carnarvon Petroleum managing director Adrian Cook said the company’s strategy for expansion on the North West Shelf is further complemented with securing a significant acreage position just to the south of two major oil fields with minimal commitments.
"That the blocks are already covered by extensive modern 3D data, combined with shallow water depths and reservoir targets, means that future exploration costs will be kept to a minimum as we pursue significant oil prospects in the acreage," Cook added.
"These blocks, together with the contiguous EP-491 award announced on 29 May 2014, provide an exciting new phase for growth for the Company."
The Wandoo Oilfield is located around 46km to the north of the blocks with primary reservoir at a depth of approximately 600m while the Stag Oilfield is located only 24km to the north of these blocks with its primary reservoir at a depth of approximately 700m.
