WHL Energy Receives Approval to Vary Work Program

Australian energy company WHL Energy Limited (WHL Energy or the Company) announced Wednesday that it has received approval from the Commonwealth-Victoria Offshore Petroleum Joint Authority for an above-commitment variation of the Permit Year 3 work program for exploration permit VIC/P67 in the Otway Basin, offshore Australia, and a 12 month suspension of the Permit Year 3 work program commitments, with a corresponding 12 month extension of the permit term. As a result, Permit Year 3 will end on Aug. 3, 2016 and the permit term will end on Aug. 3, 2019.

WHL Energy Chairman, Stuart Brown, said; “This approval recognizes the extensive exploration efforts conducted over the past few years to evaluate the gas potential within the VIC/P67 permit and provides the time necessary to de-risk and further mature the identified prospectivity.”


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Contracts Administrator
Expertise: Contracts Administration
Location: Anacortes, WA
Contract Specialist II
Expertise: Contracts Administration
Location: Midland, TX
Logistics Coordinator
Expertise: Customer Service|Logistics Management
Location: Marietta, OH
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours