This farmin is set against increasing industry focus on the offshore Otway Basin following the recent go-ahead for the development fo the Woodside Energy - Origin Energy led consortium's Thyalcine and Geographe gas field in the Victorian portion of the Otway Basin and the forthcoming drilling of the Amrit Prospect in Vic/P52 by Santos later this year.
EPP 27 is considered a very prospective area within the offshore South Australian Otway Basin. It contains more than 15 identified prospects and leads, most involving multiple potential reservoir targets, a number of which are associated with active hydrocarbon seeps and/or seismically defined direct hydrocarbon indicators. A Final location for the first well will be selected once seismic processing has been completed on a number of prospects near the Breaksea Reef and Galatea structures. Only two wells have been drilled in this permit, Argonaut in 1968 and Breasea Reef-1 in 1984. The latter well has an interpreted oil zone within a sandstone of the Belfast Mudstone formation and prospect in this area are encompassed by a large, naturally occurring hydrocarbon seafloor seep.
Most Popular Articles