Oilex Consortium Wins Carnarvon Basin Permit

Oilex NL said that it has accepted the offer made by the Commonwealth-Western Australia Offshore Petroleum Joint Authority for the award of permit W05-11 located in the offshore Carnarvon Basin on behalf of a consortium of 5 companies led by Oilex.

W05-11 was offered in the bid round that closed on 26 April 2006. It is located to the north of the Goodwyn / North Rankin gas fields trend and to the northeast of the Jansz-Io gas discoveries in the Exmouth Sub-basin.

The successful bidding group comprises Oilex (Operator, 20%) and major Indian companies Gujarat State Petroleum Corporation Ltd (20%), Videocon Industries Ltd (20%), Hindustan Petroleum Corporation Ltd (20%) and Bharat Petroleum Corporation Ltd (20%).

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