Total Takes Stake in Browse Basin Permit Offshore Australia


Browse Basin
(Click to Enlarge)
Total has signed an agreement with U.S.-based Apache to farm into the offshore AC/P37 permit in Australia's Browse Basin. Located around 200 kilometers off the northwestern coast in a water depth of approximately 200 meters, this permit covers an area of 4,415 square kilometers.

Total is acquiring an 80% interest in and will operate the lower levels of this permit, beginning at a depth of roughly 4,000 meters. Apache is retaining a 20% interest and holds a 100% interest in the upper levels.

The farm-in strengthens Total's presence in Australia's North West Shelf, where it has interests in nine permits, and in the Browse Basin in particular, where the Group has had a 24% interest in the WA-285P permit containing the Ichthys discovery since 2006. The Ichthys liquefied natural gas project is scheduled to come on stream early in the next decade.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Project Manager - Manufacturing
Expertise: Manufacturing Engineering|Project Management
Location: Chesapeake, VA
 
Project Manager
Expertise: Project Management
Location: Clear Lake City, TX
 
Landman
Expertise: Landman
Location: Gillette, WY
 
search for more jobs

Brent Crude Oil : $51.82/BBL 0.53%
Light Crude Oil : $49.62/BBL 0.12%
Natural Gas : $3.14/MMBtu 3.28%
Updated in last 24 hours