It is as a result of Eagle Bay Resources exceeding its 6 year work obligations in the 100% owned (at grant) Gippsland Basin Oil permits VIC P41 and VIC P47 that we have been offered this prime deepwater frontier exploration block which hold significant leads including Blue Whale. Most of the world's shallow water basins have been exhaustively explored for oil and it is the new deepwater frontier which offers the greatest prospect of major new oil discoveries.
Eagle Bay Resources will offer operatorship of the permit for a 400 square kilometer 3D seismic survey to any party with substantial deepwater drilling experience, subject to all governmental approvals.
Most Popular Articles
From the Career Center
Jobs that may interest you