Finder Exploration Wins Exploration Permit Offshore Western Australia

Finder exploration was awarded exploration permit AC/P 61 offshore Western Australia on June 23.

The permit is located in the Vulcan Sub-basin, western Bonaparte Basin in the Timor Sea off the northwest coast of Western Australia. According to Finder, the permit is surrounded by oil discoveries, ie the Tenacious oil field (yet to be developed) immediately to the west, the depleted Jabiru oil field immediately south and the yet-to be-developed Audacious oil field immediately to the east. Immediately to the north of the permit is the Oliver gas and oil discovery. The Cash-Maple gas field complex is about 30 kilometres to the west.

The company added that four petroleum systems were also identified. 

The permit is fully covered by the Onnia 3D seismic survey. A broadband pre-Stack Depth Migration reprocessing effort will include the adjacent offset well ties from the Oliver, Tenacious and Audacious oil and gas fields to deliver full permit coverage, Finder said.