3D Oil received new exploration permit for WA-527-P offshore block in Roebuck Basin of Western Australia. The offshore block covers an area of 6,590 sq km with water depth between 65 m and 168 m, located at the east part of a series of recent oil and gas discoveries uncovering a new petroleum province. The area of the WA-527-P offshore block was already covered by a broad grid of 2D seismic data, but has no exploration wells, so 3D Oil will seek for partners for farm-in operations. The Minimum Guaranteed Work Programme consists of studies of the 2D data, as well as acquisition of 510 sq km of 3D seismic survey.
“The Joint venture clearly considers the area to have remaining potential as they have planned the drilling of the Dorado-1 well later this year located up dip of the Roc structure. The results of this well could have implications for WA-527-P prospectivity as 3D Oil’s view is that the target could be within a similar geological setting of the identified leads”, says the official statement of 3D Oil.
The evaluation of WA-527-P undertaken by TDO included a review of the existing seismic data, licenced Spec Data and a full petroleum systems analysis. The petroleum system uncovered by the recent discoveries is interpreted to be active nearby and partly within to WA-527-P.
3D Oil Limited is oil company incorporated in July 2003, which has interest in Australian offshore zones. The initial focus of the company is on the Gippsland Basin, which has been one of the most prolific oil and gas producing region in Australia. 3D Oil currently has interests in exploration permits in the offshore Gippsland and Otway Basins of South East Australia.