Oil Basins Limited: Oil and Gas Explorer

Carnarvon Basin, Western Australia Retention Lease R3 / R1 (Cyrano)

General

  • Oil Basins Limited (OBL) holds 100% of R3/R1 and is the operator.
  • The Cyrano Oil Field was discovered in 2003. 
  • OBL permit area is approximately 81km2
  • The field is defined by four (4) vintage wells and 3D seismic
  • The field in located in shallow water (15 – 17 meters), with productive reservoirs at 600m.
  • OBL has completed the following work:
    • Geological and Geophysical Studies;
    • Reserves and Resources Studies;
    • Petroleum engineering facilities study;
    • Reservoir engineering assessment of the Cyrano Oil Pool;
    • Environmental scoping study.
    • The project is close to Airlie Island, jetty and storage & infrastructure facilities
    Discoveries   Oil MMstb Gas Bscf
        1P 2P 3P 1P 2P 3P
    Cyrano Barrow 1.5 1.9 2.3 0.32 0.47 0.65
      Mardie 0.48 0.78 1.1 - - -
    Nasutus Extension Barrow 0.2 0.33 0.49 0.5 0.8 1.2
      Total 2.18 3.01 3.89 0.82 1.27 1.85
    Prospects   Oil MMstb Gas Bscf
        P90 P50 P10 P90 P50 P10
    Cyrano West Barrow 0.187 0.26 0.385 0.09 0.14 0.2
    Cryano East Barrow 0.125 0.358 0.625 0.01 0.02 0.09
    Elimia Barrow 0.2 0.31 0.485 0.12 0.18 0.27
      Total 0.512 0.928 1.495 0.22 0.34 0.56

    Location

    Carnarvon Basin, Western Australia Retention Lease R3 / R1 (Cyrano)