Oil Basins Limited: Oil and Gas Explorer

Offshore Gippsland Basin - Exploration Permit - Vic/P47

General

  • Oil Basins Limited (OBL) holds 100% of Vic/P47 and is the operator.
  • Vic/P47 is located in the offshore Gippsland Basin, Bass Strait, South East Australia.
  • The Gippsland Basins is Australia’s premier oil province and major gas producer.   The Basins is home to the Patricia Balenne (gas), Longtom (gas/condensate), Kipper (gas/oil) and Tuna (gas / oil) permits.
  • Vic/P47 permit area is approximately 202km2, containing the Judith and Moby conventional gas fields.
  • Two-gas discovery well have been drilled, Judith-1 and Moby-1.   Judith-1 was drilled by Shell in 1989 (22km from Longtom gas field).   Moby-1 was drilled by Bass Strait Oil in 2004.
  • The fields have an estimated gross combined 2C and P50 Recoverable Resource of 100 to 150 Bcf PRMS SPE (plus Moby 30Bcf GIIP under evaluation).
  • Vic/P47 is within km’s of east coast gas pipelines (Patricia Baleen and Kipper)
  • OBL is currently undertaking the following work:
  • Seismic reprocessing
  • Geological and Geophysical Studies;
  • QI/AVO study;
  • Faulty seal analysis.

Location

Oil Basins interests in Offshore Gippsland Basin, Victoria

Oil Basins interests in Offshore Gippsland Basin, Victoria