Exploration quickens in Georgina basin off Australia

France’s Total SA and Central Petroleum Ltd., Perth, have accelerated the first exploration phase of the joint venture’s program in the Georgina basin that straddles the onshore border of Northern Territory and Queensland.

The JV announced an increase of $35 million in expenditure for Phase 1 to $95 million. This covers exploration activity in three Queensland permits—ATPs 909, 911, and 912—and one that is still in application status in the Northern Territory, EPA132.

The overall exploration expenditure of $190 million for the 4-year, three-stage program will remain the same for the present. The increase for Phase 1 brings forward expenditure originally planned for Phases 2 and 3.

Total is funding the first 80% of spending with Central contributing 20%.

The structure of the farm-in remains the same with Total retaining the option to take operatorship and hold a 68% working interest in all areas once the total expenditure has been reached.

So far 974 km of 2D seismic data have been acquired across the Queensland permits and a number of core wells are planned for April 2014.

Exploration will not begin in the Northern Territory until the permit application has been granted. At the moment it is awaiting the execution of a native title agreement with traditional owners through the Central Land Council in Alice Springs. A sum of $11.5 million has been put aside for work in the Northwest Territories area.

Related Articles

Western gulf lease sale attracts $110 million in high bids

08/20/2014 Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in ...

Gabon, Eni leaders discuss development of Nyonie Deep gas discovery

08/19/2014 Eni SPA Chief Executive Officer Claudio Descalzi met with Gabon President Bongo Ondimba in Libreville on Aug. 18 to outline the appraisal campaign ...

Apache makes major oil discovery off Western Australia

08/18/2014 Apache Corp. has made an oil discovery with its Phoenix South-1 well, drilled 110 miles north of Port Hedland in 435 ft of water in permit WA-435-P...

BP, Noble plug, abandon deepwater Bright well on Atwater Valley block

08/15/2014 The BP Exploration & Production Inc.-operated Bright exploration well in the deepwater Gulf of Mexico did not show hydrocarbons after reaching ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected