WHL Energy Ltd., Perth, has raised the possibility of a stand-alone gas development in its Otway basin acreage offshore Victoria.
The company is basing its possible decision on early interpretation of the recent La Bella 3D seismic survey in permit Vic/P67.
The report suggests a total of 14 prospects with total potential resources of 1,044 bcf of gas and 32 million bbl of condensate and LPGs.
A group of four prospects have been mapped on the Ferrier Terrace immediately west of La Bella gas field in WHL’s acreage. They have been named as Mylius, Mylius West, Ferrier, and Ferrier South.
In conjunction with La Bella itself, WHL said, these prospects could form a core gas development in Vic/P67.
The permit is adjacent to existing Otway basin developments projects so development could be routed through this infrastructure. Alternatively there may be sufficient gas for a stand-alone project.
WHL is keen to prioritize and mature two of the new prospects for drilling in 2015.
