Discoveries, offshore oil attract firms to northern Perth basin

02/10/2003
A multiwell drilling program is under way to appraise the first offshore discovery in the Perth basin off Western Australia.One group of Australian independents plans three to nine exploratory and appraisal wells or sidetracks back to back on two blocks on trend with the December 2001 Cliff Head oil discovery.Cliff Head has not been declared commercial, and its value is not known. The operator, Roc Oil Ltd., Sydney, believes enough in the basin's potential that it has acquired 20-55% equity in and operatorship of four contiguous permits that cover a combined 7 million acres within 125 km of shore in the Indian Ocean (Fig. 1). The blocks stretch 350 km along the coast from Cerrantes to...
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