BP Developments Australia Pty Ltd, a subsidiary company of BP plc, was awarded exploration permit WA-535-P, located in the Exmouth Plateau, North Carnarvon Basin, on 30 October 2018.Â  The permit has been awarded for a period of six years and will expire, or be eligible for renewal, on 29 October 2024.Â  The permit was applied for as block W17-7 in the 2017 Offshore Acreage Release and was awarded in Round two. The Department of Industry, Innovation and Science reports that no other bids had been received for the offered area.  Work commitments have been assigned for the duration of the permitâs validity. The guaranteed work programme within the first three years includes licensing Olympus 3D seismic data, totaling AUD 6.4 million. The secondary programme of terms four to six, which totals AUD 68 million, includes one exploration well.  WA-535-P is located around 3km, at its closest point, to the Goodwyn and Perseus fields. Four wells are located in the permit area. Gas show and oil shows were observed at Zeus 1 and Gandara 1, respectively. The La Rocca 1 and Eastbrook 1 wells were both dry at location. The area was last held by MEO, Mineralogy and Cue Exploration through exploration licence WA-361-P. The permit expired on 17 January 2014.  WA-535-P, which covers an area of 1,615 sq km, was awarded on 30 October 2018.Â  BP Developments Australia Pty Ltd holds 100% interest and operatorship in the permit.
Australia (Rankin Platform (North Carnarvon B.)) Perseus