Murphy Australia Oil Pty Ltd has signed a farm-in agreement with Eni Australia Ltd to acquire interest in AC/P21, located in the Bonaparte Basin. Currently both Sinopec Oil and Gas Australia (NT) Pty Ltd and OPIC Australia Pty Ltd hold 30% each in the permit. The interests will be transferred to Eni before the separate Murphy farm-in can be completed. Both deals remain subject to certain, pending conditions. Eni and the current joint venture partners entered into a withdrawal agreement on 15 September 2017. Once the deal is completed, all interest will be transferred to Eni which operates AC/P21. Sinopec had reported that it had been seeking to divest its interest in AC/P21, along with interest in AC/RL11 and AC/RL1, all located in the Territory of Ashmore and Cartier Islands. Under a separate dealing Murphy entered into a farm in agreement with Eni on 15 September 2017, for Murphy to acquire 40% interest in the permit. Eni submitted a permit suspension/extension and variation application to the National Offshore Petroleum Titles Administrator (NOPTA) on 29 September 2017. The decision to approve the application remains pending. Eni last extended the validity of AC/P21 on 6 July 2017 for a period of five months: from 12 July to 12 December 2017, meaning the permit will expire on 12 December 2017. Permit term five was originally scheduled to end in 2014. The suspensions have continually delayed the requirement to drill an exploration well in the permit, but have seen Eni add studies for confirming the areal extent of future 3D seismic acquisition within the permit area. Seismic processing was also included to refine the processing workflow for a future 3D survey. The well is due by 12 December 2017 unless the suspension/variation application is successful. It is likely, if the well commitment remains under a varied work programme, that Eni will require further field studies prior to contracting a rig to determine the best possible well location. AC/P21 contains the Vesta oil discovery, 2005, and the Swan gas discovery, 1991, which are currently considered uneconomic as stand-alone developments. Sinopec reports that there are a number of potential targets within the permit, including the Numisia and Mars prospects (P50 recoverable resources estimated as 27.3 MMb and 28 MMb of oil, respectively). The Mars prospect has been outlined as a potential drill target, with the primary target identified as the Oxfordian Elm Sandstone, within a tilted fault block. The last well to be drilled in AC/P21 was the Vesta 2 outpost well which discovered oil in the previously known gas charged Vesta field in 2008. AC/P21 covers an area of 671 sq km and was awarded on 30 May 1997. Sinopec and OPIC have entered into an agreement with operator Eni to transfer all interest to Eni. Murphy Oil has entered into a separate agreement with Eni to farm into the permit with 40% interest. If all dealings are completed, participants in the permit will be: Eni Australia BV (60% + operator) and Murphy Australia Oil Pty Ltd (40%). Â  Â  Â 
Australia (Bonaparte B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: AC/RL11 op. by SINOPEC PF (60.0%, AED OIL 40.0%) to be check.AC/P21(b) op. by ENI SPA (40.0%, SINOPEC 30.0%, CPC 30.0%) to be check.AC/P21(a) op. by ENI SPA (40.0%, SINOPEC 30.0%, CPC 30.0%) to be check.