Woodside is seeking a partner to commit to drilling an exploration well in Frontier Exploration Licence (FEL) 5/13 which contains the Beaufort (previously known as Ventry) prospect. Woodside is currently maturing the prospect with the aim for it to be drill ready in 2020. Former partner Bluestack Energy defined the prospect to consist of Upper Jurassic deepwater sandstone reservoir rocks, analogous to the Magnus and Burns Sandstones of the North Sea. The reservoirs are acoustically hard (relative to shale) and often have a high frequency banded appearance, reflecting lateral continuity of bedding. The reservoirs are trapped by a large stratigraphic/hanging wall trap. Overpressured Upper Jurassic / Lower Cretaceous shales provide ideal conditions for stratigraphic trapping. Underlying Beaufort is the Walton prospect (previously named Ventry Deep) which has a similar geometry and seismic character. Bluestack estimated the Beaufort prospect to hold recoverable prospective resources of 395 MMboe with well costs estimated at USD 56 million. As of April 2020 it was understood that the opportunity is still available with the licence set to expire towards the end of 2020.  FEL 5/13 comprises of six blocks â 35/25a, 35/30, 36/21a, 36/26a, 44/5a and 45/1a and covers a total area of 712 sq km. The acreage was initially awarded as Licensing Option 11/03 in the 2011 Atlantic Margin Licensing Round. Woodside farmed into licence in 2013 acquiring a 90% working interest and operatorship from Bluestack. Up to 45% participating interest in FEL 5/13 is available for farm-in with a data-room set up in London.  Interest in the licence is held solely by Woodside Energy (Ireland) Pty Ltd (100%) after it acquired Bluestack's 10% interest in the licence in February 2020.
Woodside (->100%) has acquired Bluestack Energy's 10% interest in FEL 5/13 Licence.