Inpex Browse E&P Pty Ltd was awarded exploration permit WA-532-P, located in the Leveque Shelf, Browse Basin, on 2 November 2017.Â  The permit has been awarded for a period of six years and will expire, or be eligible for renewal, on 1 November 2023. Work commitments have been assigned for the duration of the permitâs validity and include acquisition of 7,185 km new 2D seismic data, 600 sq km new 3D seismic data as well as processing of both datasets and reprocessing of existing datasets in years 1 â 3, and the drilling of an exploration well, at an estimated cost of AUD 30 million in year 5.Â  Geotechnical studies are also planned throughout the work programme.Â  The total cost of the work programme is estimated at around AUD 58 million.Â  The first three year term work programme, to be completed by November 2020, is committed, with the following terms to be committed to on a year by year basis. The permit was applied for after being offered as block W16-4 in the 2016 Offshore Federal Acreage Release.Â  The block, at 26,313 sq km, is the largest offshore block to be offered in an Australian bid round. The block lies to the south of the Ichthys gas and condensate field, which is being developed by Inpex for LNG exports via an 800+ km pipeline to a Darwin processing plant and expected to come onstream in Q1 2018. Inpex reported on the proximity of its Ichthys field to the new block, with the possibility of getting additional future value from the project via new discoveries. A number of historical wells are located within the permit area, Carbine 1, Eupheme 1, Leveque 1 and Psepotus 1.Â  All were exploration wells but failed to make any discoveries with the former two being dry and the latter two exhibiting only gas shows. WA-532-P, which covers an area of 26,313 sq km, was awarded on 2 November 2017.Â  Inpex Browse E&P Pty Ltd holds 100% interest and operatorship of the permit. Â 
Inpex has been awarded WA-532-P (ex-Hunt WA-413-P) block (26 312kmÂ²).