Chevron Australia Pty Ltd was awarded retention lease WA-88-R, located in the Exmouth Plateau, North Carnarvon Basin, on 19 March 2018.Â  The licence has been awarded for a period of five years and will expire, or be eligible for renewal, on 18 March 2023.Â    The licence is located in close proximity to the Keto 1 and Sappho discoveries, which were made in 2010.Â  Under the work commitments assigned to WA-88-R, Chevron will conduct seismic reprocessing, technical studies, subsurface and engineering studies to enable modelling of the geology and gas market and cost reviews.  The area was previously covered by exploration permit WA-205-P, which has been reduced in size as a result of the award of WA-88-R.  WA-88-R, which covers an area of 80 sq km, was awarded on 19 March 2018.Â  Chevron holds 100% interest and operatorship through subsidiaries Chevron Australia Pty Ltd (66.67% + Operator) and Chevron (TAPL) Pty Ltd (33.33%).
Chevron Australia Pty Ltd was awarded retention lease WA-88-R, located in the Exmouth Plateau, North Carnarvon Basin, 