Chevron Australia Pty Ltd was awarded retention lease WA-87-R, located in the Exmouth Plateau, North Carnarvon Basin, on 2 March 2018.Â  The licence has been awarded for a period of five years and will expire, or be eligible for renewal, on 1 March 2023. The licence contains the Isosceles discovery, which was made in April 2015. The discovery well was drilled as part of Chevronâs exploration programme to find gas to expand the Wheatstone and Gorgon LNG Projects and it is thought the discovery could be tied into one of these once developed.Â   A work programme has been assigned for the duration of the licenceâs validity, with seismic interpretation to be undertaken before reservoir modelling and development concept outlines are completed.Â  Finally gas market analysis and options will be reviewed. The Isosceles well was drilled under the work programme for exploration permit WA-374-P.Â  This permit has been reduced in size as a result of the award of WA-87-R. WA-87-R, which covers an area of 160 sq km, was awarded on 2 March 2018.Â  Participants in the licence are Chevron Australia (WA-374-P) Pty Ltd (50% + Operator), Shell Australia Pty Ltd (25%) and Mobil Australia Resources Co Pty Ltd (25%).
Chevron (50% + Operator, Shell 25%?, ExxonMobil 25%?) was awarded retention lease WA-87-R (has been reduced in size from WA-374-P) 