On 29 April 2020 Woodside Energy Ltd, a wholly owned subsidiary of Woodside Petroleum Ltd, was awarded retention lease WA-94-R, in the Exmouth Sub-basin, North Carnarvon Basin. The permit has been awarded for a period of five years and is scheduled to expire or be eligible for renewal on 28 April 2025. Work commitments have been assigned for the entirety of the permits validity, for a total estimated expenditure of AUD 100,000. Annual works have been scheduled, including a project feasibility review and a technology review. In the last permit year, an assessment of the appropriateness of preliminary engagement with third party infrastructure owners for the proposed development concept, is also required.  The retention lease has been granted over part of the exploration license WA-430-P, and covers the Ragnar 1A gas discovery, which was made in 2012. The field has estimated 2P recoverable reserves of 385 Bcf of gas and 1.5 MMbbl of condensate. The lease is one of two awarded from the same exploration license on this date, with WA-93-R also awarded.   WA-94-R covers an area of 159.53 sq km and was awarded on 29 April 2020. Participants in the permit are Woodside Energy Ltd (70% interest and operatorship) and Mitsui E&P Australia Pty Ltd (30% interest).
Australia (North Carnarvon B.) WA-430-P (b) op. by WOODSIDE (70%), MITSUI (30%)