Shell Australia Pty Ltd was awarded exploration permit WA-534-P, located in the Caswell Sub-basin, Bonaparte Basin, on 20 September 2018.Â  The permit has been awarded for a period of six years and will expire, or be eligible for renewal, on 19 September 2024.Â  The permit was applied for as block W17-3 in the 2017 Offshore Acreage Release.  Work commitments have been assigned for the duration of the validity. In years one to three, which are one term and form the initial committed work programme, the operator is required to licence data from the Caswell and Heywood 3D seismic surveys and complete geological and geophysical studies. In year four, which is contingent at this stage as well as the following two years, 330 sq km new 3D seismic will be acquired. The first well is then scheduled for year five, between September 2022 and September 2023.Â  Finally, in year six, post well analysis and geological and geophysical studies are outlined.  Six wells are located in the permit area.Â  Three of these encountered gas shows: Heywood 1, Intermezzo 1 and Minuet 1.  The permit was one of three awarded to Shell on this date, with AC/P64 and AC/P65, located in the Browse Basin, also granted.  WA-534-P, which covers an area of 2,716 sq km, was awarded on 20 September 2018.Â  Shell Australia Pty Ltd holds 100% interest and operatorship in the permit.
Shell Australia Pty Ltd was awarded exploration permit WA-534-P, located in the Caswell Sub-basin, Bonaparte Basin,