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Project : VIC/P56 - OFFSHORE OIL/GAS RESOURCE

Mining
Offshore - oil & gas
  Estimated Project Value
$ 5,000,000
Address Gippsland Basin
Suburb .
State VIC
Council Offshore
Postcode 3999
Project Type Resource - Oil/Gas
Development Type New
Status Finished (i.e. no further info)
Stage Exploration, Drilling, Survey & Assessment
Ownership Private
Notes
No Further Information Available
Commence Date 5/6/2006
Completion Date 6/6/2012
Details
  • A 3D seismic survey was acquired in 200 over approximately 50% of the block by Esso/BHP Billiton joint venture as part of the large Northern Margin 3D survey.
  • This data will be available to Nexus during the course of its primary (three year) work programme and will assist Nexus to better define existing prospects in the permit prior to drilling.
  • Vic/P56.
  • Culverin and Haddock.
  • Korea National Oil Company (KNOC) and Seoul City Gas (SCG) will farmin in agreement for 50% interest if they spend $15 million on drilling.
  • KNOC will have a 30% interest and SCG will have a 20% interest.
 
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