Offshore Gippsland Basin – Exploration Permit – Vic/P47

  • Australia’s premier hydrocarbon province
  • Located 200 km east of Melbourne
  • Exploration commenced in 1924
  • Over 400 exploration wells drilled
  • Some 90,000 line km of 2D seismic
  • More than forty 3D seismic surveys
  • Gas infrastructure well developed with a network of pipelines to onshore gas processing facilities at Longford and Orbost.
  • Gas delivered across southeastern Australia as far as Sydney, Adelaide and Tasmania
  • Operators include Esso/BHP, Nexis, 3D-Oil and Cooper Energy
  • Esso/BHP have developed the Kipper gas field adjacent to Vic/P47 investing over $5.5 billion in the basin as part of its Kipper – Tuna – Turrum gas project

Vic/P47

  • EMP holds 100% of 202 km2 Vic/P47 Permit
  • EMP is Operator of the Permit
  • Water depths: 20 – 85 m
  • Two-gas discovery wells drilled within the permit:
  • Judith-1 drilled by Shell in 1989
  • Moby-1 drilled by Bass Strait Oil in 2004
  • 3D seismic reprocessing, mapping and interpretation completed in August 2017
  • 1.8 Tcf Gas in Place Estimate at Judith Prospect
  • Longtom gas field 15 km to west of Vic/P47 provides a good analogy for successful appraisal, potential development and production from Emperor Group Reservoirs at Judith
  • Judith is located 2 km north of the Kipper Gas Field recently into production by Esso / BHP
  • Application to renew permit for 5 years lodged with NOPTA in August 2017

Vic/P47 Volumetrics Summary

Summary of Gross Contingent Resources for the Judith Discovery

(Gaffney Cline & Associates, 2013)

Gas-in Place Bcf Gas Recoverable Bcf
Gross Contingent Resources
Block P90 P50 P10 C90 C50 C10
Judith 67 155 368 37 101 276
Total 67 155 368 37 101 276
Unrisked Probabilistic Gas-in Place Bcf 1 Gas Recoverable Bcf 2,3
Block P90 P50 P10 C90 C50 C10
Judith 300 420 550 165 273 413
North 1200 1380 1550 600 897 1163
Total 1500 1800 2100 825 1170 1575

Location

Offshore Gippsland Basin – Exploration Permit – Vic/P47
Exploration Permit – Vic/P47. Click to enlarge.