While a positive operating environment locally, the remains some lingering questions over the ability to operate in the longer-term given the headwinds arising from the Federal regulatory environment.
June 11, 2021
Asia - Pacific
The AOB is located in Western Australia and South Australia and covers about 410,000 sq. km, containing a sediment thickness of up to 10,000m. There are several major depocenters which makes up a number of easily identifiable sub basins..
The Basin is poorly explored, with only about 15,000km of 2D seismic coverage and less than 30 exploration wells. Numerous hydrocarbon shows from four distinct oil families are recorded from Neoproterozoic and Cambrian sediments, but there have been no commercial discoveries. Possible traps range from simple anticlinal closures, diapirs and fault-induced rollovers as well as stratigraphic traps
Source: ESRI, BGS, USGS & OGA data
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