AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release RELEASE AREA V13-1, EASTERN OTWAY BASIN, VICTORIA HIGHLIGHTS BIDS CLOSE – 21 November 2013 Located within a gas producing region Access to existing infrastructure and growing energy market Shallow to deep water depths, 70–1030 m Plays include faulted anticlines and tilted fault blocks with cross-fault seal Multiple potential oil- and gas-prone source rocks and active petroleum systems within the region Special Notices apply, refer to Guidance Notes Figure 1 Location of the 2013 Release Areas in the Eastern Otway basin Release Area V13-1 is located partly within the highly prospective Shipwreck Trough and extends onto the Prawn Platform in the eastern Otway Basin. The Release Area contains two exploration wells, Loch Ard 1 and Eric the Red 1. The Otway Basin is a northwest-trending passive margin rift basin that was formed during Gondwanan break-up and the Antarctic-Australian separation. Rift-related faulting resulted in the development of large, deep depocentres, including the Voluta and Shipwreck troughs in the offshore part of the basin. The Shipwreck Trough is a structural depression between the Mussel and Prawn platforms. Deposition throughout the Late Cretaceous was dominated by deltaic sedimentation of the Sherbrook Group, which is >5000 m thick in the trough and contains most of the offshore gas discoveries. Two potential petroleum systems occur in the depocentre to the west of the Release Area; the proven Lower Cretaceous Austral 2 Petroleum System that is the source of the produced gas in the region, and the Upper Cretaceous Austral 3 Petroleum System with a potential Turonian oil-prone source rock. AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release 1 Figure 2 Structural elements of the Otway Basin showing petroleum fields and discoveries, the location of regional cross-sections and the 2013 Release Area AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release 2 Figure 3 Stratigraphy and hydrocarbon discoveries of the Otway Basin based on the Otway Basin Biozonation and Stratigraphy Chart 34 (Mantle et al, 2009). Geologic Time Scale after Gradstein et al (2012) AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release 3 Figure 4 AGSO seismic line 137/05 across the easternmost Shipwreck Trough and Prawn Platform, Otway Basin. Location of the line is shown in Figure 2. Modified after O’Brien et al, 2006 AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release 4 Figure 5 Regional cross section across the Otway Basin showing position of the present-day peak hydrocarbon generation zone. Location of the line is shown in Figure 2. Modified after O’Brien et al, 2009 AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release 5 PETROLEUM SYSTEMS ELEMENTS Eastern Otway Basin Sources Aptian–Albian lower coastal plain and peat swamp Eumeralla Formation shale and coal (Austral 2) Upper Cretaceous–lowest Paleogene fluvio-deltaic Sherbrook Group (Turonian Waarre Formation and Coniacian–Santonian Belfast Mudstone) and marginal marine basal Wangerrip Group (Austral 3 unproven offshore) Reservoirs Seals Regional seal Upper Cretaceous lower delta plain and marginal marine Waarre and Flaxman formations Upper Cretaceous marine Thylacine Member, Belfast Mudstone Upper Cretaceous deltaic Paaratte Formation Paleocene shallow marine Pebble Point FormationChallis Formation and deltaic Nome Formation Upper Cretaceous Belfast Mudstone Intraformational seals Uppermost Cretaceous/Paleocene Massacre Shale Paleocene–Eocene Pember Mudstone and Dilwyn Formation Eocene Mepunga Formation Traps Faulted anticlines, tilted fault blocks with cross-fault seal INFRASTRUCTURE AND MARKETS The 2013 Release Area is proximal to the Geographe, Thylacine and La Bella gas fields. The eastern Otway Basin is an established gas producing province that services the southeastern Australian energy market. The greater Melbourne region currently represents Australia’s largest domestic gas market and is supported by major petroleum refineries. The City of Portland is the nearest centre along the western Victorian coast and is known for the deep water port that was established for aluminium smelting operations CRITICAL RISKS The key risk is migration distance and access to hydrocarbon charge from effective source kitchens within the Shipwreck Trough. Fault-seal integrity is an issue on the Prawn Platform, particularly as local structuring occurred during the Turonian. The presence of sufficiently thick intraformational and regional sealing lithologies over good quality reservoirs is also uncertain. DATA SETS For the Wells Data Listing go to http://www.petroleum-acreage.gov.au/2013/support/geo.html For the Seismic Surveys Listing go to http://www.ga.gov.au/energy/projects/acreage-release-and-promotion/2013.html#data-packages AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release 6 GEOSCIENCE AUSTRALIA PRODUCTS Regional Geology and Seismic Geology and hydrocarbon prospectivity of the deepwater Otway and Sorell basins, offshore southeastern Australia. Geoscience Australia Record 2013/02. GEOCAT 74603. Time-Depth Functions for the Otway Basin. Geoscience Australia Record 2004/02. GEOCAT 49566 An Audit of Selected Offshore Petroleum Exploration Wells in the Otway Basin, Southeastern Australia. Geoscience Australia Record 2003/21. GEOCAT 47377 Deep Structure of the Otway Basin, Southeastern Australia, Survey 137 (Phases 1 and 2): Post-cruise report. Australian Geological Survey Organisation Record 1995/18. GEOCAT 14810 NGMA/PESA Otway Basin Symposium, Melbourne, 20 April 1994: Extended Abstracts. Australian Geological Survey Organisation Record 1994/14. GEOCAT 14724 Otway Basin Cross-section, SA, Australian Geological Survey Organisation Record 1992/07. GEOCAT 14518 Otway Basin Seismic Data, 1992. GEOCAT 20759 Offshore Otway Basin Study, 1988. GEOCAT 20829 Extended abstracts: Otway Basin Workshop, Canberra, 17 March 1987, Bureau of Mineral Resources Record 1987/09. GEOCAT 14137 Stratigraphy Otway Basin Biozonation and Stratigraphy Chart 9 – Otway Basin. GEOCAT 23350 Otway Basin Biozonation and Stratigraphy Chart 34 – Otway Basin. GEOCAT 70371 New and Revised Palynological Data for the Otway Basin, Geoscience Australia Record 2004/22. GEOCAT 61366 Otway Basin - Biostratigraphic Dataset, 2001. GEOCAT 37688 Petroleum Systems and Accumulations The Oils of Eastern Australia, 2002. GEOCAT 68754 South-eastern Australia Surface Geochemistry II: Light Hydrocarbon Geochemistry in Bottom-waters of the Gippsland Basin, Eastern Otway Basin, Torquay Sub-basin and the Durroon Sub-basin. Vols 1 and 2, Australian Geological Survey Organisation Record 1992/54. GEOCAT 14562 Australian Petroleum Accumulations Report. Otway Basin, South Australia, Victoria and Tasmania, 1990. GEOCAT 37053 Preliminary Post-cruise Report: Hydrocarbon Gas Geochemistry in sediments of the offshore Otway and Gippsland Basins: Project 9131.20 Contact Geoscience Australia’s Sales Centre for more information or to order these reports or products, phone 61 (0)2 6249 9966, email sales@ga.gov.au AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release 7 KEY REFERENCES BOREHAM, C.J., HOPE, J.M., JACKSON, P., DAVENPORT, R., EARL, K.L., EDWARDS, D.S., LOGAN, G.A. AND KRASSAY, A.A., 2004—Gas–oil–source correlations in the Otway Basin, southern Australia. In: Boult, P.J., Johns, D.R. and Lang, S.C. (eds), Eastern Australasian Basins Symposium II, Petroleum Exploration Society of Australia, Special Publication, 603–627. CLIFF, D.C.B., TYE, S.C. AND TAYLOR, R., 2004—The Thylacine and Geographe gas discoveries, offshore eastern Otway Basin. The APPEA Journal 44(1), 441–462. GEOLOGICAL SURVEY OF VICTORIA, 1995—The stratigraphy, structure, geophysics and hydrocarbon potential of the Eastern Otway Basin. Geological Survey of Victoria, Report 103, 241 pp. GIBSON, G.M., MORSE, M.P., IRELAND, T.R. AND NAYAK, G.K., 2011—Arc-continent collision and orogenesis in western Tasmanides: Insights from reactivated basement structures and formation of an ocean-continent transform boundary off western Tasmania. Gondwana Research, 19, 608–627. GRADSTEIN, F.M., OGG, J.G. SCHMITZ, M.D. AND OGG, G.M. (eds), 2012—The Geologic Time Scale 2012: Volumes 1 and 2. Elsevier BV, 1144 pp. HALL, M. and KEATLEY, J. 2009—Otway Basin, stratigraphic and tectonic framework. GeoScience Victoria 3D Victoria Report 2, Department of Primary Industries. KRASSAY, A.A., CATHRO, D.L. AND RYAN, D.J., 2004—A regional tectonostratigraphic framework for the Otway Basin. In: Boult, P.J., Johns, D.R. and Lang, S.C. (eds), Eastern Australasian Basins Symposium II, Petroleum Exploration Society of Australia, Special Publication, 97–116. LUXTON, C.W., HORAN, S.T., PICKAVANCE, D.L. AND DURHAM, M.S., 1995—The La Bella and Minerva gas discoveries, offshore Otway Basin. The APEA Journal, 35, 405–417. MANTLE, D.J., BERNECKER, T., KELMAN, A.P. AND PARTRIDGE, A.D., 2009—Otway Basin, Biozonation and Stratigraphy, 2009, Chart 34. Geoscience Australia. O’BRIEN, G.W., BERNECKER, T., THOMAS, J.H., DRISCOLL, J.P. AND RIKUS, L., 2006—An assessment of the hydrocarbon prospectivity of Areas VIC/O-06(1), VIC/O-06(2), VIC/O-06(3) and V06-1, eastern onshore and offshore Otway Basin, Victoria, Australia. Victorian Initiative for Minerals and Petroleum Report 90, Department of Primary Industries. O’BRIEN, G.W., BOREHAM, C.J., THOMAS, H.J. AND TINGATE, P.R., 2009—Understanding the critical success factors determining prospectivity—Otway Basin, Victoria. The APPEA Journal, 49(1), 129–170. PARTRIDGE, A.D., 2001—Revised stratigraphy of the Sherbrook Group, Otway Basin. In: Hill, K.C. and Bernecker, T. (eds), Eastern Australian Basins Symposium, A Refocused Energy Perspective for the Future, Petroleum Exploration Society of Australia, Special Publication, 455–464. AUSTRALIA 2013 Offshore Petroleum Exploration Acreage Release 8