OFFSHORE PETROLEUM EXPLORATION ACREAGE RELEASE AUSTRALIA 2014 Release Areas AC14-2, AC14-3 and AC14-4, northern Caswell Sub-basin, Browse Basin, Western Australia Highlights Bids close 2 October 2014 Figure 1 Adjacent to the Skua, Swift/Swallow and Montara oil developments Proximal to the Ichthys, Prelude/Concerto and Crux gas developments Shallow to deep water depths, 50–300 m Thick Jurassic–Lower Cretaceous mature source rocks Tilted Permo-Triassic and Jurassic fault blocks, and fluvio-deltaic to marine fan sands with Cretaceous seal Special Notices apply, refer to Guidance Notes Location of the 2014 Release Areas in the Northern Caswell Sub-basin, Browse Basin Release Areas AC14-2, AC14-3 and AC14-4 are located in the southern Vulcan and northeastern Caswell sub-basins, and the Ashmore Platform, some 230 to 280 km from the northeast coast of Western Australia. Release Area AC14-2 is located in the northeastern part of the Caswell Sub-basin and extends into the southern part of the Vulcan Sub-basin. Release Area AC14-3 is located in the northern Caswell Sub-basin and extends onto the Ashmore Platform, while AC14-4 is located in the northern Caswell Sub-basin. All Release Areas are within the Territory of Ashmore and Cartier Islands. A diverse range of undrilled structures may be prospective in the Release Areas. The dominant fault style in the region are tilted horst blocks where the dominant reservoirs are the Upper Triassic Nome Formation, the Jurassic Plover and Montara formations, the Upper Jurassic–Lower Cretaceous Vulcan and Echuca Shoals formations and, in some locations, the Upper Cretaceous Puffin Formation. In the southern Vulcan Sub-basin, the Montara field is producing hydrocarbons via a Floating Production Storage and Offloading (FPSO) facility, while the Skua and Swift/Swallow oil accumulations are currently in the development phase. In the northern Browse Basin, the Ichthys FPSO Project, and the Prelude and Concerto gas accumulations are under development, and production is being planned for the Crux gas and liquids project. AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release DISCLAIMER: This document has been developed as a guide only. Explorers should not rely solely on this information when making commercial decisions. Image courtesy of BHP Billiton Petroleum Pty Ltd. 1 Figure 2 Structural elements of the Northern Caswell region showing petroleum fields and discoveries, the location of the regional seismic section and the 2014 Release Areas. Release Areas shown by outline only are discussed elsewhere AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 2 Figure 3 Stratigraphy and hydrocarbon discoveries of the Vulcan and Caswell sub-basins based on the Bonaparte Basin and Browse Basin Biozonation and Stratigraphy Charts 33 and 32 (Nicoll et al, 2009) respectively. Geologic Time Scale after Gradstein et al (2012). Regional seismic horizons after AGSO (1997, 2001) AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 3 Figure 4 Seismic line 119/09 across the Northern Caswell Sub-basin. Interpretation after AGSO (2001). Location of the seismic line is shown in Figure 2. Regional seismic horizons are shown in Figure 3 AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 4 Figure 5 Seismic and well data in the vicinity of the Release Areas in the Northern Caswell Sub-basin, Browse Basin. Release Areas shown by outline only are discussed elsewhere AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 5 Petroleum systems elements Northern Caswell Sub-basin Sources Lower–Middle Jurassic fluvio-deltaic Plover Formation (oil- and gas-prone) Callovian–Valanginian marine Vulcan and Montara formations (oil-prone), major sediment thickening occurs towards Northern Caswell Release Areas Reservoirs Upper Triassic deltaic Nome Formation Lower–Middle Jurassic fluvio-deltaic Plover Formation Middle–Upper Jurassic marine Montara (Ichthys) Formation Upper Jurassic–Lower Cretaceous marine upper Vulcan Formation (Brewster Member) Lower Cretaceous Echuca Shoals Formation (shallow marine sandstones and submarine fans) Upper Cretaceous Puffin Formation (submarine fan sandstones) Seals Regional Seals Upper Jurassic–Lower Cretaceous marine Vulcan Formation Lower Cretaceous marine Echuca Shoals and Jamieson formations (claystone seal 500–600 m thick across the sub-basin) Intra-formational seals Traps Lower–Middle Jurassic fluvio-deltaic Plover Formation Upper Cretaceous Puffin Formation and Paleocene Johnson Formation Jurassic horsts/tilted fault blocks and associated drapes Cretaceous submarine canyon fill, basin floor fans and ‘ponded’ turbidite stratigraphic traps Infrastructure and markets In the southern Vulcan Sub-basin, Bonaparte Basin, the Montara (AC/L7) oil field is in production via a Floating Production Storage and Offloading (FPSO) facility, with the Skua (AC/P34) and Swift/Swallow (AC/P34) accumulations under development. Also under development are the Ichthys (WA-50-L) FPSO Project, the Prelude (WA-44-L) FLNG Project (encompassing the Prelude and Concerto accumulations) in the northern Browse Basin, with production being planned for the Crux (AC/RL9) gas and liquids project. Critical risks Suitable migration pathways from adjacent or underlying mature source rocks have been a limitation for some of the wells in adjacent parts of the region. Many faults have limited leakage potential due to high integrity traps, leading to a high probability of gas flushing in younger sequences. Trap integrity is a risk due to reactivation of late Miocene–Pliocene faults extending to the seafloor. Fault traps with limited seal integrity are prone to leakage of gas, but have greater potential to retain an oil charge. Data sets For the Wells Data Listing go to http://www.petroleum-acreage.gov.au/2014/support/geo.html For the Seismic Surveys Listing go to http://www.ga.gov.au/energy/projects/acreage-release-and-promotion/2014.html#data-packages AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 6 Geoscience Australia products Regional geology and seismic Browse Basin High Resolution Seismic Study – North West Shelf, Australia – Interpretation Report, 1997. GEOCAT 23689 Browse Basin Well Composites, 2005. GEOCAT 61819 Vulcan Sub-basin Composite Well Log, 2011. GEOCAT 25307 Vulcan Sub-basin, Offshore WA, 1989 (P556). GEOCAT 60009 Basement and Crustal Structure of the Bonaparte - Browse Basins, 2003. GEOCAT 41976 Interpreted Horizons and Faults for Seismic Surveys 119 and 130. Browse Basin, 2001. GEOCAT 35244 and GEOCAT 35248 respectively. Line Drawings of AGSO – Geoscience Australia’s Regional Seismic Profiles, Offshore Northern and Northwestern Australia, 2001. GEOCAT 36353 Stratigraphy Browse Basin Biozonation and Biostratigraphy Chart 32, 2014. GEOCAT 76687 Bonaparte Basin Biozonation and Biostratigraphy Chart 34, 2014. GEOCAT 76687 Petroleum systems and accumulations Hydrocarbon Migration and Seepage in the Timor Sea and Browse Basin, North West Shelf, Australia: An Integrated SAR, Geological and Geochemical Study, 2001. GEOCAT 35246 Bonaparte Basin, Northern Territory (NT), Western Australia (WA), Territory of Ashmore and Cartier Islands Adjacent Area (AC), Joint Petroleum Development Area (JPDA), Australian Petroleum Accumulations Report 5, 2nd Edition, 2004. GEOCAT 60865 The Petroleum Systems of the Bonaparte Basin. 2004. GEOCAT 61365 Light Hydrocarbon Geochemistry of the Vulcan Sub-basin, Timor Sea: Rig Seismic Survey 97: Project 121.19, 1992. GEOCAT 14570 Source Rock Distributions and Petroleum Fluid Bulk Compositional Predictions on the Vulcan Sub-basin, Offshore Western Australia, 2009. GEOCAT 69210 Characterisation of Natural Gases from West Australian Basins, 2012. GEOCAT 33569 Ashmore-Cartier Prospectivity Package: An Analysis of the Petroleum Prospectivity of Vacant Areas Overlying the Ashmore Platform, Vulcan Sub-basin, Jabiru Terrace and Northern Browse Basin, 1991. GEOCAT 14475 Browse Basin Organic Geochemistry Study, North West Shelf, Australia, 1997. GEOCAT 24474 Subsidence and Thermal History Modelling: New Insights into Hydrocarbon Expulsion from Multiple Petroleum Systems in the Browse Basin, 2003. GEOCAT 42156 Hydrocarbon Generation and Expulsion from Early Cretaceous Source Rocks in the Browse Basin, North West Shelf, Australia: A Small Angle Neutron Scattering and Pyrolysis Study, Geoscience Australia Record 2007/04. GEOCAT 64144 Source Rock Time Slice Maps: Offshore Northwest Australia, 2004. GEOCAT 61179 The Oils of Western Australia II, 2005. GEOCAT 37512 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 2014 Offshore Petroleum Exploration Acreage Release 7 Key references AGSO, 2001—Line drawings of AGSO – Geoscience Australia’s Regional Seismic Profiles, Offshore Northern and Northwestern Australia. Australian Geological Survey Organisation Record, 2001/36, 174pp. AGSO BROWSE BASIN PROJECT TEAM, 1997—Browse Basin High Resolution Study, Interpretation Report, North West Shelf, Australia. Australian Geological Survey Organisation Record, 1997/38. BAN, S. AND PITT, G., 2006—The Ichthys giant gas-condensate field. 2006 AAPG International Conference and Exhibition, 5–8 November, Perth, Australia, Abstract. BAXTER, K., COOPER, G.T., O'BRIEN, G.W., HILL, K.C. AND STURROCK, S., 1997—Flexural isostatic modelling as a constraint on basin evolution, the development of sediment systems and palaeo-heat flow: application to the Vulcan Sub-basin Timor Sea. The APPEA Journal, 37(1), 136–153. BENSON, J.M., BREALEY, S.J., LUXTON, C.W., WALSHE, P.F. AND TUPPER, N.P., 2004—Late Cretaceous ponded turbidite systems: a new stratigraphic play fairway in the Browse Basin. The APPEA Journal, 44(1), 269–285. BLEVIN, J.E., BOREHAM, C.J., SUMMONS, R.E., STRUCKMEYER, H.I.M. AND LOUTIT, T.S., 1998—An effective Lower Cretaceous petroleum system on the North West Shelf: evidence from the Browse Basin. In: Purcell, P.G. and R.R. (eds), 1998, The Sedimentary Basins of Western Australia 2: Proceedings of the Petroleum Exploration Society of Australia Symposium, Perth, WA, 1998, 397–420. BLEVIN, J.E., STRUCKMEYER, H.I.M., CATHRO, D.L., TOTTERDELL, J.M., BOREHAM, C.J., ROMINE, K.K., LOUTIT, T.S. AND SAYERS, J., 1998—Tectonostratigraphic framework and petroleum systems of the Browse Basin, North West Shelf. In: Purcell, P.G. and R.R. (eds), 1998, The Sedimentary Basins of Western Australia 2: Proceedings of the Petroleum Exploration Society of Australia Symposium, Perth, WA, 1998, 369–395. BRINCAT, M.P., LISK, M., KENNARD, J.M., BAILEY, W.R. AND EADINGTON, P.J., 2004—Evaluating the oil potential of the Caswell Sub-basin; insights from fluid inclusion studies. Special Publication - Northern Territory Geological Survey, 437–455. CHEN, G., HILL, K.C. AND HOFFMAN, N., 2002—3D structural analysis of hydrocarbon migration in the Vulcan Sub-basin, Timor Sea. In: Keep, M. and Moss, S.J. (eds), 2002, The Sedimentary Basins of Western Australia 3, Proceedings of the Petroleum Exploration Society of Australia Symposium, Perth, WA, 2002, 377–388. DAWSON, D., GRICE, K., ALEXANDER, R. AND EDWARDS, D., 2007—The effect of source and maturity on the stable isotopic compositions of individual hydrocarbons in sediments and crude oils from the Vulcan Sub-basin, Timor Sea, northern Australia. Organic Geochemistry, 38, 1015–1038. EDWARDS, D.S., PRESTON, J.C., KENNARD, J.M., BOREHAM, C.J., VAN AARSSEN, B.G.K., SUMMONS, R.E. AND ZUMBERGE, J.E., 2004—Geochemical characteristics of hydrocarbons from the Vulcan Sub-basin, western Bonaparte Basin, Australia. In: Ellis, G.K., Baillie, P.W. and Munson, T.J. (eds), Timor Sea Petroleum Geoscience, Proceedings of the Timor Sea Symposium, Darwin, 19–20 June 2003. Northern Territory Geological Survey, Special Publication 1, 169– 201. EDWARDS, H., CROSBY, J., DAVID, N., LOADER, C. AND WESTLAKE, S., 2005—Australian Megasurveys – the key to new discoveries in maturing areas. The APPEA Journal, 45(1), 407–419 FUJII, T., O’BRIEN, G.W., TINGATE, P AND CHEN, G., 2004—Using 2D and 3D basin modelling to investigate controls on hydrocarbon migration and accumulation in the Vulcan Sub-basin, Timor Sea, northwestern Australia. The APPEA Journal, 44(1), 93–122. FUJIMOTO, M., YOSHIDA, T. AND LONG, A., 2010—Improved seismic inversion and reservoir description of Ichthys gas-condensate field, Browse Basin, Western Australia. The APPEA Journal, 50(1) Presentation. KENNARD, J.M., DEIGHTON, I., RYAN, D., EDWARDS, D.S. AND BOREHAM, C.J., 2004—Subsidence and thermal history modelling: new insights into hydrocarbon expulsion from multiple petroleum systems in the Browse Basin. In: Ellis, G.K., Baillie, P.W. and Munson, T.J. (eds), Timor Sea Petroleum Geoscience. Proceedings of the Timor Sea Symposium, Darwin, 19–20 June 2003. Northern Territory Geological Survey, Special Publication 1, 411–435. KIVIOR, T., KALDI, J.G. AND LANG, S.C., 2002—Seal potential in Cretaceous and Late Jurassic rocks of the Vulcan Sub-basin, North West Shelf, Australia. The APPEA Journal, 42(1), 203–224. LIU, K., FENTON, S., BASTOW, T., VAN AARSSEN, B. AND EADINGTON, P., 2005—Geochemical evidence of multiple hydrocarbon charges and long distance oil migration in the Vulcan Sub-basin, Timor Sea. The APPEA Journal, 45(1), 493–509. AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 8 LONGLEY, I.M., BUESSENSCHUETT, C., CLYDSDALE, L., CUBITT, C.J., DAVIS, R.C., JOHNSON, M.K., MARSHALL, N.M., MURRAY, A.P., SOMERVILLE, R., SPRY, T.B. AND THOMPSON, N.B., 2002—The North West Shelf of Australia – a Woodside perspective. In: Keep, M. and Moss, S. (eds), The Sedimentary Basins of Western Australia III: Proceedings of the Petroleum Exploration Society of Australia Symposium, Perth, WA, 2002, 27–88. MILDREN, S.D., HILLIS, R.R., KIVIOR, T. AND KALDI, J.G., 2004—Integrated seal assessment and geologic risk with application to the Skua Field, Timor Sea, Australia. In: Ellis, G.K., Baillie, P.W. and Munson, T.J. (eds), Timor Sea Petroleum Geoscience, Proceedings of the Timor Sea Symposium, Darwin, Northern Territory, 19–20 June 2003, Northern Territory Geological Survey, Special Publication 1, 275–294. RADLINSKI, A.P., KENNARD, J.M., EDWARDS, D.S., HINDE, A.L. AND DAVENPORT, R., 2004—Hydrocarbon generation and expulsion from Early Cretaceous source rocks in the Browse Basin, North West Shelf, Australia: a small angle neutron scattering study. The APPEA Journal, 44(1), 151–180. STRUCKMEYER, H.I.M., BLEVIN, J.E., SAYERS, J., TOTTERDELL, J.M., BAXTER, K. AND CATHRO, D.L., 1998— Structural evolution of the Browse Basin, North West Shelf: new concepts from deep-seismic data. In: Purcell, P.G. and R.R. (eds), 1998, The Sedimentary Basins of Western Australia 2: Proceedings of the Petroleum Exploration Society of Australia Symposium, Perth, WA, 1998, 345–367. SYMONDS, P.A., COLLINS, C.D.N. AND BRADSHAW, J., 1994—Deep structure of the Browse Basin: implications for basin development and petroleum exploration. In: Purcell, P.G. and R.R. (eds), The Sedimentary Basins of Western Australia: Proceedings of Petroleum Exploration Society of Australia Symposium, Perth, 1994, 315–331. VOLK, H., BRINCAT, M. P., GEORGE, S. C., KENNARD, J. M., EDWARDS, D. S., BOREHAM, C. J., AHMED, M. AND LISK, M., 2005—Clues to fill histories of gas fields in the Caswell Sub-basin; evidence from the distribution and geochemistry of palaeo-oils. The APPEA Journal, 45(1), 679. WANG Z.X., ZHU G.H., PANG L.A. AND TANG W.L., 2012—An oil and gas resource assessment of the Bonaparte Basin, northwest shelf of Australia. Bulletin of Canadian Petroleum Geology, 60(3), 218-226. WILLIS, I., 1988—Results of exploration, Browse Basin, North West Shelf, Western Australia. In: Purcell, P.G. and R.R. (eds), The North West Shelf, Australia: Proceedings of Petroleum Exploration Society of Australia Symposium, Perth, 1988, 259–272. WOODS, E.P., 1992—Vulcan Sub-basin fault styles; implications for hydrocarbon migration and entrapment. The APEA Journal, 32, 138–158. YASSIR, N. AND OTTO, C.J., 1997—Hydrodynamics and fault seal assessment in the Vulcan Sub-basin, Timor Sea. The APPEA Journal, 37(1), 380–389. AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 9