OFFSHORE PETROLEUM EXPLORATION ACREAGE RELEASE AUSTRALIA 2014 Release Area AC14-1, Vulcan Sub-basin, Bonaparte Basin, Territory of Ashmore and Cartier Islands Highlights Work program bids close 2 April 2015 Figure 1 Adjacent to proven oil-producing province Development planned for nearby Cash/Maple gas accumulation Shallow to deep water depths, 50–500 m Release Area flanks Jurassic depocentre with oil- and gas-prone source rocks Potential for structural and stratigraphic plays in Jurassic–Triassic, Cretaceous and Paleogene sandstones Special Notices apply, refer to Guidance Notes Location of the 2014 Release Area in the Vulcan Sub-basin, Bonaparte Basin Release Area AC14-1 is located in the western Bonaparte Basin in the Timor Sea approximately 300 km offshore and 650 km from Darwin. It overlaps the western Vulcan Sub-basin and the northeastern Ashmore Platform. The Vulcan Sub-basin is a northeast-oriented Mesozoic extensional depocentre in the western part of the Bonaparte Basin. The sub-basin is flanked by the Permo–Triassic platforms of the Ashmore Platform and the Londonderry High. The Vulcan Sub-basin is a proven Jurassic hydrocarbon province containing depleted oil fields, the producing Montara oil field, and the Cash/Maple gas accumulation which is currently under development. Upper Jurassic fan delta/submarine fan and Upper Cretaceous submarine fan sandstones are proven exploration targets. Structural traps containing Triassic to Jurassic reservoir sandstones are sealed by Lower Cretaceous claystones. On the Ashmore Platform, up to 1500 m of flat-lying Cretaceous and Cenozoic strata overlie up to 4500 m of heavily faulted and folded Permo-Triassic sediments. Exploration of the Ashmore Platform has focused on Cretaceous and Triassic reservoirs and hydrocarbons sourced from the adjacent Vulcan Sub-basin. However, Miocene and Lower Cretaceous reef structures, and Permo-Triassic and Lower Cretaceous equivalents of proven source rocks in other areas of the Bonaparte Basin and Caswell Sub-basin could represent elements of a petroleum system indigenous to the Ashmore Platform. 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 western Bonaparte Basin showing petroleum fields and discoveries, the location of the regional seismic line and the 2014 Release Area AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 2 Figure 3 Stratigraphy and hydrocarbon discoveries of the Vulcan Sub-basin and Ashmore Platform based on the Bonaparte Basin Biozonation and Stratigraphy Chart 34 (Kelman et al, 2014). Geologic Time Scale after Gradstein et al (2012). Regional seismic horizons after AGSO (2001) AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 3 Figure 4 Seismic line 98/r02 across the Ashmore Platform, Vulcan Sub-basin and Londonderry High. 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 Area on the Ashmore Platform, Londonderry High and in the Petrel Sub-basin, Bonaparte Basin AUSTRALIA 2014 Offshore Petroleum Exploration Acreage Release 5 Petroleum systems elements Vulcan Sub-basin Sources Middle–Upper Jurassic transgressive marine shales of the Montara and lower Vulcan formations Lower–Middle Jurassic fluvio-deltaic Plover Formation Permo-Triassic marine-deltaic shales of the Kinmore Group including the Fossil Head and Ascalon formations Reservoirs Upper Cretaceous submarine fan sandstones of the Puffin Formation Upper Jurassic–Lower Cretaceous submarine fan sandstones of the Vulcan Formation Middle–Upper Jurassic marine shoreface/barrier bar sandstones of the Montara Formation Lower–Upper Jurassic fluvio-deltaic Plover Formation Upper Triassic estuarine to intertidal Challis Formation and deltaic Nome Formation and equivalents Paleogene carbonates of the Oliver Sandstone Member, Oliver Formation and Cartier Formation (Woodbine Group) Seals Regional seals Paleocene marine carbonates of the Johnson Formation Lower Cretaceous marine claystones of the Echuca Shoals Formation Upper Jurassic–Lower Cretaceous marine claystones of the Vulcan Formation Intraformational seals Traps Paleogene–Neogene Woodbine Group carbonates Stratigraphic traps including submarine fan sandstones, reefs, pinchouts and unconformities Structural traps consisting of tilted fault blocks, horst blocks and anticlines Infrastructure and markets Release Area AC14-1 is proximal to the Cash/Maple gas accumulation currently being developed by PTTEP. The closest fixed infrastructure are the Bayu/Undan and Ichthys pipelines approximately 200 km to the east and southeast, respectively. Critical risks Structural complexity as a result of fault reactivation has meant adequately imaging trap and seal structures has proved challenging. Significant erosion has also removed much of the Jurassic succession across the Ashmore Platform portion of the Release Area, restricting the spatial extent of reservoir and seal units and reducing the likelihood of widespread Jurassic reservoirs/source rocks as seen in the adjacent Vulcan Sub-basin. Improved 3D seismic data coverage and processing is progressively improving knowledge of trap integrity, as well as source and reservoir potential. Long-distance migration pathways for Swan and Paqualin graben sourced hydrocarbons to the Ashmore Platform are poorly understood and present risks for plays charged by Jurassic sources. Limited drilling in, and near, the Release Area means that indigenous Ashmore Platform Permo-Triassic petroleum systems are poorly understood. 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 1996 Vulcan Sub-basin Airborne Laser Fluorosensor Survey Interpretation Report (WGC Vulcan Graben Survey Number 1113). GEOCAT 31806 Interpreted Horizons and Faults for Seismic Survey 98. Vulcan Basin, 2001. GEOCAT 35237 Line Drawings of AGSO – Geoscience Australia’s Regional Seismic Profiles, Offshore Northern and Northwestern Australia, 2001. GEOCAT 36353 Vulcan Sub-basin Composite Well Log, 1999. GEOCAT 25307 Vulcan Sub-basin, Offshore WA, 1989 (P556). GEOCAT 60009 Vulcan Sub-basin, Timor Sea Survey 97: High Resolution Seismic Reflection Profiling and Direct Hydrocarbon Detection (Vulcan I): Post-Cruise Report: Project 121.19, 1991. GEOCAT 14503 Vulcan Tertiary Tie (VTT) Basin Study, Vulcan Sub-basin, Timor Sea, Northwestern Australia, 1996. GEOCAT 25189 Basement and Crustal Structure of the Bonaparte - Browse Basins, 2003. GEOCAT 41976 Stratigraphy Geoscience Australia’s Basin Biozonation and Stratigraphy Chart Series: Bonaparte Basin Biozonation and Biostratigraphy Chart 34, 2014. GEOCAT 76687 Petroleum systems and accumulations AGSO Marine Survey 176 Direct Hydrocarbon Detection North-West Australia: Yampi Shelf; Southern Vulcan SubBasin; Sahul Platform (July/September 1996) - Operational Report and Data Compendium. GEOCAT 33928 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 Bonaparte Basin, Northern Territory (NT), Western Australia (WA), Territory of Ashmore and Cartier Islands Adjacent Area (AC), Joint Petroleum Development Area (JPDA), 2004. GEOCAT 60865 Characterisation of Natural Gases from West Australian Basins, 2012. GEOCAT 33569 Light Hydrocarbon Geochemistry of the Vulcan Sub-basin, Timor Sea: Rig Seismic Survey 97: Project 121.19, 1992. GEOCAT 14570 Oils of Western Australia II, 2005. GEOCAT 37512 Source Rock Distributions and Petroleum Fluid Bulk Compositional Predictions on the Vulcan Sub-basin, Offshore Western Australia, 2009. GEOCAT 69210 Source Rock Time-slice Maps, Offshore Northwest Australia, 2004. GEOCAT 61179 The Petroleum Systems of the Bonaparte Basin, 2004. GEOCAT 61365 Vulcan Sub-basin – Hydrocarbon Shows Analyses, 2001. GEOCAT 37020 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. AHMAD, M. AND MUNSON, T.J., 2013—Chapter 36: Bonaparte Basin. In: Ahmad, M. and Munson, T.J. (compilers), Geology and mineral resources of the Northern Territory, Northern Territory Geological Survey, Special Publication 5. BAXTER, K., COOPER, G.T., HILL, K.C. AND O'BRIEN, G.W., 1999—Late Jurassic subsidence and passive margin evolution in the Vulcan Sub-basin, north-west Australia; constraints from basin modelling. Basin Research, 11, 97–111. BEARDSMORE, G.R. 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MORY, A.J., 1991—Geology of the Offshore Bonaparte Basin, Northwestern Australia. Geological Survey of Western Australia Report 29, 47pp. O’BRIEN, G.W., LISK, M., DUDDY, I.R., HAMILTON, J., WOODS, P. AND COWLEY, R., 1999—Plate convergence, foreland development and fault reactivation: primary controls on brine migration, thermal histories and trap breach in the Timor Sea, Australia. Marine and Petroleum Geology, 16, 533–560. PATTILLO, J. AND NICHOLLS, P.J., 1990—A tectonostratigraphic framework for the Vulcan Graben, Timor Sea Region. The APEA Journal, 30(1), 27–51. PERESSON, H., WOODS, E.P. AND FINK, P., 2004—Fault architecture along the southeastern margin of the Cartier Trough, Vulcan Sub-basin, North West Shelf, Australia; implications for hydrocarbon exploration. 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, 156–167. PETKOVIC, P., COLLINS, C.D.N. AND FINLAYSON, D.M., 2000—Crustal structure across the Vulcan Sub-basin from seismic refraction and gravity data. Exploration Geophysics, 31, 287–294. SMITH, P.M., 1991—Discovery of salt in the Vulcan Graben; a geophysical and geological evaluation. The APEA Journal, 31(1), 229–243. TOPHAM, B.D., LIU, K. AND EADINGTON, P.J., 2003—Relationships between V-shale, petrographic character and petrophysical data from the Jurassic reservoir sandstones in the southern Vulcan Sub-basin. Petrophysics, 44, 36–47. 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. WELLMAN, P. AND O'BRIEN, G.W., 1991—Vulcan Graben, Timor Sea; regional structure from a magnetic survey. Geological Society of Australia Abstracts, 30, 87–88. WOODS, E.P., 2004—Twenty years of Vulcan Sub-basin exploration since Jabiru; what lessons have been learnt? 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, 2003 Northern Territory Geological Survey, Special Publication, 1, 88–93. WOODS, E.P. AND MAXWELL, A.J., 2004—The significance of the Tenacious oil discovery, Vulcan Sub-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, Northern Territory, 2003 Northern Territory Geological Survey, Special Publication, 1, 471–482. WORMALD, G.B., 1988—The geology of the Challis oilfield - Timor Sea, Australia. The North West Shelf, Australia. In: Purcell, P.G. and Purcell, R.R. (eds), Proceedings of the North West Shelf Symposium, Perth, Western Australia, 10– 12 August, 1988, Petroleum Exploration Society of Australia, Perth, 425–437. 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