PETROLEUM GEOLOGICAL SUMMARY RELEASE AREAS W11-12, W11-13 AND W11-14, EXMOUTH PLATEAU, NORTHERN CARNARVON BASIN, WESTERN AUSTRALIA Bids Close – 13 October 2011 Australia’s premier deep-water gas province Adjacent to multi-Tcf gas fields and numerous recent discoveries Fault block and structural/stratigraphic traps Construction and planned expansion of regional LNG facilities Water depths 900-1400 m 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 1 of 21 LOCATION Release Areas W11-12 to 14 are located in deep water 150-300 km off the coast of Western Australia on the Exmouth Plateau, within the Northern Carnarvon Basin (Figure 1). The Release Areas are located to the south and east of the giant ~8 Tcf Scarborough gas field and to the west and southwest of the supergiant Io-Jansz field. No wells have been drilled in the Release Areas. Water depths range from about 900 to 1,400 m. Release Area W11-12 comprises 13 graticular blocks with a total area of 1,050 km2, W11-13 comprises 11 graticular blocks covering 880 km2 and W11-14 consists of 10 graticular blocks with an area of 800 km2. Gas production facilities are currently being developed for the Chevron operated Gorgon and Io-Jansz fields and the Woodside operated Pluto field. ExxonMobil and BHP Billiton are currently examining development options for the Scarborough and Thebe fields, as is Chevron for the Wheatstone field. Graticular block details for the Release Areas are shown in Figure 2. 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 2 of 21 RELEASE AREA GEOLOGY Local Tectonic Setting The Exmouth Plateau is a deep-water marginal plateau that represents the westernmost structural element of the Northern Carnarvon Basin (Figure 3). Most of the plateau is underlain by 10-15 km of generally flat-lying and tilted, block-faulted Lower Cretaceous, Jurassic, Triassic and older sedimentary rocks (Figure 4). This section was deposited during the periods of extension that preceded breakup of Australia and Argo Land in the Middle Jurassic, and then Greater India in the Early Cretaceous (Stagg et al, 2004). The dominant fault trend on the Exmouth Plateau is north-south, swinging to northeastsouthwest near the northern and western margins of the plateau and along the inner margin adjacent to the Rankin Platform and Exmouth, Barrow and Dampier sub-basins (Figure 3). Structural Evolution and Depositional History of the Sub-basin The Lower Triassic section in the Carnarvon Basin is marked by a regional marine transgression that represents the sag phase of a previous Paleozoic rift cycle. The marine Locker Shale (below TD of wells on the Exmouth Plateau) unconformably overlies the Permian section and grades upwards into the Middle-Upper Triassic Mungaroo Formation (Figure 4). The Mungaroo Formation was deposited in a broad, low relief, rapidly subsiding fluvio-deltaic coastal plain that extended across the Exmouth Plateau. During marine transgression in the latest Triassic (Rhaetian), carbonate patch reefs developed on the Wombat Plateau (von Rad et al, 1992a; Williamson et al, 1989) and probably extended across the northern- and western-central parts of the Exmouth Plateau, while marls, siltstones and thin sandstones (Brigadier Formation) were deposited elsewhere. As rifting proceeded between Australia and Greater India, several faulting episodes occurred in the Jurassic. In the Pliensbachian, rifting inboard of the Exmouth Plateau formed the Exmouth, Barrow and Dampier sub-basins. Several kilometres of marine Jurassic sediments, equivalent to condensed sections on the central Exmouth Plateau (Dingo Claystone equivalents), were deposited in these troughs. Major rift-fault movement occurred in the Callovian on the Exmouth Plateau with oceanic crust created in the Argo Abyssal Plain in the late Oxfordian, and in the Gascoyne and Cuvier abyssal plains in the Valanginian (Norvick, 2002). Rift and breakup volcanics are widespread along the outer margins of the Exmouth Plateau and probably include Upper Triassic, Oxfordian/Callovian and Lower Cretaceous suites (Stagg et al, 2004). During the Late Jurassic in the eastern Exmouth Sub-basin, sandy shelfal facies were deposited within restricted shallow depocentres (including the Oxfordian Jansz Sandstone reservoir at the supergiant Io-Jansz gas accumulation). In the Early Cretaceous the Barrow Group delta prograded 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 3 of 21 northward across the southern portion of the plateau to form a major sediment lobe with the shelf edge arced through or near the Investigator 1 and Zeepard 1 well locations (Boote and Kirk, 1989). A distal claystone equivalent (Forestier Claystone) was deposited to the north of the delta lobe. Barrow Group basin floor fans form the reservoir at the Scarborough gas field. As the newly formed oceanic crust of the Argo, Gascoyne and Cuvier abyssal plains rapidly subsided, the Exmouth Plateau also foundered and was progressively transgressed throughout the Cretaceous by shallow marine mudstone (Muderong Shale) and siltstone (Gearle Siltstone), mid-outer shelf marl and chalk (Toolonga Calcilutite), and finally Cenozoic bathyal chalk and ooze. 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 4 of 21 EXPLORATION HISTORY Two major exploration campaigns have focused on the deep-water Exmouth Plateau, the first in 1979 to 1980 for oil targets, and the second, currently underway, searching for gas. The initial exploration programs were undertaken by Esso and Phillips (Barber, 1988) and eleven deep-water (740– 1375 m) wells were drilled (Walker, 2007), targeting oil charge from the Jurassic Dingo Claystone. Two wells were gas discoveries: Jupiter 1, a Triassic horst trap; and Scarborough 1, an inverted Lower Cretaceous Barrow Group basin floor fan. At the time of the Scarborough 1 discovery (1979), the available technology and the undeveloped LNG market, made the remote, deep-water gas accumulation uneconomic to develop. All other wells drilled during this period had significant gas shows, but there were no oil discoveries. The second phase of exploration commenced in the mid 1990s with the drilling of the Scarborough 2 appraisal well in 1996. This second phase focused on the established Triassic fault-block play along the eastern margin of the Exmouth Plateau. Acreage on the northern and western Exmouth Plateau was released in 2000, but failed to attract successful bids. The supergiant Io-Jansz gas field was discovered by Jansz 1 (2000) and Io 1 (2001) and represented a new Oxfordian play type on the Exmouth Plateau (Jenkins et al, 2003). Following this discovery, gas became the primary exploration target and extensive new acreage was awarded on the central, northern and western Exmouth Plateau. In 2007, BHP Billiton drilled Thebe 1 in Permit WA-346-P and discovered 23 Tcf (57-85 Bcm) of gas in a Triassic fault block (BHP Billiton, 2007; Anonymous, 2007). Thebe 2 (2008) was drilled 16 km to the north of the initial discovery and confirmed expectations of the size and quality of the Thebe resource (BHP Billiton, 2008a). Market conditions have changed markedly since exploration in the 1970s with major gas trade established with Japan, contracts to supply LNG to China, production facilities under construction for Pluto, and development proposals for Wheatstone, Scarborough and Thebe. In 2007, Hess was awarded the deep-water petroleum exploration permit WA-390-P, located southwest of the supergiant Io-Jansz field, with an aggressive bid including a 16 well drilling commitment. In 2008, four wells were drilled with three gas discoveries (Glencoe 1, Briseis 1 and Nimblefoot 1) and the fourth containing noncommercial gas (Warrior 1). In all three discoveries, accumulations occur within the post-Callovian interval, with Briseis 1 also encountering additional pay in the Triassic Mungaroo Formation (Smallwood et al, 2010). The Oxfordian (W. spectabilis) sandstones encountered in Glencoe 1 are analogous to those encountered at Io-Jansz. In contrast, Nimblefoot 1 and Briseis 1 both encountered gas pay within deep-water Berriasian delta-front turbidite sandstones sourced from the Barrow delta to the south, analogous to 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 5 of 21 the Scarborough gas field. In 2009 seven wells were drilled (Toporoa 1, Dunlop 1, Lightfinger 1, Bravo 1, Rimfire 1, Mentorc 1 and Hijinx 1) with six gas discoveries (Jonasson, 2010). A twelfth well, Glenloth 1, was completed in 2010 by Hess, and was also a gas discovery (Jonasson and Mack, 2010). Other recent gas finds have been made at Achilles 1 (2009), Yellowglen 1 (2009), Satyr 1 (2009) and Sappho 1 (2010) to the east; Chandon 1 (2006), Martell 1 (2009), Noblige 1 (2010), Larsen 1 (2010) and Larsen Deep 1 (2010) to the northeast; and Kentish Knock 1 (2009), Guardian 1 (2009), Brederode 1 (2010) and Alaric 1 (2010) to the west (Figure 1). The discovery of gas at Brederode 1 (Chevron permit WA-264-P) and Alaric 1 (Woodside permit WA434-P) significantly extend the western extent of known gas resources on the Exmouth Plateau (Woodside, 2010a). Well Control No wells occur within the Release Areas, but several occur in close proximity (Jupiter 1, Mercury 1, Scarborough 1 and Jacala 1) and others provide important stratigraphic control or nearby gas discoveries (Figure 1). Zeewulf 1 (1979) Zeewulf 1 was the first well drilled on the southern Exmouth Plateau. It was drilled by Esso Australia Ltd in 1194 m water depth and reached a TD of 3500 mKB. The well tested a tilted Triassic fault block and intersected 2443 m of Cenozoic to Lower Cretaceous claystone, foraminiferal ooze, marl, siltstone and glauconitic sandstone which overlies 643 m of basinal to prodelta and delta front claystone, siltstone and sandstone of the Barrow Group. The Barrow Group was underlain by a 5 m section of Upper Jurassic siltstone, shale and dolomite and 409 m of Upper Triassic sandstone, siltstone, claystone and minor coal of the Mungaroo Formation to TD. Reservoir quality sandstones were encountered in the Lower Cretaceous Barrow Group (2026% porosity) and Upper Triassic Mungaroo Formation (11-21% porosity). Minor gas and condensate were recovered from the Mungaroo Formation and probably came from an overmature source in the Triassic sedimentary section. The lack of hydrocarbons in Zeewulf 1 was attributed to reduced vertical trap closure, partial leakage of hydrocarbons upwards along southeast bounding fault and inability of hydrocarbons generated in surrounding graben to migrate into the structure (Esso Australia Ltd, 1979). Investigator 1 (1979) Investigator 1 was drilled by Esso Australia Ltd to test the delta front sandstones of the Lower Cretaceous Barrow Group in a large closure formed by a combination of northward depositional dip on the delta front, regional south to southeast tilting of the Exmouth Plateau and gentle Cenozoic arching about a northeast-trending axis (Figure 5); Esso Australia Ltd, 1980a). The well was drilled in 841 m water depth and reached a TD of 3,745 mKB. It penetrated and sampled an Albian-Barremian succession of claystone, marl and siltstone to 1,492 mKB, overlying a 1,748 m thick section of basinal to prodelta and delta front claystone, siltstone and sandstone of the target 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 6 of 21 Barrow Group. The Barrow Group was underlain by a 15 m section of Upper Jurassic claystone, Middle-Lower Jurassic marl (44 m), Upper Triassic (Rhaetian) marl (65 m) and Upper Triassic (Norian) interbedded sandstone, siltstone, claystone and minor coal of the Mungaroo Formation (382 m thick to TD). Sandstones of good reservoir quality occur within the Barrow Group (13– 30% porosity), but those within the Upper Triassic Mungaroo Formation were generally poor (5–16% porosity). No significant hydrocarbon shows were recorded in the target Barrow Group reservoir, but elevated mud gas levels and small amounts of wet gas and questionable oil films in wireline tests were recorded in low permeability sandstones of the Mungaroo Formation. Log analysis indicates 48–86% water saturation in these sandstones. The lack of hydrocarbons in the Barrow Group sands was attributed to the absence of effective migration pathways for any hydrocarbons generated within the deeper Mungaroo section. Jupiter 1 (1979) Jupiter 1 was drilled by Phillips Australian Oil Company in water depths of 960 m to test a tilted Triassic horst block. The well reached a TD of 4946 mRT in a thick section of interbedded Triassic siltstone, claystones, sandstone and minor coal and dolomite (A. reducta to S. quadrifidus spore/pollen zones) of the Mungaroo Formation (Phillips Australian Oil Company, 1980a). The well penetrated 466 m of inferred calcareous ooze and marl of Holocene to Late Cretaceous age without returns, and sampled Cretaceous chalk, calcareous claystone and siltstone to 1,857 mRT, and a 15 m section of Upper Jurassic claystone to 1,872 mRT. This Jurassic claystone was unconformably underlain by 23 m of Upper Triassic (Rhaetian) carbonate and claystone, 39 m of transgressive marine siltstone and sandstone (ascribed to the Brigadier Formation by Crostella and Barter, 1980) and a thick section of Upper-Middle Triassic deltaic sediments of the Mungaroo Formation (1,8954,946 mRT). This is the maximum known drilled thickness of Triassic section on the Exmouth Plateau. A 22.5 m gas column was discovered in Upper Triassic sandstones (1,9111,933 mRT; Brigadier Formation) with reserves of about 0.15 Tcf (4 Bcm; Walker, 2007). This accumulation has a strong flat-spot DHI on seismic data, which indicates the spill-point of the gas into the bounding fault, and venting through to a gas-chimney is also evident on seismic (Barber, 1988). Scarborough 1 (1979) Scarborough 1 was drilled by Esso Australia Ltd to test a large, low relief anticline within the Barrow Group delta that displayed a prominent flat-lying bright spot conforming to the crest of the structure (Esso Australia Ltd, 1980b). The well was drilled in a water depth of 912 m and was abandoned at a TD of 2364 mKB due to mechanical problems. It penetrated an upper Campanian-Hauterivian marl and claystone succession overlying pro-delta claystone (Upper Delta sequence) and prograding submarine fan sandstone (Lower Delta sequence) of the Lower Cretaceous Barrow Group (total 683 m 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 7 of 21 thick). Drilling was abandoned within the Barrow Group, and the underlying Triassic section was not reached. Scarborough 1 discovered a 59 m gas column within good quality sands (average 23% porosity) of the lower Barrow Group basin floor fan sealed by prodelta claystone. Formation testing at 1,904.5 mKB recovered 5.2 m3 of methane with only 0.12% ethane and no fractions heavier than propane. Additional appraisal wells Scarborough 2 (1996-1997) and Scarborough 3, 4 and 5 (2004-2005) have since been drilled. Scarborough 2 was drilled to a TD of 2,068 mKB to appraise the southeast limit of the lower delta fan reservoir discovery, and to confirm the presence of higher gas-bearing sands in the upper delta fan with seismic amplitude anomalies (Esso Australia Ltd, 1997). A total of 84 m of conventional core were cut in the upper and lower fans, and both successions were confirmed to be gas bearing from log analysis, MDT samples and production testing. The upper fan reservoir contained a 39 m gross gas interval with lower than expected porosity (20%), permeability (<1– 10 mD) and gas saturation (49%). The lower fan reservoir contained a 28 m gross gas interval with excellent porosity (26%), permeability (1,000– 5,000 mD) and gas saturation (70%). Cores indicate that the upper fan consists mostly of thin-bedded pelagic mudstone and debris-flow sands, whereas the lower fan comprises amalgamated channel sands. Pressure gradients and gas compositions suggest that the upper and lower fans are in communication, with the same gas-water contact as Scarborough 1. Scarborough 3 was located on the southwest flank of the structure to appraise the upper fan complex of the Barrow Group. It encountered a 53 m gross gas column and demonstrated that high-quality, amalgamated turbidite sands were developed in the upper fan (Gorter, 2005). Scarborough 4 and Scarborough 5 were drilled to further appraise the turbidite sandstones of the lower fan with the upper fan sandstones a secondary objective. Scarborough 4 intersected 10.5 m of net gas pay in the upper fan complex and 34.1 m in the lower fan complex while Scarborough 5 encountered 6.2 m and 36 m of net gas pay in these same units, respectively. The Scarborough domal anticline, which was generated by structural inversion in the Campanian, is approximately 350 km2 in area and contains reserves of about 8 Tcf (226 Bcm) of gas (BHP Billiton, 2008b). ExxonMobil and BHP Billiton are currently assessing development options, including a floating LNG facility. Mercury 1 (1979) Mercury 1 was drilled by Phillips Australian Oil Company on the eastern flank of the Exmouth Plateau bathymetric arch to test Upper Triassic fluvio-deltaic reservoirs within a tilted fault block sealed by drape closure of Lower Cretaceous claystones. The structure is bounded to the west by a major north-south trending normal fault with a throw of about 900 m (Phillips Australian Oil Company, 1980b). It was envisaged that deeply buried Lower Cretaceous claystone within the Kangaroo Syncline to the east would provide 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 8 of 21 a hydrocarbon charge. The well was drilled in a water depth of 1,142 m and reached a TD of 3812 mKB within the Upper Triassic Mungaroo Formation. It penetrated and sampled a thin upper Paleocene marl overlying Upper Cretaceous marl and chalk to 2,032 mKB and Lower Cretaceous marl, chalk, siltstone and claystone to 2,399 mKB. The Cretaceous section unconformably overlies basal Jurassic marl and claystone to 2416 mKB, Upper Triassic marl and limestone to 2,467 mKB, and Upper Triassic sandstone, siltstone and claystone with abundant coal to TD. No Barrow Group sandstones were encountered. High quality reservoirs were encountered in the deeper parts of the Mungaroo Formation, but only poor quality reservoirs (thin argillaceous sandstones and interbedded siltstone and shale) occur in the uppermost part of the tilted fault blocks that are in the zone of potential drape closure entrapment. Only minor hydrocarbon indications were reported in this interval and wireline logs indicated no productive hydrocarbon zones and high water saturations. High mud gas readings (generally 5,000–10,000 ppm, mainly methane but with minor ethane and propane) were recorded while drilling the Albian to Rhaetian interval (2,140–2,467 mKB). Eendracht 1 (1980) Eendracht 1 was drilled by Esso Australia Ltd to test Upper Triassic (preRhaetian) reservoirs within an elongate tilted horst block bounded to the west by a major normal fault (Esso Australia Ltd, 1981a). The well was drilled in a water depth of 1,354 m and reached a TD of 3,410 mKB within the Mungaroo Formation. It penetrated Paleocene to Albian calcilutites to 2,184.5 mKB, a thin Barremian-Hauterivian claystone (Muderong Shale equivalent) to 2,195 mKB, Lower Cretaceous prodelta siltstone and claystone (Barrow Group) to 2,344.5 mKB, a condensed section of Upper to Lower Jurassic claystone (Dingo Claystone equivalent), Upper Triassic (Rhaetian) marl to 2,419 mKB, and Upper Triassic shallow marine to deltaic siltstone, claystone and sandstone of the Mungaroo Formation. Four gas-bearing sandstones in the Triassic Mungaroo Formation were intersected over the interval 2,467-2,652 mKB, with a total net gas pay of 25.5 m. The maximum observed gas column was 44 m in a thin sandstone at 2,467 m; the three deeper gas sands were recognised pre-drill as seismic amplitude anomalies. Sirius 1 (1980) Sirius 1 was drilled by Esso Australia Ltd in 1,173.9 m water depth and reached a TD of 3,500 mKB. The well tested a large, low-relief anticline within the Lower Cretaceous Barrow Group (Esso Australia Ltd, 1981b). The Triassic sandstones of the Mungaroo Formation were a secondary target. No samples were collected down to 1,573.6 mKB and the well intersected Lower Cretaceous claystone, calcareous ooze, marl and siltstone to 1,675 mKB (Toolonga Calcilutite, Gearle Siltstone and Muderong Shale equivalents) overlying 1,213 m of deltaic Barrow Group sandstone and siltstone. The Barrow Group was underlain by a 109 m thick section of Lower to Upper 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 9 of 21 Jurassic marl, biomicrite and siltstone (Dingo Claystone equivalent), 11 m of Upper Triassic (Rhaetian) marl, sandstone and claystone and 492 m of Upper Triassic Mungaroo Formation siltstone and sandstone. Reservoir quality sandstones were encountered in the Lower Cretaceous Barrow Group (2535% porosity) and Upper Triassic Mungaroo Formation (10-25% porosity) although fewer reservoir quality sandstones were encountered in the Mungaroo Formation than expected. Gas shows were recorded in the Barrow Group (2,740-2,850 mKB) and Mungaroo Formation (3,015-3,500 mKB). The Barrow Group test failed due to the lack of intra-Barrow Group seals within the sandy Lower Cretaceous section. Leyden 1B ST (1996) Leyden 1B ST was drilled by BHP Petroleum Pty Ltd in 1025 m water depth on the southern edge of the Exmouth Plateau at the boundary with the Exmouth Sub-basin. The well reached a TD of 4,300 mRT and tested a large northeast-southwest trending, eroded and tilted Triassic horst block with Upper Triassic Mungaroo Formation sandstones the primary objective (BHP Petroleum Pty Ltd, 1997). No samples were collected down to 1,640 mRT and the well intersected Cenozoic to Upper Cretaceous calcareous claystone and siltstone to 1,743 mRT, Albian to Turonian Gearle Siltstone to 2,482 mRT, Upper Aptian Basal Gearle Member claystone (Windalia Radiolarite equivalent) to 2,562 mRT, Aptian to Barremian Muderong Shale to 2,642 mRT, Barremian to Valanginian Mardie Greensand to 2660 mRT and Barremian Birdrong Sandstone to 2,688 mRT. The Birdrong Sandstone (see stratigraphic column for Exmouth Sub-basin) was underlain by Berriasian Barrow Group from 2,688-3,801 mRT and Upper Triassic Mungaroo Formation from 3,801 mRT to TD. Reservoir quality varies across the Mungaroo Formation but is generally good (8-18% porosity) in three thick channel sandstones at 3,920-3,964 mRT, 4,135-4,198 mRT and 4,2594,290 mRT. Elevated gas levels were observed across the entire Mungaroo Formation. However, they are probably residual hydrocarbons in the form of gascondensate. Residual gas was also encountered in the basal Barrow Group at 3,650 mRT (BHP Petroleum Pty Ltd, 1997). Jacala 1 (2006) Jacala 1 was drilled by BHP Billiton Petroleum Pty Ltd in 1,062 m water depth to a TD of 2,217 mRT. This high risk well targeted oil in a large simple 4-way dip structure with Lower Cretaceous Barrow Group sandstones the primary objective (TapOil Ltd, 2006). The well did not encounter hydrocarbons (ROC Oil Ltd, 2010) and detailed results have not yet been released. Chandon 1 (2006) Chandon 1 was drilled by Chevron Australia Pty Ltd in 1,200 m water depth to a TD of 3,100 m, and is located 31 km northwest of the Jansz 2 well. Unlike the Io-Jansz accumulation, the objective was a Triassic fault block, and a 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 10 of 21 197 m gross gas column was intersected in high quality Mungaroo Formation sandstones (Jonasson, 2007). The Chandon accumulation has been estimated to contain up to 4 Tcf (113 Bcm) gas (Blevin, 2007). Detailed results of the well have not yet been released. Thebe 1 (2007) and Thebe 2 (2008) Thebe 1 was drilled by BHP Billiton about 50 km north of the Scarborough gas field in 1,173 m water depth. The well discovered a 73 m gas column (BHP Billiton, 2007) in a Triassic fault block that may contain 2-3 Tcf (57–85 Bcm) of gas (Anonymous, 2007). Thebe 2 was drilled 16 km to the north of the initial discovery and confirmed expectations of the size and quality of the Thebe resource (BHP Billiton, 2008a). Detailed results of the wells have not yet been released. Belicoso 1 (2007) Belicoso 1, the most northerly exploration well on the Exmouth Plateau (about 81 km north of Mercury 1), was drilled by Woodside Petroleum Ltd in over 1400 m water depth to test a north-northeast trending Triassic horst block (Woodside, 2007a). The well did not encounter hydrocarbons, but intersected thick, high-quality reservoirs (Woodside, 2007b). Detailed results of the well have not yet been released. Martell 1 (2009) Martell 1 was drilled by Woodside Petroleum Ltd in 1,290 m water depth about 27 km northeast of Chandon 1. Pressure testing of sandstones over an interval 2,778 to 3,201 mRT confirmed a gross gas column of about 110 m and the presence of a gas-water contact (Woodside, 2009a). The accumulation occurs within a top Triassic horst block (Woodside, 2009b). Detailed results of the well have not yet been released For further details regarding wells and available data follow this link: http://www.ret.gov.au/Documents/par/data/documents/Data%20list/data%20li st_exmouthplt_AR11.xls . 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 11 of 21 Seismic Coverage The Release Areas are covered by regional 2D seismic grids acquired in the late 1970s (approximate 5 km line spacings) and 1991-1997 (line spacings of about 10–20 km). Deep seismic data was acquired by Geoscience Australia in 1991–1995 across the central and northern Exmouth Plateau (Surveys 101, 110, 128; Geoscience Australia 2001), and across the outer margins of the Plateau (Surveys 135, 162; Stagg et al, 2004). WesternGeco acquired two multi-client 3D surveys in 2008: Keystone and Aragon. The Keystone survey was acquired across several blocks including much of Release Area WA11-12 (WesternGeco, 2010a). The Aragon survey was acquired in WA-251-P and covers most of Release Areas WA11-13 to 14 (WesternGeco, 2010b). Fugro is acquiring the Eendracht 3D multi-client survey in 2009-10 across several blocks directly south of W11-13 to 14 and including the bottom part of W11-13 (Fugro Multiclient Services, 2010). In 2008, a new multi-client survey (PGS New Dawn) was acquired across the Exmouth Plateau including a few lines over the Release Areas (Petroleum Geo-Services, 2009). Seismic data are generally of high quality across the Exmouth Plateau, and indications of gas charge and gas-water contacts can commonly be imaged directly as amplitude anomalies and flat-spots. To view image of seismic coverage follow this link: http://www.ga.gov.au/energy/projects/acreage-release-andpromotion/2011.html#data-packages Other data In addition to commercial petroleum exploration wells, scientific Ocean Drilling Program (ODP) wells have also been drilled on the Exmouth Plateau. In 1988, ODP Leg 122 (Haq et al, 1990; von Rad et al, 1992b) drilled two wells on the western Exmouth Plateau (Figure 1) and four wells on the northern Exmouth Plateau (Wombat Plateau). Detailed descriptions of the fully cored holes and interpretation of the results are given by von Rad et al (1992b). 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 12 of 21 PETROLEUM SYSTEMS AND HYDROCARBON POTENTIAL Table 1: Petroleum Systems Elements Summary Sources Triassic Mungaroo Formation (gas-prone) Lower Cretaceous Barrow Group (basin floor fans, turbidites) Oxfordian Jansz Sandstone (upper-lower shoreface) Upper Triassic (Rhaetian) reefs (no discoveries to date) Reservoirs Upper Triassic Brigadier Formation (shallow marine-deltaic) Top Triassic Mungaroo Formation (fluvio-deltaic) Intra-Triassic Mungaroo Formation (fluvio-deltaic) Lower Cretaceous marine Muderong Shale (regional seal) Lower Cretaceous distal condensed claystones, Barrow Group (Forestier Claystone equivalents) Seals Jurassic condensed marls/claystones (Dingo Claystone equivalents) Intra-formational Mungaroo Formation claystones (cross-fault) Tilted Triassic fault blocks and associated drapes Oxfordian shoreface sandstone stratigraphic traps Play Types Lower Cretaceous basin floor fan stratigraphic traps Upper Triassic (Rhaetian) pinnacle reefs The supergiant Io-Jansz gas field, giant Scarborough gas field, and the Jupiter 1 and Eendracht 1 gas discoveries, together with the recent gas discoveries in the Chandon 1, Thebe 1 and 2, Martell 1, Glencoe 1, Nimblefoot 1, Briseis 1, Kentish Knock 1, Brederode 1 and Alaric 1 wells, demonstrate that the deep-water Exmouth Plateau is prospective for large gas discoveries. All these discoveries are attributed to a widespread regional gas system sourced from the Triassic succession. Source Rocks The thick Triassic and older sedimentary section on the Exmouth Plateau has the greatest potential for mature source facies, with possible organic-rich units 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 13 of 21 in the Lower Triassic (marine Locker Shale equivalents) and Upper Triassic (deltaic Mungaroo Formation facies and marine equivalents). Recent exploration activities on the Exmouth Plateau are based on a model that invokes gas charge from the deeply buried coal and carbonaceous claystone of the Mungaroo Formation. Peak gas generation from these Triassic source rocks is interpreted to occur now at depths greater than 5 km subsea (Bussell et al, 2001). Organic-rich sediments may also be present within the condensed Jurassic and Upper Cretaceous succession, but these are immature. Reservoirs Fluvio-deltaic sandstones of the Upper Triassic Mungaroo Formation (eg Eendracht, Thebe, Martell and Chandon) and basin-floor fan and turbidite sandstones of the Lower Cretaceous Barrow Group (eg Scarborough, Nimblefoot and Brieseis shallow) provide good quality reservoirs across the Exmouth Plateau and are likely to represent the main reservoir target within the Release Areas. Transgressive marine sandstones of the Brigadier Formation (eg Jupiter) and Rhaetian reefal carbonates provide additional potential reservoir targets. Seals Fine-grained deep-water Cretaceous sediments (Muderong Shale and distal facies of the Barrow Group) provide a regional seal across the Exmouth Plateau. There are also intra-formational seals within the deltaic sequences of the Upper Triassic Mungaroo Formation. The Rhaetian marl and Jurassic condensed marls/claystones (Dingo Claystone equivalents), where preserved, can also provide a top seal to Triassic reservoirs. Play Types High relief top Triassic fault blocks together with associated drape features and deeper intra-Triassic cross-fault traps provide numerous potential structural traps on the Exmouth Plateau (Figure 5 and Figure 6). Upper Triassic (Rhaetian) pinnacle and patch reefs (such as those intersected in ODP holes on the Wombat Plateau; Williamson et al, 1989) have been identified as potential new plays across parts of the central Exmouth Plateau. Woodside unsuccessfully tested one of these plays with Tiberius 1 drilled in WA-434-P in 2010 (Woodside, 2010b). Other proven stratigraphic traps in the region include Lower Cretaceous basin floor fans (eg Scarborough) and Upper Jurassic shoreface sandstones (eg Io-Jansz, Glencoe). Critical Risks Given that a proven hydrocarbon system has already been established across the central Exmouth Plateau, continued success relies on the identification of additional valid traps with access to charge from the gas-prone Mungaroo source. 3D seismic and AVO technology are thus key exploration tools that are likely to contribute to continued exploration success on the deep-water 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 14 of 21 Exmouth Plateau (Longley et al, 2002; Korn et al, 2003; Williamson and Kroh, 2007). 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 15 of 21 FIGURES Figure 1: Location map of Release Areas W11-12, W11-13 and W11-14, on the Exmouth Plateau, Northern Carnarvon Basin. Figure 2: Graticular block map and graticular block listings for Release Areas W11-12, W11-13 and W11-4, on the Exmouth Plateau, Northern Carnarvon Basin. Figure 3: Structural elements of the Exmouth Plateau showing the 2011 Release Areas and location of seismic section shown in Figure 5. Figure 4: Generalised stratigraphy of the Exmouth Plateau, based on the Northern Carnarvon Biozonation and Stratigraphy Chart (Nicoll et al 2009). Geologic Time Scale after Gradstein et al (2004) and Ogg et al (2008). Seismic horizons after Kennard and Colwell (2001). Figure 5: AGSO seismic line 110-12 across the southern Exmouth Plateau. Figure 6: Play types on the Exmouth Plateau (modified from Woodside, 2009b). Lower Cretaceous Barrow Group basin floor fan and turbidite plays (eg Scarborough, Nimblefoot and Briseis shallow) not shown. 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 16 of 21 REFERENCES ANONYMOUS, 2007—Regional Update, Australia. Journal of Petroleum Technology, 59 (11), November 2007, page 10. BARBER, P., 1988—The Exmouth Plateau deepwater frontier: a case study. In: Purcell, P.G. and Purcell, R.R. (eds), The North West Shelf, Australia: Proceedings of the Petroleum Exploration Society of Australia Symposium, Perth, 173–187. BHP BILLITON, 2007—[Web page] BHP Billiton announces gas discovery at Thebe 1 offshore Australia, 13 August 2007. http://www.bhpbilliton.com/bb/investorsMedia/news/2007/bhpBillitonAnnounce sGasDiscoveryAtThebe1OffshoreAustralia.jsp (last accessed 14 October 2010). BHP BILLITON 2008a—[Web page] Defining our future, 20 October 2008. http://www.bhpbilliton.cbom/bbContentRepository/docs/definingOurFuture.pdf (last accessed 14 October 2010). BHP BILLITON, 2008b—[Web page] Investment presentation, Australian Analysts’ Tour, 27 October 2008, Petroleum Australia presentation. http://www.bhpbilliton.com/bbContentRepository/docs/petroleumSitePresentat ion08.pdf (last accessed 14 October 2010). BHP PETROLEUM PTY LTD, 1997—Leyden 1, 1A, 1B & 1B/ST1 Well Completion Report, unpublished. BLEVIN, J.E., 2007—PESA industry review: Exploration highlights for 2006. The APPEA Journal, 47, 2, 631-648. BOOTE, R.D. AND KIRK, R.B., 1989—Depositional wedge cycles on an evolving plate margin, Western and northwestern Australia. American Association of Petroleum Geologists Bulletin, 73, 216-243. BUSSELL, M.R., JABLONSKI, D., ENMAN, T., WILSON, M.J. AND BINT, A.N., 2001—Deepwater exploration: northern Western Australia compared with Gulf of Mexico and Mauritania. The APPEA Journal, 41(1), 289–319. CROSTELLA AND BARTER, 1980—Triassic-Jurassic depositional history of the Dampier and Beagle Sub-basins, Northwest Shelf of Australia. APEA Journal, 20 (1), 25-33. ESSO AUSTRALIA LTD, 1979—Zeewulf 1 Well Completion Report, unpublished. ESSO AUSTRALIA LTD, 1980a—Investigator 1 Well Completion Report, unpublished. 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 17 of 21 ESSO AUSTRALIA LTD, 1980b—Scarborough 1 Well Completion Report, unpublished. ESSO AUSTRALIA LTD, 1981a—Eendracht 1 Well Completion Report, unpublished. ESSO AUSTRALIA LTD, 1981b—Sirius 1 Well Completion Report, unpublished. ESSO AUSTRALIA LTD, 1997—Scarborough 2 Well Completion Report, unpublished. FUGRO MULTICLIENT SERVICES, 2010—[Web page] Australia-Eendracht 3D New Non-Exclusive Seismic Survey. http://www.fugromcs.com.au/Australia/3D_Eendracht3D.htm (last accessed 7 October 2010). GEOSCIENCE AUSTRALIA, 2001—Line drawings of Geoscience Australia’s regional seismic profiles, offshore northern and northwestern Australia. Geoscience Australia Record 2001/36, GeoCat 36352, unpublished. GORTER, J.D., 2005—2004 Exploration Review. The APPEA Journal, 45 (2), 129-144. HAQ, B.U., von RAD, U., O’CONNELL, S. AND OTHERS, 1990— Proceedings of Ocean Drilling Program, Initial Reports, 122. Ocean Drilling Program, College Station, Texas, 862 pp. JENKINS, C.C., MAUGHAN, D.M., ACTON, J.H., DUCKETT, A., KORN, B.E. AND TEAKLE, R.P., 2003—The Jansz gas field, Carnarvon Basin, Australia. The APPEA Journal, 43 (1), 303–324. JONASSON, K., 2007—[Web page] Review of exploration activities in 2006. Petroleum in Western Australia, April 2007. Department of Industry and Resources, Western Australia, page 14. http://www.dmp.wa.gov.au/documents/PWA_April_2007.pdf (last accessed 13 October 2010). JONASSON, K., 2010—[Web page] Petroleum exploration, production and development activity in Western Australia in 2009. Petroleum in Western Australia, April 2010. Department of Industry and Resources, Western Australia, page 12. http://www.dmp.wa.gov.au/documents/Petroleum_WA_April_2010.pdf (last accessed 14 October 2010). JONASSON, K. AND MACK, C., 2010—[Web page] Petroleum exploration, production and development activity in Western Australia-Highlights from January to June 2010. Petroleum in Western Australia, September 2010. Department of Industry and Resources, Western Australia, page 12. 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 18 of 21 http://www.dmp.wa.gov.au/documents/Petroleum_in_WA_magazine_09_10.p df (last accessed 14 October 2010). KENNARD, J.M. AND COLWELL, J.B., 2001—Line drawings of AGSO – Geoscience Australia’s regional seismic profiles, offshore northern and northwestern Australia. AGSO Record 2001/36, AGSOCAT 36353. KORN, B.E., TEAKLE, R.P., MAUGHAN, D.M. AND SIFFLEET, P.B., 2003— The Geryon, Orthrus, Maenad and Urania gas fields, Carnarvon Basin, Western Australia. The APPEA Journal, 43 (1), 285-301. 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.J. (eds), The Sedimentary Basins of Western Australia 3: Proceedings of the Petroleum Exploration Society of Australia Symposium, Perth, WA, 2002, 27–88. NICOLL R.S, G. BERNADEL, T. HASHIMOTO, A.T. JONES, A.P. KELMAN, J.M. KENNARD, S. LE POIDEVIN, D.J. MANTLE, N. ROLLET AND P.R. TEMPLE (2010) Northern Carnarvon Basin, Biozonation and Biostratigraphy, 2010, Chart 36. On CD: Basin Biozonation and Stratigraphy Charts, 2010. Geoscience Australia. NORVICK, M.S., 2002—Palaeogeographic Maps of the Northern Margins of the Australian Plate: Final Report. Unpublished report for Geoscience Australia. PETROLEUM GEO-SERVICES, 2009—[Web page] http://www.pgs.com/Data_Library/Asia-Pacific/Australia/New-Dawn-2D/ (last accessed 14 October 2010). PHILLIPS AUSTRALIAN OIL COMPANY, 1980a—Jupiter 1 Well Completion Report, unpublished. PHILLIPS AUSTRALIAN OIL COMPANY, 1980b—Mercury 1 Well Completion Report, unpublished. ROC OIL LTD, 2010—[Web page] Drilling Program. http://www.rocoil.com.au/Public/Activities/Drilling_Programme.aspx (last accessed 14 October 2010). SMALLWOOD, J.R., BANFIELD, J., COX, P., GRIFFIN, D., KUSUMANEGARA, Y., OWEN, P.B., PRESCOTT, E., SANTONI, S AND SMITH, J.G., 2010—Extending the Exmouth Plateau post-Callovian fairway: WA-390-P Phase I exploration. Extended abstract in APPEA 2010 conference proceedings. 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 19 of 21 STAGG, H.M.J., ALCOCK, M.B., BERNARDEL, G., MOORE, A.M.G., SYMONDS, P.A. AND EXON, N.F., 2004—Geological framework of the outer Exmouth Plateau and adjacent ocean basins. Geoscience Australia Record, 2004/13, unpublished. TAPOIL LTD, 2006—[Web page] Jacala 1 Exploration Well Update, March 2006. http://www.tapoil.com.au/investor-archive.aspx?ContentID=4591 (last accessed 13 October 2010). von RAD, U., EXON, N.F. AND HAQ, B.U., 1992a—Rift to drift history of the Wombat Plateau, northwest Australia: Triassic to Tertiary Leg 122 results. In von Rad, U., Haq, B.U., ET AL, Proceedings of Ocean Drilling Program, Initial Reports, 122. Ocean Drilling Program, College Station, Texas, 765-800. von RAD, U., HAQ, B.U., ET AL, 1992b—Proceedings of Ocean Drilling Program, Initial Reports, 122. Ocean Drilling Program, College Station, Texas, 934 pp. WALKER, T.R., 2007—Deepwater and frontier exploration in Australia – historical perspectives, present environment and likely future trends. The APPEA Journal 47(1), 15-38. WESTERNGECO, 2010a—[Web page] Keystone 3D. http://www.multiclient.westerngeco.com/Default.cfm?id=4970 (last accessed 14 October 2010). WESTERNGECO, 2010b—[Web page] Aragon 3D. http://www.multiclient.westerngeco.com/Default.cfm?id=4969 (last accessed 14 October 2010). WILLIAMSON, P.E., EXON, N.F., HAQ, B.U., AND von RAD, U., 1989—A North West Shelf Triassic Reef Play: results from ODP Leg 122. The APEA Journal, 29 (1), 328-344. WILLIAMSON, P.E. AND KROH, F., 2007—The role of amplitude versus offset technology in promoting offshore petroleum exploration in Australia. The APPEA Journal, 47 (1), 161-174. WOODSIDE, 2007a—[Web page] Woodside investor briefing 2007, Sydney, 15 November 2007; Sustaining growth and value presentations. http://www.woodside.com.au/NR/rdonlyres/7A7B410A-7F01-4A15-BB828A505B090078/0/ASX070aWoodsideInvestorBriefingSustainingGrowthandVa luePresentations.pdf (last accessed 14 October 2010). WOODSIDE, 2007b—[Web page] ASX announcement 21 November 2007, Belicoso well clarification. http://www.woodside.com.au/NR/rdonlyres/CD92F449-2274-4E68-AE0D7176198AA49F/0/BelicosaWellClarification.pdf (last accessed 14 October 2010). 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 20 of 21 WOODSIDE, 2009a—[Web page] Martell gas discovery update, 25 February 2009. http://www.woodside.com.au/NR/rdonlyres/ECC18A32-9C7A-497190C4-96FABA6306FE/0/MartellGasDiscoveryUpdate.pdf (last accessed 18 October 2010). WOODSIDE, 2009b—[Web page] Half year results briefing, 19 August 2009 http://www.woodside.com.au/NR/rdonlyres/783AD8C4-AF6D-4B23-9BA51A635FF82291/0/ASX0402009HalfYearResultsBriefingpresentationbyCEOan dCFO.pdf (last accessed 15 October 2010). WOODSIDE, 2010a—Gas discovery at Alaric, ASX Announcement, 16 August 2010 http://www.woodside.com.au/NR/rdonlyres/79013843-477641C0-B31B-920630672289/0/ASX036GasDiscoveryatAlaric.pdf (last accessed 9 November 2010). WOODSIDE, 2010b—[Web page] Pluto expansion – outer hubs encouraging, p34. Half year results briefing, 18 August 2009 http://www.woodside.com.au/NR/rdonlyres/0D78CDCE-626B-4547-9170DB0DF64AD818/0/ASX0422010HalfYearResultsBriefingSpeakerNotesandSli des.pdf (last accessed 18 October 2010). Front page image courtesy of Petroleum Geo-Services. 2011 Release of Australian Offshore Petroleum Exploration Areas Release Areas W11-12, W11-13 and W11-14, Exmouth Plateau, Northern Carnarvon Basin, Western Australia Release Area Geology Page 21 of 21