New exploration opportunities along Australia's southern margin

Abstract

The 2012 Australian offshore acreage release includes exploration areas in four southern margin basins. Three large Release Areas in the frontier Ceduna Sub-basin lie adjacent to four exploration permits granted in 2011. The petroleum prospectivity of the Ceduna Sub-basin is controlled by the distribution of Upper Cretaceous marine and deltaic facies and a structural framework established by Cenomanian growth faulting. These Release Areas offer a range of plays charged by Cretaceous marine and coaly source rocks and Jurassic lacustrine sediments.

In the westernmost part of the gas-producing Otway Basin, a large Release Area offers numerous opportunities to test existing and new play concepts in underexplored areas beyond the continental shelf. Gas and oil shows in the eastern part of the Release Area confirm the presence of at least two working petroleum systems. In the eastern Otway Basin, several Release Areas are offered in shallow water on the eastern flank of the highly prospective Shipwreck Trough and provide untested targets along the eastern basin margin southward into Tasmanian waters.

To the south, a large Release Area in the frontier Sorell Basin provides the opportunity to explore a range of untested targets in depocentres that formed along the western Tasmanian transform continental margin.

Two Release Areas offer exploration potential in the under-explored eastern deepwater part of the Gippsland Basin. Geological control is provided by several successful wells indicating the presence of both gas and liquids in the northern area, while the southern area represents the remaining frontier of the basin