Highly Prospective – Multiple Plays
100% Finder & Operator
Surface area: ~2,505km²
Water depth: 5-600m
Exploration Permit AC/P 44 was awarded to Finder in April 2008. The Permit is located along the boundary of the Ashmore Platform in the Territory of Ashmore and Cartier Islands and the highly prospective Browse Basin, ~275km off the coast of north-western Australia. The area lies approximately 120km north of the giant Gorgonichthys-Brewster gas field.
Northern Browse Basin fast tracked portfolio
Finder is offering a direct and “fast-tracked portfolio” of Northern Browse Basin exploration acreage with over 40 identified prospects and leads. Over a five (5) year period Finder has acquired and built this significant (~10,600 km²) acreage footprint and a unique opportunity exists for a company to acquire a majority operated interest to build on the Finder regional work with “no firm” drilling commitments. Please click here to review the farmout flyer, or here for a more detailed presentation on the opportunity.
- Significant identified prospectivity: three structural prospects identified within the Permit with multiple reservoir target levels. Omega is the standout prospect with interpreted DHI support in the shallower Miocene clastics with significant and material follow-up in the Gamma and Eta prospects;
- Omega - High reward opportunity: Jurassic clastics target with areal extent in excess of 100 km² with 340 metres closure height. Omega has an unrisked gas-in-place highside resource estimate of ~4 TCF or an unrisked oil-in-place highside resource estimate of ~140 mmbbls at ~2,700 metres sub-sea in 190 to 260 metres water depth;
- Drill Ready: ~731 km² of multi-client pSDM 3D seismic data has confirmed the Omega prospect as the standout “drill-ready” prospect with low structural risk. No significant drilling issues (ie “Browse over-pressure”) are anticipated;
- Regional context: detailed geologic assessment based on a sequence stratigraphic framework and post well analyses provides rationale for charge, seal adequacy and reservoir for Omega, Gamma and Eta; and
- Indications of hydrocarbon charge: direct indications (seeps, pockmarks, HRDZs and potential DHIs) plus indirect indicators (FIS anomalies in nearby wells) suggest hydrocarbon charge.
pSTM and pSDM dip line (with pSDM velocities) from the Tiffany multi-client 3Dseismic dataset showing the Omega Prospect(approximate line location shown in visualisation).
3D pSDM depth visualisation of the near top reservoir (JK) from the Tiffany MC3D showing the Omega prospectplus Gamma and Eta follow-up prospects.
Geology of the northern Browse Basin
The current form of the Browse Basin is the result of multiple periods of extension, subsidence and minor compression, associated with the fragmentation of eastern Gondwana followed by compression in the uppermost Miocene. This is a proven hydrocarbon Basin, delivering both oil and gas discoveries. Refer to the schematic cross section below for a generalisation of the key play concepts.
Generalised cross section through the northern Browse Basin showing the main play concepts.