The 585 square kilometre permit is in shallow water and contains multiple attractive leads in the same proven oil producing basin that contains the Talbot, Jabiru and Cassini/Challis oil fields.
“The Eagle Project is another demonstration of our teams’ ability to acquire oil prone exploration permits within proven petroleum systems,”? said Carnarvon Managing Director Adrian Cook.
“This is Carnarvon’s second permit within the Vulcan Sub-basin, adjacent to the Skua and Cassini/Challis oil fields.
“Given the shallow water depths, jack-up drilling is possible, meaning a potential for lower cost drilling and field developments in the permit.
“I look forward to seeing the next phase of our team’s technical work and having the prospects within the Eagle Project matured to drillable status.”?
Carnarvon aims to mature the identified leads to prospects within the block, with a number of geoscience work-flows as part of the work program, including a satellite seep survey, petrophysical reviews, burial modelling, fault seal analysis, rock physics analysis and seismic inversion.
There is also potential for secondary plays in the shallower, Late Cretaceous stratigraphy that will be the focus of ongoing technical evaluations.