Oil and Gas News

Strike awarded favourable Perth Basin block

gas deal

Strike Energy has been selected as the successful bidder for Perth Basin block L20-3 at the end of the WA petroleum acreage release 1 of 2020.

The L20-3 block is located at the southern edge of the prolific Perth Basin gas fairway, which has yielded more than 3 TCF of discoveries to date.

The block is flanked by gas discoveries, with the Permian Beharra Springs complex and West Erregulla field to the North, the Permian Woodada field to the West and the Ocean Hill Jurassic wet gas discovery to the East.

Strike managing director and chief executive officer Stuart Nicholls said the acreage is an acknowledgement of its developing position in Western Australia as a future domestic energy and fertiliser supplier.

“The addition of this block almost completes the connection of Strike’s acreage, making a contiguous land holding from North to South,” he said.

“This position in the Basin is adjacent to the North/South extensional faults which provide the primary route for hydrocarbon migration across the basins various plays.”

Nicholls added that the company looks forward to processing further interpretation and reprocessing of data over Eneabba Deep in the immediate future, which will support an initial estimation of potential resource size.

Eneabba Deep is the primary target within the L20-3 block and has the potential for stacked, Permian-aged reservoirs hosted in structural closure.

Strike reported that this is analogous to the structural tapping mechanism in place in the Beharras Springs area.

The company’s mapping indicates that the prospective fairway for thickened Permian reservoir sands, with porosity preservation at depth caused by syndepositional clay coatings on sands grains could extends as far South as Cadda terrace in the L20-3 block.

In addition, the block is situated between the Parmelia gas pipeline and the Dampier to Bunbury natural gas pipeline.