3D Oil Gets Permit Near Thylacine Gas Field in Tasmania

3D Oil has been awarded a new exploration permit, T/49P in the offshore Otway Basin of Tasmania, under the 2012 Australian Offshore Gazettal round.

The permit covers an area of 4,960 km2 in water depths and lies adjacent to the Thylacine and Geographe gas fields which have a combined gas in place (GIP) of over 2 TCF while the former is the largest gas discovery in the Otway Basin.

It is the intention of the company to seek a farm-in partner to the permit, the company said.

“The evaluation of T/49P undertaken included a review of the existing seismic data and a full petroleum systems analysis. A number of strong leads were identified with combined GIP estimate of over 5 TCF. A petroleum system is interpreted active within and proven adjacent to T/49P,” the company added.