Finder Exploration Farms Out Carnarvon Permit to Woodside

Perth-based Finder Exploration has agreed to farm out 90% of its participating interest in the exploration permit WA-520-P in the Northern Carnarvon Basin, directly south of the Gorgon and Clio major gas fields, to Woodside, it said September 1.

“We are now looking forward to working with Woodside on the new Isometrix Exmouth MC3D seismic data acquired earlier in the year with processing expected to be finished in May 2018. The Permit is ideally located amongst some of the largest gas discoveries on the North West Shelf and this transaction is another step towards becoming a leading explorer in the region,” Finder CEO, Shane Westlake, said

Finder is planning significant activities over the next two years, including five high impact exploration wells with the potential to transform itself into a diversified E&P company. The participating interests in the Permit will be: Finder 10%; Woodside Energy (Operator) 90%.

Shardul Sharma