EXPLORATION

Big new oil likely in the Bremer: Geoscience Australia

GEOSCIENCE Australia has already identified two large areas for exploration off the coast of Alba...

Big new oil likely in the Bremer: Geoscience Australia

“The Bremer Sub-basin is a frontier depocentre and one of a series of Mesozoic extensional basins along Australia’s southern margin,” Geoscience researcher Chris Nicholson told a seminar at the APPEA conference on the Gold Coast last week.

“To date, seismic has been sparse. As part of the Big New Oil program, an integrated basin analysis was undertaken based on newly acquired seismic and dredge rock samples.”

Geoscience Australia says the Bremer has the right geological conditions for generating and trapping oil and gas, and it offers several potentially huge hydrocarbon traps of 100 million or more barrels.

But it is a deepwater basin and many of the larger potential deposits were at the bottom of 2000-4000m deep canyons.

With exploration at such depths being risky and expensive, finds must be huge to justify the cost.

Geoscience Australia is offering the industry seismic data, as well as geological sampling and oil seep detection information from several Australian frontier basins, including the Bremer, Mentelle, Vlaming and Arafura basins.

The agency said initial seismic results and dredging in the Bremer showed similar potential for oil and gas fields as the Bass Strait.

APPEA 2006 Conference news is proudly brought to you by

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry