JPDA 06-103

JPDA 06-103 is located near the producing oil & gas fields at Laminaria, Coralina, EKKN and Bayu-Undan. Exploration targets in the PSC include Jurassic and older Permian structures. Most potential targets are less than 3,500 metres sub-sea.

Good 2D and 3D seismic coverage exists across much of the area. Water depths are generally 130 metres or deeper.

Oilex will undertake a heavy work program of seismic acquisition, both 2D and 3D, and using the results from this seismic data will drill 4 exploration wells in the first 3 years of the PSC.