Sasol Petroleum Australia farms into Browse basin permit
Jan. 13, 2010
Sasol Petroleum Australia has signed a farm-in agreement with Finder Exploration to earn a 45% interest in exploration permit AC/P 52 in the Browse basin.
Offshore staff
PERTH, Australia -- Sasol Petroleum Australia has signed a farm-in agreement with Finder Exploration to earn a 45% interest in exploration permit AC/P 52 in the Browse basin.
In 2010, the companies will acquire and interpret 500 sq km (193 sq mi) of 3D data over the permit area in order to mature a drill-ready target.
“We are very encouraged and excited to be joining forces with Sasol in AC/P 52,” says Jan Ostby, Finder's MD. “To date we have identified several key prospects and leads, including the large multi-tcf size ‘Cronus’ gas prospect, and we are pleased that Sasol has chosen to join us and recognizes the prospectivity of this exploration acreage.”
