Chevron granted four retention leases offshore WA

CHEVRON Australia has been granted four new retention leases offshore Western Australia by the National Offshore Petroleum Titles Administrator.
Chevron granted four retention leases offshore WA Chevron granted four retention leases offshore WA Chevron granted four retention leases offshore WA Chevron granted four retention leases offshore WA Chevron granted four retention leases offshore WA

File photo: Chevron assets located in Australian waters

Chevron has been awarded WA-95-R, WA-96-R, WA-97-R, and WA-98-R. 

The blocks sit adjacent Woodside Energy's Scarborough block WA-61-L in title WA-1-R; which is a block of some 724.62sq.km and comprises key acreage for Woodside's Scarborough project. 

WA-98-R straddles the northern border of an exploration block owned by a Perth-based subsidiary of the Kuwait Foreign Petroleum Exploration Company (KUFPEC).

In chronological order, the leases cover the following fields: Arnhem, Kentish Knock South, Lympstone, and, Royal Oak.  

WA-95-R is on title WA-364 P, while WA-96-R and WA-97-R both sit on title WA-365-P. 

WA-98-R, meanwhile, sits in title WA-367-P. 

Collectively, the four leases cover an area of 643.2sq.km. All four of the fields are oilfields, and all are northwest off the Western Australian coast some 250 kilometres north of Exmouth within a relatively proximate distance to the other. 

WA-96-R also sits relatively nearby an exploration permit jointly held by Woodside and BHP, WA-62-L.

All leases are for five year terms, expiring 18 November 2026. There is no requirement for a well to be developed in any of the leases.