Apache Northwest has proposed to the Joint Venture to start drilling the first exploration well in WA-388-P offshore Western Australia in April 2011. The well will target the La Rocca prospect in the Intra Mungaroo channel zone. The well had been scheduled to start drilling as early as mid-February but has been delayed due to significant cyclone activity in the North West Shelf area during the first quarter of 2011.
The WA-388-P permit is located north of the Pluto, Wheatstone, Gorgon and North West Shelf Project fields, offshore Western Australia. The WA-388-P permit contains a portfolio of play types and seven prospects have been identified ranging in potential size from 0.3 to 2.8 trillion cubic feet (TCF) of prospective gas resource (recoverable best estimate, 100% basis). Seismic amplitude anomalies evident in the 3D seismic data are likely Direct Hydrocarbon Indicators, suggesting the presence of gas by analogy with nearby fields and discoveries.
Apache serves as the operator of the block with 40 percent interest. Project partners include Oilex with 8.4 percent, Sasol with 18 percent, Videocon Industries with 8.4 percent, Gujarat State Petroleum Corp. with 8.4 percent, Bharat PetroResources with 8.4 percent and Hindustan Petroleum with 8.4 percent.