Monday 10 February 2020

The Ministry of Energy and Water Resources has issued offshore exploration licences, for the Carlisle Bay and Bimshire blocks, to BHP Petroleum.

BHP will now commence the first three-year licence phase, which includes conducting 2D seismic surveys on the two exploration blocks. With favourable results, BHP may enter an optional second phase, of three years, to perform 3D seismic surveys and other geological studies, followed by an optional third phase of two years, to drill at least one exploration well in each block

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