Australia

Perenco holds a 60% interest in, and operates, exploration permit T/32P and holds a 37,5% interest in T/35P operated by Santos in partnership with Mitsui.

These permits are located in the offshore Sorell basin in South-East Australia, which is an extension of the producing Otway basin. They have a combined area of over 13,000 km2, with water depths ranging from 50m to 3,000m. They offer a range of play types, prospects and leads, some of which are analogous to the Thylacine and Geographe fields in the Otway basin.

Perenco also holds a 33% interest in AC/P45 and 40% in AC/P44 in the Browse basin of the NW shelf with the remainder held by Finder Exploration, who retain operatorship.

These blocks are highly prospective and are in an active exploration area where there have been several recent oil discoveries. There are a number of producing oil fields nearby and there have also been several multi-TCF gas discoveries.

AC/P44 and AC/P45 have a combined area of 5,000 km2, in water depths of 50-600m. The Permits have several prospects and leads over multiple play levels, with both oil and gas potential. 3D seismic data acquisition is planned for 2010, which will help define the structures and progress the prospects to drillable status.