Carnarvon Petroleum Ltd ('Carnarvon') is pleased to announce the award of Petroleum Exploration Permit EP-491 (bid block L11-7) on the eastern flank of the prolific oil producing Barrow Sub basin. Carnarvon is Operator and 100% working interest holder in this block with a total area of around 1,450 km2.
Numerous oil and gas fields are present to the north and west of the block, including the significant hydrocarbon accumulations in the Harriet area, reservoired within the highly productive Flag Sandstone. Cumulative production from the Harriet fields has exceeded 100 million bbls of oil and condensate and 175 bcf of natural gas. Extensive infrastructure exists within the Harriet area, including oil and gas processing facilities on Varanus Island operated by