Downlands Oil and Gas Field: Surat Basin, Southeast Queensland
Location
2km North of the town of Surat, Southeast Queensland.
Basin
Surat
Area
PL 441 – 21.4 km2 ATP 471 (SG) -15.3 km2
Interest
PL 441; PPL 58 Bounty 100%
ATP 471 (Spring Grove) Bounty 24.748%
Operator
PL 441 – Bounty, ATP 471 – Origin Energy
Resource Reserve potential
1.6 MMbo
Background
Bounty acquired the 100% interest in Petroleum Lease (PL) 441, Downlands oil and gas field and associated production facilities and pipelines, which has shut in reserves and an oil leg which Bounty will move to develop. The Petroleum Lease is under renewal.
ATP 471P (SG) contains the Spring Grove oil discovery in the Tinowan Sands which could contain as much as 2 million barrels of oil in place.
Targets
The principal target in the Downlands field is the oil leg surrounding the shut in gas pool which has produced oil to surface from the Downlands 3 well. Once the Lease is renewed Bounty aims to undertake a production test from this well to evaluate the potential of the oil pool. The shut in gas field also has residual producible reserves which can be bought back online with a relatively small connection to a different gas pipeline.
Future Work
Progress with this operation is dependent on renewal of the Lease and negotiating additional land access issues.
