Australia's Roc Discovery Estimate to Contain 372 Bcf of Gas

Platts reported that the Roc discovery in Western Australia’s Canning Basin is estimated to hold 372 Bcf of gas and 18 million barrels of condensate. Carnarvon Petroleum, which owns 20 percent of the deposit, said that the discovery is being eyed for development.
As quoted in the press release:

The field contains additional prospective resources of 328 Bcf of gas and 16 million barrels of condensate, at the high estimate, according to assessment of results from the Roc-1 well.
Roc-1 was drilled as a follow-up to the Phoenix South oil discovery, made in late 2014 and hailed at the time as opening up a new offshore petroleum province.
Carnarvon holds 20% of the Phoenix permit, which is operated and 40% owned by Quadrant Energy, 20% by Japan’s JX Nippon and 20% by Finder Exploration.

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