Resources Evaluation of Dorado Discovery

Technical Study

Australasia

Offshore

Carnarvon Energy holds a 20% interest in the permit WA-437-P offshore Northwest Australia containing the Dorado Discovery. Carnarvon requires reporting of its resources in Dorado.

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Problem:

ERCE was asked by Carnarvon Energy to perform an independent technical review of the Dorado resource following the Dorado-2 appraisal well in 2019 which encountered hydrocarbon bearing reservoirs also encountered by Well Dorado-1.

Solution:

ERCE evaluated Contingent Resources of Dorado. ERCE has identified remaining key contingencies required to be addressed prior to the recoverable volumes at Dorado being classified as Reserves. These include the planned Dorado-3 appraisal well.

Benefit:

ERCE has an extensive experience in independent technical studies in Australia. ERCE also has an expertise in reporting according to international standards such as the SPE PRMS for classification of Resources.