CHEVRON Australia has been awarded a renewal of its WA 268 P permit area in the North West Shelf, offshore Exmouth, together with project partners Shell and ExxonMobil.

The 144,700 hectare Chevron basin permit area was renewed for five years, through to 2021, after it was first granted in 1997.

To retain the permit, Chevron and its project partners have committed to the pre-stack depth reprocessing of 480 square kilometres of seismic data, as well as seismic inversion and geological and geophysical studies including detailed mapping, interpretation and prospectivity analysis.

Chevron must also conduct a 400 square kilometre 3D seismic survey using new broadband or other technology by 4 May 2020 under the permit.

The permit area was the site of Chevron’s Elfin 1 exploration discovery in 2013, located about 170 kilometres north west of Barrow Island.

Chevron holds a 50 per cent stake in the permit, with its partners holding 25% each.