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Northbridge Industrial Services Plc

WA petroleum acreage up for grabs

The Western Australia Government has announced the latest petroleum acreage releases that are available for bidding, with blocks released in the Northern Carnarvon and Perth Basins.

Three areas in the Northern Carnarvon and Perth Basins have been gazetted. There are 41 blocks available in Northern Carnarvon, while the Perth Basin has four blocks offered.

As competing bids will be compared based on applicants’ work programs, details such as the target formation of wells, achievability of work programs and applicant’s technical and financial ability to undertake the work, will contribute to each applicant’s success.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.