Within the project is the Belgravia prospect, containing an estimated recoverable 440 billion cubic feet of gas (Bcf) and 18 million barrels (Mmbbls) of condensate (gross Pmean).
Adrian Cook, managing director for Carnarvon, commented:
"Carnarvon’s technical team have been comprehensively mapping opportunities at the Triassic interval across the North West Shelf following the successful exploration results in the Phoenix project at the same interval.
"The Belgravia prospect has been assessed as containing a large Triassic level trap similar to the Woodside operated Swell prospect.
"A positive Swell-1 well result would produce a relevant analogue for the Belgravia prospect and the expected timing of the result this year could contribute to the value of Carnarvon’s broadening prospect portfolio."
Outtrim also contains Carnarvon’s 2016 Outtrim East oil discovery.