Origin geophysicist Wayne Mogg said at the Petroleum Exploration Society of Australia 2013 Deal Day in Brisbane, Queensland on Sunday that the pair was “prepared to consider offers, or people coming in to take equity passes as low as 10%” for Block PEP 38264 containing the deep-water Carrack-Caravel prospect.

Carrack-Caravel lies in 1105 metres of water and has the potential to hold a recoverable resource of 500 million barrels of oil equivalent, according to Origin.

Anadarko