The decision comes after the Red Hill South-1 well, drilled by Norwest subsidiary Westranch Holdings and India’s Bharat PetroResources in March 2011, was plugged and abandoned after producing hydrocarbon levels deemed too small to be viable.
Norwest said it continued to see potential in the permit, committing to carrying out technical studies, acquiring 15 kilometres of seismic data and drilling one exploration well during the five year licence.
The
