PROSPECTIVITY OF THE OFFSHORE SYDNEY BASIN: A NEW PERSPECTIVE

Approximately 40 per cent of the 52,000 km2 Sydney Basin lies in shallow waters (less than 200 m) off the central New South Wales coast. Containing more than 5,000 m of Permo-Triassic marine and non-marine sediments, and having been the subject of several previous exploration campaigns, no wells have been drilled in the offshore despite widespread numerous occurrences of oil and gas onshore.The Sydney Basin, together with the Bowen and Gunnedah basins, form a major longitudinal Permo-Triassic basinal complex stretching 2,500 km down the eastern margin of Australia. Whereas the onset of this basinal development may have been extensional, reinterpretation of seismic and other geophysical data highlight the potential role played in the early development of the Sydney Basin by easterly directed compression. A compressional style is to be contrasted with the dominantly extensional style interpreted by others for the adjacent onshore areas. The most conspicuous structural element in the offshore, the Offshore Uplift, is interpreted to represent the western overthrust edge of the Currarong Orogen. Accepting the Panthalassan margin geometry of Veevers and Powell (1994) it follows that the Offshore Uplift and restored Dampier Ridge would have constituted a 'greater Currarong Orogen'. A series of progressive westerly directed thrust fronts may have been established across the Panthalassan margin, including the uplifted western margin of the Currarong Orogen, which over-rode and created a thrust load onto the eastern margin of the Lachlan Fold Belt. Much of the Early Permian development of the Sydney Basin therefore could have resulted as a consequence of foreland loading. This is consistent with depositional trends including the overall westerly directed marine transgression which dominated the sedimentary record of the Early Permian. Alternatively, this marine transgression may represent the sag phase induced along a segment of the Bowen-Sydney rift system that had been offset by the Hunter River Transverse Zone from the Gunnedah Basin to a site coincident with the Offshore Syncline.Previous interpretations identified structural development of the Currarong Orogen as either a Cretaceous (Tasman Sea rift related) or Middle to Late Permian phenomena. Early Permian structural growth of the offshore Uplift has important implications for petroleum exploration. The major impediment to exploration appears to be the perception that the Sydney Basin lacks suitable reservoir targets and is gas-prone. Potential source and seal sequences occur extensively within both Early Permian marine shales and siltstones and Early and Late Permian coal measure sequences. The emerging uplift provided a major sediment provenance area and represented a barrier behind which restricted anoxic conditions flourished, conditions favouring the preservation of organic matter. Late Permian and Triassic sequences are absent across the crestal portions of the uplift. However, the emerging, sea-ward facing flank of the uplift would have been subject to marginal and shallow marine, wave-base, barrier and strand bar deposition during the Lower Permian, conditions known in the onshore to favour better reservoir development.Gas demand to the greater Sydney region is anticipated to exceed supply by the year 2000, and new gas markets are being eagerly sought in time for the expiration, in 2006, of the current contract under which gas is supplied to Sydney via the Moomba pipeline.Cretaceous, Tasman Sea rift related, structuring is subordinate to that of the earlier compressional and wrench related structuring. Several new structural targets have been added to the existing inventory of prospects and leads, including some now considered optiminally located with respect to source rock and reservoir development.