Production Licence (PPL 221) - Padulla Oil Field (Bass 100%)

Discovered in 2005, the Padulla Oilfield has cumulatively produced 0.52 million barrels of oil and is currently producing over 30 barrels of oil per day. As of 31 December 2024, the Padulla oil field has 2P remaining reserves of 0.066 million barrels of oil, with a current production rate of 30 barrels of oil per day. The field also contains 2C contingent resources of 0.063 million barrels of oil, primarily in late life tail production which is marginally uneconomic under current assumptions.