The inboard areas of the Otway Basin, particularly the Shipwreck Trough, are well explored and a petroleum-producing province. However, outboard in water depths greater than 500m, the basin is underexplored with distant well control and sparse 2D reflection seismic data coverage. The presence of a successful petroleum province onshore and in shallow waters raises the question as to whether these plays may extend further outboard into the deep-water areas. In the deep-water area, structural complexity and poor imaging of events in the legacy seismic data have resulted in interpretation uncertainty and consequentially a high-risk profile for explorers. The 2020 Otway Basin seismic program acquired over 7000-line km of 2D reflection seismic data across the deep-water Otway Basin. In addition, over 10000km of legacy 2D seismic data were reprocessed to improve the tie between the inboard wells and the new seismic grid. This new dataset provides the first clear insight into the structural and stratigraphic framework of this frontier area, including better imaging of the sedimentary section and the lower crust, increased structural resolution and improved calibration of the outboard seismic reflectors via ties to the inboard wells. Interpretation of the new data has led to an improved assessment of the structural elements and the extension of regional supersequences into the deep-water areas. These refinements have been used as input into petroleum systems modelling work and will provide a foundation for future work to understand petroleum prospectivity, including the distribution of source, reservoir and seal facies.

The Otway Basin is a broadly northwest–southeast trending basin and forms part of a rift system that developed along Australia’s southern margin. It represents an established hydrocarbon province with mostly onshore and shallow-water offshore discoveries. However, the outboard deep-water Otway Basin, with water depths up to 6300m, is comparatively underexplored and can be considered a frontier area. Following the completion of a basin-wide seismic depth-imaging program (Part 1) and insights from the revised seismic interpretation (Part 2), we have developed a comprehensive petroleum system modelling (PSM) study by integrating these data and findings (Part 3). Together, the studies have resulted in an improved understanding of the hydrocarbon prospectivity of the deep-water areas of the basin. Given the sparsity of data outboard, almost all legacy PSM studies have been focused either on the onshore or shallow-water areas of the basin and primarily on their thick Lower Cretaceous depocentres. The limitations of legacy seismic datasets resulted in a high degree of uncertainty in the derivative interpretations used as input into PSM studies. In addition, the paucity and poor quality of data in the deep-water area reduced confidence in the understanding of the basin evolution and spatial distribution of depositional environments through time. The newly acquired 2D seismic survey and reprocessed legacy data, with calibration via several wells across the basin, have improved confidence in our understanding of the tectonostratigraphic evolution of the basin (Part 2). The study presented herein integrates products from the work in Part 2 into a petroleum system model with the primary objective being to better understand the petroleum systems across the deep-water Otway Basin.

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