As titleholder on behalf of its joint venture participants, INPEX Browse E&P Pty Ltd. (INPEX) is proposing to drill an exploration well inexploration permit area WA-343-P, in the Browse Basin. The permit area is wholly within Commonwealth waters locatedapproximately 400 km north of Derby, Western Australia.The petroleum activity will consist of a pre-drilling site survey, and the drilling and evaluation of an exploration well, where waterdepths are approximately 350 m. Drilling will be conducted using a semi-submersible mobile offshore drilling unit (MODU).The pre-drilling site survey is expected to commence in the second half of 2019, with drilling scheduled to commence in the first halfof 2020; however, the start date is subject to MODU availability, operational efficiencies, weather and analysis of geophysical datacollected during the pre-drill site survey.