Australia: WHL Energy Inks Contract with CGG for La Bella 3D Seismic Survey

Australia WHL Energy Inks Contract with CGG for La Bella 3D Seismic Survey

Australian energy company WHL Energy Limited (“WHL Energy” or “the Company”) announces that it has signed a contract with CGG Services SA for the acquisition of the La Bella 3D seismic survey. The survey will utilise CGGs’ Viking II vessel to acquire data with state-of-the-art BroadseisTM broad band seismic acquisition technology.

The survey will commence in mid-November and take approximately one month. An initial processed data volume is expected to be available in mid-February 2014, with the final processed volume targeted for completion in May 2014. The survey area is located approximately 35 kilometres off the coast of Port Campbell in the Otway Basin, offshore Victoria.

WHL Energy will operate the survey on behalf of the VIC/P67 Joint Venture which consists of WHL Energy 40% and AWE 60%. AWE will fund 75% the costs of the acquisition and processing for the 3D seismic survey up to a cost of US$12m (US$9m being AWE’s share) to earn 60% equity, after which each Joint Venture partner will pay its equity share. TAP Oil will pay for 20% of the cost of the La Bella 3D seismic survey, up to a total of US$2.95m to have the option to acquire 10% equity in Vic/P67.

Managing Director David Rowbottam said: “WHL Energy is pleased to have finalised the contracting of a seismic vessel for the La Bella 3D seismic survey and look forward to receiving the data. The data from the 3D survey will assist with confirmation and definition of the La Bella gas and condensate resource and progress the development planning and commercialisation of the resource.”

“The survey will also further define several exploration targets in the La Bella area that will be considered for drilling in early 2015. The acquisition of this seismic survey is an important milestone in the La Bella project timeline as the Company and Joint Venture continues to work towards bringing the project to commercial fruition.”

Press Release, October 09, 2013; Image: CGG

 

 

Share this article

Follow Subsea World News

Events>

<< Feb 2016 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 1 2 3 4 5 6

Oceanology International 2016

Oceanology International is held in London every two years. In its 46th edition, it has firmly established itself as the world leading marine…

read more >

The 16th North Sea Decommissioning Conference

The 2016-programme has been composed to shed light on the effect of the current low oil-price environment on the decommissioning market…

read more >

Substructures for UK Offshore Wind

Design, construction and installation

Optimising offshore substructures is one of the key challenges for reducing LCOE. Foundation designers have produced a variety of different solutions: monopiles, GBS, jackets, suction buckets and floating foundations. Looking at U.K. projects – different soils, water depths,fabrication timelines and installation challengescreate many questions for the industry to solve. We’re entering uncharted territory; projects arelarger, farther and more complex than ever completed.

Now is the time to have a close look at lessons learnt and define the room for improvement for the U.K. wind industry.

More Info

read more >

AOG 2016

AOG is well established as the premier networking forum for oil and gas industry professionals to meet face-to-face with decision-making…

read more >