Advent Plans Sydney Basin Shoot in Q3

Advent Energy has submitted an environment plan (EP) to the National Offshore Petroleum Safety and Environment Management Authority (NOPSEMA) for the planned 2D seismic survey in PEP 11, offshore .

Advent assumed operatorship of PEP11 in 2008. Through its wholly owned subsidiary, Asset Energy, the company holds interest of 85% in PEP 11, while Bounty Oil and Gas holds the remaining 15%.

The EP, submitted by Asset Energy, is the critical documentation necessary to be submitted to NOPSEMA to allow the seismic survey to proceed in PEP 11.

Time frames to approval for seismic surveys averaged 125 days in 2016. However, through the noise modelling and stakeholder consultation undertaken to date, Asset Energy is said to be confident that its proposed seismic survey is of very low impact compared to other seismic surveys considered by NOPSEMA, and therefore optimistic that a shorter time frame to approval will be achieved.

Asset Energy is anticipating to start its seismic campaign during third quarter 2017. It is expected that campaign will run for three to four days, and take place predominantly approximately 30 kilometers south east of Newcastle.

The survey will acquire 2D seismic data over the Baleen prospect, and will evaluate (amongst other things) shallow geohazard indications including shallow gas accumulations that can affect future potential drilling operations.

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