Polarcus Wraps Up Beehive Shoot

The Beehive 3D seismic survey offshore Australia has been completed safely and without incident, Melbana Energy said on Tuesday.

The survey was acquired by Polarcus using its vessel Polarcus Naila.

During the planning of the Beehive 3D Seismic Survey, a new lead was identified and the survey area was extended by approximately 100km2 (~16%) to provide coverage over the newly identified lead (Egret) that is partially within the boundary of WA-488-P.

The extension of the survey area is within the approved scope and operational envelope of the Beehive 3D seismic survey.

The survey, including the extension over the Egret lead, is fully funded by Santos and Total.

Melbana’s CEO, Robert Zammit, said: “I am pleased that the 3D survey over Beehive has been concluded safely and without incident and congratulate all involved in achieving this result. Beehive is a new play type in this basin and has recently been assessed by Independent Expert McDaniel & Associates (Canada) to contain prospective resources of up to 1.6 billion barrels of oil equivalent, which provides an exciting value creation opportunity for Melbana’s shareholders. We look forward to reviewing the data obtained in conjunction with Santos and Total in due course and to notification of their position regarding exercising their options to fully fund the first exploration well.”

Share this article

Follow Subsea World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 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

OFFSHORE TECHNOLOGY CONFERENCE (OTC2020)

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance…

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >

OTC ASIA 2020

The Offshore Technology Conference Asia (OTC Asia) is where energy professionals meet to exchange…

read more >

Shallow and Deepwater Mexico Exhibition and Conference

Shallow and Deepwater Mexico, an offshore oil and gas exhibition and conference is the key center for the international offshore oil and gas community in Mexico. 

read more >