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Santos Strengthens Australia Position with Beehive 3D Seismic Survey Agreement

Source: www.gulfoilandgas.com 12/12/2017, Location: Not categorized

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Santos entered into an agreement to partially fund and operate a 3D seismic survey over the exciting, undrilled Beehive prospect, earning the company a farm-in option for WA-488-P in the Bonaparte Basin offshore Western Australia.

The option will be acquired from Melbourne-based Melbana Energy.

WA-488-P is located adjacent to Blacktip production infrastructure and within reach of Ichthys infrastructure, providing good potential pathways for early commercialisation of any discovery.

Funding and execution of the 3D seismic survey over Beehive will give Santos the right to earn up to an 80% interest in WA-488-P through the subsequent funding and completion of an exploration well.

Santos Executive Vice President Exploration & Appraisal Bill Ovenden said the transaction puts the company in a good position to boost its strategic acreage position in offshore Northern Australia.

“The Beehive prospect is a large undrilled structure with great hydrocarbon-bearing potential and, being immediately adjacent to the Blacktip facilities and within reach of Ichthys infrastructure, a commercial discovery could be quickly delivered to market,” he said.

“This option adds to our diverse portfolio of core production, appraisal and exploration assets in Northern Australia, including our foundation interest in Darwin LNG and the Barossa field which is the leading candidate to backfill Darwin LNG as Bayu-Undan comes off plateau in the next few years.”

Seismic survey News in Australia >>

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Australia >>  4/17/2018 - MEC Resources has provided an update on the PEP11 2D seismic exploration survey offshore New South Wales. The Company’s investee Advent Energy holds a...

United Arab Emirates >>  4/16/2018 - Seabed Geosolutions has received a contract award for an ocean bottom seismic project in the Middle East. The survey to acquire high quality 3D seismi...
United States >>  4/12/2018 - TGS further expands its 2018 onshore seismic activity with the announcement of the Gloss Mountain 3D seismic survey. Gloss Mountain is a significant a...

Australia >>  4/11/2018 - Melbana has engaged Santos to perform operational services in connection with a 3D seismic survey data over the Beehive prospect in the Bonaparte Gulf...
Norway >>  4/11/2018 - TGS announces an expansion of its Atlantic Margin multi-client program in the Norwegian Sea. The new AM18 3D Extension, will comprise 5,135 km˛ of 3D ...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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