Melbana Energy introduced that the 3D seismic survey over its Beehive prospect has been accomplished safely and with out incident. The survey was prolonged by an extra 15% to cowl a newly recognized lead referred to as Egret. This new lead is partially throughout the boundary of WA-488-P, and the extension falls throughout the accredited scope and operational envelope of the survey.
Encouragingly, the Beehive 3D Seismic Survey offers potential for additional de-risking of the prospect and facilitates consideration of a most popular location for the Beehive-1 exploration effectively.
The Beehive 3D Seismic Survey has been operated by Australian pure fuel firm, Santos, and is absolutely funded by Santos along with French main, Total (together with the extension over the Egret lead).
The survey acquisition space spanned some 600 sq. kilometres, with a bigger operational space round it to permit for vessel turns and testing of kit. The operational space is positioned within the Joseph Bonaparte Gulf, roughly 225 kilometres west-southwest from Darwin, 65 kilometres from the closest land at Cape Domett in WA, and 60 kilometres from Yelcher Beach within the NT.
Geologically talking, the Beehive prospect is a Carboniferous age 180 sq. kilometre remoted carbonate construct up with 400 metres of mapped vertical reduction, analogous to the large Tengiz area within the Caspian Basin. This play kind is new and undrilled within the Bonaparte Basin, with no wells having been drilled to this depth therein.
Melbana does nonetheless have work to do right here, so traders ought to search skilled monetary recommendation if contemplating this inventory for his or her portfolio.
Promisingly, Beehive is positioned near a number of present services, together with the Ichthys mission and Blacktip area and pipeline, providing a number of choices for future fuel monetisation. (Source: Melbana)
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