Australia: MEO Wraps Up Floyd 3D Seismic

Australia: MEO Wraps Up Floyd 3D Seismic

MEO Australia Limited advises that the S/R Veritas Viking II completed acquisition of the Floyd 3D seismic survey in WA-454-P in the Joseph Bonaparte Gulf region of the Timor Sea (Petrel sub-basin) at 16:31  (WST) on 27 th February 2012.

A total of 601 km 2 of full fold data was recorded. The survey will now be processed and is expected to be available for interpretation in late 2Q-2012.

MEO’s CEO and MD Jürgen Hendrich, commented on the announcement: “The conclusion of this survey brings to a close the most significant investment in 3D seismic in MEO’s history. We have held this permit for barely 8 months and our  initial assessment provided sufficient encouragement to accelerate an investment in the Floyd 3D seismic survey. This survey covers the Marina gas and liquids discovery, the nearby Breakwater prospect and two additional leads. The acquisition,  rocessing and interpretation of modern, high quality, 3D seismic data is a key demonstration of MEO’s strategy to add technical value ahead of seeking a partner to fund drilling.

When the final processed data arrives in house late next quarter, we will refine our volumetric assessment of the Marina gas and liquids discovery and mature the Breakwater prospect to drillable status. This work is a pre-requisite to attracting a funding partner.”

Source: Meo Australia, February 28, 2012

 

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2020 >>
MTWTFSS
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 30 1 2 3

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply