MEO Australia Completes Assessment of Beehive Prospect

MEO Australia Limited has completed its assessment of the Beehive prospective resource estimates in its recently awarded, 100% owned WA-488-P.

The estimated prospective recoverable resources for the two objectives in the Beehive prospect:

1

MEO’s CEO and MD Jürgen Hendrich commented on the announcement:

“The Beehive prospect is a giant prospect in the true sense of that term as it is understood by industry. Nearby oil discoveries at Turtle & Barnett prove the occurrence of oil in the area. Oil is also indicated, although not proven, in the Marina discovery in MEO’s nearby WA-454-P permit.

“While the Carboniferous and Ordovician plays identified at Beehive have not yet been drilled in the Petrel sub-basin, there are giant oil field analogues in similar aged rocks elsewhere in the world.

“More locally, the recent Ungani-1 oil discovery in the Canning basin intersected the equivalent of the upper objective and flowed 1,600 bopd. This discovery provided the inspiration for MEO’s exploration team to seek out this new play type in a more material sized structure.

“It is rare to have unearthed a prospect of this size in one horizon. To have two stacked objectives each with a material size is extraordinary. The identification and development of this prospect is a testament to the calibre of our exploration team.”

WA-488-P is located in the Petrel Sub-basin between the producing Blacktip gas field and the undeveloped Turtle and Barnett oil discoveries. WA-488-P has an area of 4,074 km2 and was recently awarded to MEO (100%) for an intial 6 year term.

Press Release, July 15, 2013

 

Share this article

Follow Offshore Energy Today

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 Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

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 >

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