Seismic survey specialist Polarcus has informed it has completed the largest single 3D seismic survey ever acquired offshore Australia.
According to the company, the Capreolus 3D seismic survey was completed ahead of schedule after an 11-month acquisition campaign.
This basin-wide broadband 3D seismic survey covers two underexplored hydrocarbon provinces with largely untested oil plays in the Beagle sub-basin and the Bedout sub-basin, including the recent Phoenix South oil discovery.
Polarcus says that the discovery well opens up the potential for a new oil province across an area historically only considered prospective for gas, with the oils derived from a Lower Triassic source interval clearly imaged on the new seismic. Several leads and prospects have been identified for multi-phase drilling programs to be undertaken over the next two years, starting with the Roc-1 well in November 2015.
Stephen Doyle, SVP Multi-Client, Polarcus said: “This is a milestone achievement for Polarcus completing its first multi-client survey in Australia, with high prefunding supported by eight oil companies. The resulting high fold broadband 3D data has delivered a step change in data quality and has the potential to help the industry find many more large oil discoveries in this underexplored frontier.”
The data is currently being processed through to pre-stack depth migration by DownUnder GeoSolutions (“DUG”) in Perth, Australia, with final data products to be delivered in H1 2016.