Neptune Energy completes seismic survey offshore Australia
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The 2900 km2 survey significantly expanded the area of seismic data Neptune holds and increased the quality and breadth of data.
Initial findings from the survey have been received with the remaining processed data due to be delivered later this year.
Internal analysis and interpretation of the acquired data will allow Neptune and its partners to plan for the future.
“The seismic survey was the first significant investment in this part of the Bonaparte basin in more than five years and it continues to present exciting future growth opportunities for Neptune offshore Australia. Our deeper understanding of the area also positions us well for the upcoming offshore petroleum exploration release later this year.”
The Polarcus Asima (pictured) carried out the survey which began towards the end of 2019.
Neptune, on behalf of the Petrel JV, entered into an exclusive data licensing agreement with Polarcus Asia Pacific Pte Ltd, which acquired the Petrelex 3D seismic survey.
Neptune holds 54% of the project and, alongside its partners Santos (40.25%) and Beach Energy (5.75%), invested in new broadband technology over an expanded area to enhance understanding of the potential resources Petrel holds.
Polarcus successfully secured approval for an Environmental Plan allowing acquisition of new 3D multi-client data to be acquired across the field.
Image courtesy of Neptune Energy
Read the article online at: https://www.oilfieldtechnology.com/exploration/21052020/neptune-energy-completes-seismic-survey-offshore-australia/
You might also like
Significant UK gas reserves used through flaring and venting
The UK has lost about 13 billion cubic metres (bcm) of indigenous gas reserves through flaring and venting over the past 10 years, exposing oil and gas operators to £2.6 billion in lost gas sales and £1 billion in Emissions Trading System (ETS) payments.
