WA-488-P contains the giant Beehive prospect – a carbonate build up that has been independently assessed to have a prospective resource of 388 million boe (best estimate). A 3D seismic survey has been completed over the prospect and considerable progress has been made on planning and permitting for an exploration well.
Melbana Energy’s Executive Chairman, Andrew Purcell, said: “We will use this extra time to continue to evaluate the 3D seismic results and further progress discussions with potential farminees for the drilling of an exploration well into this structure. These types of carbonate buildups are responsible for some of the world’s largest discoveries. When they work, they tend to work big, as can be seen in the estimates of prospective resource being significantly skewed to the upside, so we will continue to work towards the drilling of this important prospect.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/29052020/melbana-energy-given-extension-on-beehive-drilling-permit/