Skip to main content
  1. Home
  2. Exploration
  3. 29 May 20
  4. Melbana Energy given extension on Beehive drilling permit

Melbana Energy given extension on Beehive drilling permit

Published by , Editor
Oilfield Technology,

Melbana Energy has been advised by Australia's National Offshore Petroleum Titles Administrator that its application for a 12-month suspension of the work programme conditions in respect of Permit Year 3 (with a corresponding extension of the permit term) for Petroleum Exploration Permit WA-488-P has been approved. Permit Year 3 will now end on 21 December 2021. 

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/

You might also like

 
 

Embed article link: (copy the HTML code below):