Carnarvon Petroleum (Carnarvon) has provided an update on its 100% held WA-523-P exploration permit, containing the Buffalo oil field. The company is joining with Northern Oil & Gas Australia (NOGA) on a collaborative data sharing project that spans data in the Buffalo block (WA-523-P) and the Corallina and Laminaria producing oilfields in the AC/L5 and WA 18-L blocks (100% interest). The respective blocks are outlined in the map.
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Carnarvon has seen impressive improvements in data quality across the WA-523-P exploration permit and the new potential identified in the Buffalo structure. There has been significant industry interest shown in the WA523-P block since this update and the technology that has enabled this new view of the subsurface oil structures.
NOGA is the operator of the producing Laminaria and Corallina oil fields and the owner of the Northern Endeavour FPSO, located some 15 km to the northwest of the Buffalo oilfield. The Northern Endeavour FPSO has processed over 200 million bbls of oil from the adjacent Corallina and Laminaria oilfields. It is anticipated that similar upside and de-risking of drilling targets to that identified in the Buffalo field may also be unlocked using the same advanced seismic processing techniques.
Carnarvon and NOGA are co-operating to ensure that reprocessing of the Laminaria 3D seismic results in a seamless high quality 3D dataset over the Corallina, Laminaria and Buffalo fields, and Carnarvon’s experience over the Buffalo block will be used by NOGA to fast track their results.
By sharing the data over the Laminaria/Corallina fields, NOGA is able to assist in better understanding the potential available in the Buffalo oilfield, and also guide the Carnarvon team on potential development opportunities.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/23062017/carnarvon-and-noga-to-collaborate-offshore-australia/