LONDON – Neptune Energy will receive new 3D seismic over the Petrel field in the Bonaparte basin offshore northwest Australia, under a non-exclusive data licensing agreement with Polarcus Asia Pacific.
The Polarcus Asima vessel began acquiring the Petrelex 3D seismic survey last weekend and the 2,900-sq km (1,119-sq mi) program should continue through late January.
Neptune has a 54% in the Petrel project in partnership with Santos (40.25%) and Beach Energy (5.75%). The survey will apply new broadband technology over an expanded area to improve the understanding of the potential resource.
Processed data is expected to be available in 4Q 2020.