Offshore staff
MELBOURNE, Australia – Melbana Energy says prospective resources have risen for the Beehive prospect offshore Western Australia following a reassessment of 3D seismic data over the structure.
Beehive is in the WA-488-P permit, operated by Melbana with a 100% interest.
The latest findings suggest a 7% increase in best-case prospective reserves to more than 400 MMbbl, compared with the assessment conducted in 2018 by McDaniel & Associates based on pre-existing 2D data.
Melbana chairman Andrew Purcel said: “This updated assessment, along with the 12-month extension to the permit tenure that Melbana successfully applied for earlier this year provides a solid foundation for securing a farm-in partner to WA-488-P.
“Depending on the outcome of the current farm-out process, Melbana expects the Beehive prospect to be drilled in late 2021.”
08/24/2020
