Offshore staff
MELBOURNE, Australia – MEO Australia says a seismic reprocessing and inversion study over the Beehive oil prospect offshore Western Australia is achieving positive results.
Beehive is a potentially giant, dual objective, oil prone structure in the WA-488-P permit in the Bonaparte basin in 40 m (131 ft) of water, next to the producing Blacktip field.
The Carboniferous age objective is a 180-sq km (69.5-sq mi) isolated carbonate build up with 400 m (1,312 ft) of mapped vertical relief, analogous toKazakhstan’s giant Tengiz field. This play type is undrilled in the Bonaparte basin.
Beehive is defined by a tight grid of pre-existing 2D seismic, which MEO has recently started reprocessing in order to de-risk the prospect.
Prospective Resources - Recoverable
Beehive Prospect | COS | LOW | Best | Mean | High |
Carboniferous objective (MMboe) | 16% | 97 | 558 | 940 | 2,033 |
Ordovician objective (MMboe) | 8% | 63 | 305 | 534 | 1,220 |
04/15/2016
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