MEO assessing offshore Australia carbonate play

MEO Australia says a seismic reprocessing and inversion study over the Beehive oil prospect offshore Western Australia is achieving positive results.

Apr 15th, 2016

Offshore staff

MELBOURNE, AustraliaMEO 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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