Offshore staff
MELBOURNE, Australia -- New 3D seismic data along with new biostratigraphic age dating has resulted in the interpretation of a thicker Jurassic reservoir in the Artemis prospect offshore Australia, according to MEO Australia.
As a result of the data, the company has increased the P50 gas-in-place estimate to 20.3 tcf for the Calypso and Legendre reservoirs. Applying a 60% recovery factor yields an estimated P50 undiscovered gas resource of approximately 12 tcf, the company says.
MEO is assessing prospective farm-in partners to secure funding in order to trigger the permit’s year-five well obligation by Dec. 31.
10/13/2009
Courtesy Green Volt Windfarm
Courtesy TGS
Courtesy CES/Rick Ayrton
Courtesy TGS
Courtesy Fugro
