Gulf Oil and Gas accountACCOUNT

Improved Seismic Data Identifies Additional Prospectivity in AC/P50 and AC/P51 Permits

Source: www.gulfoilandgas.com 11/10/2017, Location: Not categorized

Share |
Melbana Energy Limited provides an update on its offshore Australian Exploration Permits AC/P50 and AC/P51 (“Permits”) (Melbana 55%1 and operator).

Melbana’s preliminary assessment of the recent 3D seismic broadband reprocessing results has identifie d the potential for additional prospectivity in the Permits resulting from improved data quality, including an amplitude-supported objective immediately above the existing Ramble On prospect. In the right conditions, an amplitude anomaly can be a direct indicator of hydrocarbons.

The 3D seismic broadband reprocessing was undertaken by incoming Joint Venture partner Rouge Rock Pty Ltd (“Rouge Rock”) at its own cost as part of the program through which it earnt a 45% participating interest in the Permits. The indicative value of the reprocessing work undertaken by Rouge Rock is approximately $1.15 million.

Melbana is currently undertaking a detailed evaluation of the reprocessed data and the resulting suite of enhanced technical products which are intended to characterise any new prospects and leads as well as further de-risk the identified prospects and leads, facilitating a potential further farm-out of the Permits to fund future discretionary exploration drilling.

Below are examples of the seismic data across Ramble On before and after the 2017 reprocessing which highlights the improved seismic data quality in general and specifically the presence of an amplitude anomaly, previously not identified, in a prospective sequence directly overlying the deeper Ramble On prospect. Further detailed analysis will now be undertaken to quantify this newly identified zone of interest.

Melbana Energy’s CEO and MD Peter Stickland said:

“The recent substantial seismic reprocessing study, valued at over $1 million, through which Melbana was fully carried by Rouge Rock, has significantly improved the seismic imaging in an area with historically poor data quality. We are already seeing some additional prospectivity in this proven oil area that was not visible on the old data. Melbana’s technical team will now proceed to integrate the new reprocessed seismic with existing datasets in the area with a view to further defining this potential new play type.”

Seismic survey News in Australia >>

Ireland >>  6/14/2018 - CGG has completed the Pre-Stack Time Migration (PSTM) of its 2,500-sq-km Dunquin multi-client survey acquired in Block 44 of the Porcupine Basin, west...
Mozambique >>  6/13/2018 - CGG has completed acquisition of 15,400 km2 of 3D marine seismic data in the outer Zambezi Delta Basin, west of the Beira High. The survey area covers...

France >>  6/12/2018 - Sercel has launched a transition zone version of its state-of-the-art 508XT seismic acquisition system. Seismic crews will now be able to deploy the 5...
Canada >>  6/11/2018 - TGS and Petroleum Geo-Services ("PGS") announce that a second vessel, the Ramform Sterling, will be allocated to the 2018 East Canada acquisition prog...

Australia >>  6/8/2018 - Melbana Energy Limited has advised that Polarcus has been awarded the contract to undertake the Beehive 3D Seismic Survey over the Beehive Prospect, w...
Papua-New Guinea >>  6/8/2018 - Searcher Seismic is pleased to announce the expansion of its modern, high-quality and exploration focused seismic, magnetic and geochemical focused pr...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

 

Oil & Gas Companies in Australia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.