Polarcus will carry out the survey through its Polarcus Naila vessel and acquire 600km2 of seismic data over the Beehive Prospect in the Joseph Bonaparte Gulf. It will be used for vessel turns and testing of equipment.
Currently defined by a tight grid of 2D seismic data, Beehive survey will offer the potential for further de-risking of the prospect and will facilitate consideration of a preferred location for the Beehive-1 exploration well.
Water depths of the survey area range from 30m to 50m and will be conducted by using methods and procedures similar to others conducted in Australian waters.
The Beehive prospect is a Carboniferous age 180km² isolated carbonate build up with 400m of mapped vertical relief, analogous to the giant Tengiz field in the Caspian Basin.
It is located in 40m water depth suitable for a jack-up rig and can be developed by either FPSO vessel or pipeline to existing infrastructure.
The carbonate reservoir of the prospect is of the same age as the 2011 Ungani-1 oil discovery in the Canning Basin.
French oil and gas major Total, along with Australian energy company Santos, is funding all activities of the Beehive 3D seismic survey until completion of the first well in the WA-488-P permit.
Both companies have an option to acquire a direct 80% participating interest in the permit in return for their funding.