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May 21, 2020updated 26 May 2020 11:39am

Neptune Energy Polarcus vessel completes Petrel survey

UK-based offshore operator Neptune Energy has completed the acquisition of the 3D broadband seismic survey of the extensive Petrel field in the Bonaparte basin, Australia.

By Himaja Ganta

UK-based offshore operator Neptune Energy has completed the acquisition of the 3D broadband seismic survey of the extensive Petrel field in the Bonaparte basin, Australia.

The survey, which covers 2,900km², expanded the area of seismic data that the company holds. It also increased the quality and breadth of data.

Neptune owns 54% of the Petrel field. Other partners include Santos (40.25%) and Beach Energy (5.75%).

Neptune noted that the internal analysis and interpretation of the acquired data will enable the company and its partners to plan for the future of the field.

Survey vessel Polarcus Asima was used to carry out the seismic survey which began late last year.

On behalf of the Petrel JV, Neptune signed an exclusive data licensing agreement with Polarcus Asia Pacific.  Polarcus is the acquirer of the Petrelex 3D seismic survey.

Neptune Energy Australia managing director Janet Hann said: “The safe and successful completion of the survey is testament to the excellent teamwork of Neptune and its partners.

“The seismic survey was the first significant investment in this part of the Bonaparte basin in more than five years and it continues to present exciting future growth opportunities for Neptune offshore Australia.

“Our deeper understanding of the area also positions us well for the upcoming offshore petroleum exploration release later this year.”

Polarcus was granted approval for an environmental plan allowing new 3D multi-client data acquisition across the field.

Last week, Neptune Energy conducted a dual drilling operation from an integrated subsea template structure at the Fenja field, offshore Norway.

Last month, Neptune Energy announced the start of a drilling campaign on the Fenja field offshore Norway, following spudding of the first well.

In February this year, Neptune Energy produced first gas from the L5a-D4 well in the deepest producing gas field in the Dutch North Sea.

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