MEO Australia

MEO Australia, through the S/R Veritas Viking II vessel, has started work on the 601km² Floyd 3D seismic survey in the WA-454-P region, off the Australian coast.

The permit, located in the Joseph Bonaparte Gulf region of the Timor Sea (Petrel sub-basin), was awarded to MEO in June 2011 and since then the company has moved rapidly towards assessing the potential of the permit.

The 3D seismic survey will cover the Marina gas and liquids discovery, the nearby Breakwater prospect and two additional areas.

It will allow for more accurate mapping and resource estimation of the Marina discovery, as well as the scoping of a potential appraisal programme. It will also enable MEO to define the Breakwater prospect further and assist in selecting the optimal potential drilling location.

The news follows MEO’s recent announcement that it has completed the acquisition of the Zeppelin 3D seismic survey in AC/P50 and AC/P51 in the Ashmore Cartier region of the Timor Sea. A total of 508km² of full fold data was recorded.

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Photo: The permit covers an area of 4,320km² and contains the Marina gas and condensate discovery. Image: courtesy of MEO.