Basins

Polarcus has completed the Capreolus 3D multi-client project in offshore Australia after an 11-month acquisition campaign.

Polarcus multi-client senior vice-president Stephen Doyle said: "This is a milestone achievement for Polarcus completing its first multi-client survey in Australia, with high prefunding supported by eight oil companies.

"The resulting high fold broadband 3D data has delivered a step change in data quality and has the potential to help the industry find many more large oil discoveries in this underexplored frontier"

The basin-wide broadband 3D seismic survey covers two hydrocarbon provinces that are underexplored with untested oil plays in the Beagle sub-basin, as well as the Bedout sub-basin.

The survey also includes the recent Phoenix South oil discovery, which has the potential for a new oil province across an area, which is considered prospective only for gas.

"We see clients in environmentally sensitive sea areas capitalising on our Explore Green agenda to deliver stakeholders industry leading environmental focus in marine seismic operations."

As part of the survey, the company identified several leads and prospects to carry out multi-phase drilling programmes over the next two years, beginning with the Roc-1 well in November.

Polarcus COO Duncan Eley said: "With three different Polarcus 3D seismic vessels engaged throughout the project, we have once again proven our strength in the interchangeability of the Polarcus modern and uniform fleet.

"In addition, we see clients in environmentally sensitive sea areas, such as Australia, capitalising on our Explore Green agenda to deliver stakeholders industry leading environmental focus in marine seismic operations."

The company is currently processing the data through pre-stack depth migration by DownUnder GeoSolutions in Australia.

Final data products are expected to be delivered in the first half of 2016.


Image: Beagle sub-basin and the Bedout sub-basin. Photo: courtesy of polarcus.com.