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    1. Geosciences

    3D seismic review improves definition of Beehive structure offshore Australia

    June 14, 2019
    Melbana Energy
    Beehive prospect in the WA-488-P permit offshore Western Australia.
    Beehive prospect in the WA-488-P permit offshore Western Australia.

    Offshore staff

    MELBOURNE, Australia – Early analysis of a recent 3D seismic survey has further de-risked the Beehive prospect offshore northwest Australia.

    According to Melbana Energy, the near-vertical edge of the build-up, clearly evidenced on the seismic, is evidence of its isolated nature.

    In addition, the data provides more detail of depositional patterns within the platform and the seaway that could not be resolved on the existing 2D data.

    This has led to better overall structural definition, particularly to the northeast.

    McDaniel & Associates has estimated prospective resource of up to 388 MMboe.

    Total and Santos each have an option, exercisable in tandem or individually, to acquire an 80% interest in the permit and drill the Beehive-1 exploration well by Oct. 2, 2019.

    Pending their decision, other parties have expressed interest in reviewing the Beehive opportunity, Melbana said.

    Drilling could start in the second half of 2020, at a cost in the $40-$60 million range.

    06/14/2019

    Melbana Energy
    Comparison of 2D line 64 from the 2017 DUG reprocessed King Shoals survey (top) and a line running in the same position from the newly acquired Beehive 3D survey.
    Comparison of 2D line 64 from the 2017 DUG reprocessed King Shoals survey (top) and a line running in the same position from the newly acquired Beehive 3D survey.