Petrel operator Neptune Energy, on behalf of partners Santos and Beach Energy, entered into an exclusive data licensing agreement with Polarcus Asia Pacific, which acquired the 2,900-km (1,120-sq mi) survey.
Neptune has already received initial results with the remaining processed data due to be delivered later this year.
The company’s Australia managing director Janet Hann said the campaign represented the first significant investment in this part of the Bonaparte basin in more than five years.
“Our deeper understanding of the area also positions us well for the upcoming offshore petroleum exploration release later this year,” she added.
