Completion of Beehive 3D Seismic Survey Including Extension for New Lead
Wednesday 15 August 2018
Highlights:
- Beehive 3D Seismic Survey has been completed safely and without incident
- Beehive 3D Seismic Survey was extended by ~15% to cover an additional lead (Egret) at no cost to Melbana
- Option to drill exercisable by Total and/or Santos within 6 months of receipt of processed seismic data
- If Total and/or Santos exercises options to drill, Melbana retains 20% and is fully carried for the first exploration well drilled in WA-488-P
- Giant Beehive Prospect is one of the largest undrilled hydrocarbon structures in Australia
Melbana Energy Limited advised that acquisition of the Beehive 3D Seismic Survey has been completed safely and without incident.
During the planning of the Beehive 3D Seismic Survey, a new lead was identified and the survey area was extended by ~100km2 (~16%) to provide coverage over the newly identified lead (Egret) that is partially within the boundary of WA-488-P. The extension of the survey area is within the approved scope and operational envelope of the Beehive 3D Seismic Survey.
The Beehive 3D Seismic Survey, including the extension over the Egret lead, is fully funded by Santos and Total.