Neptune Energy has completed a 3D broadband seismic survey of the Petrel field in the Bonaparte basin offshore northwestern Australia.
Neptune Energy has completed a 3D broadband seismic survey of the Petrel field in the Bonaparte basin offshore northwestern Australia.
The 2900 km2 survey, acquired by the vessel Polarcus Asima, began towards the end of 2019 and significantly expanded the area of seismic data Neptune holds and increased the quality and breadth of its data.
Initial findings from the survey have been received with the remaining processed data due to be delivered later this year.
Neptune Australia managing director, Janet Hann said: ‘The seismic survey was the first significant investment in this part of the Bonaparte basin in more than five years and it continues to present exciting future growth opportunities for Neptune offshore Australia. Our deeper understanding of the area also positions us well for the upcoming offshore petroleum exploration release later this year.’
Neptune, on behalf of the Petrel JV, entered into an exclusive data licensing agreement with Polarcus, which acquired the survey. Neptune holds 54% in the joint venture alongside Santos (40.25%) and Beach Energy (5.75%).
