Polarcus wraps ‘largest ever’ Oz shoot
Geophysical contractor Polarcus said it has completed, ahead of schedule, the largest single 3D seismic survey ever acquired offshore Australia.
The Capreolus 3D multi-client project has wrapped after 11 months of work, Polarcus said. It was pre-funded by eight oil companies.
The basin-wide broadband 3D seismic survey covers two underexplored hydrocarbon provinces with largely untested oil plays in the Beagle sub-basin and the Bedout sub-basin, including Quandrant Energy’s recent Phoenix South oil discovery in the Lower Triassic interval.
The discovery well opens up the potential for a new oil province across an area historically only considered prospective for gas, Polarcus said.
Quadrant is preparing to spud its follow-up to Phoenix South, Roc-1, next week.
The seismic shoot was Polarcus’ first multi-client survey in Australia.
Senior vice president of multi-client Stephen Doyle said 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 data is currently being processed through to pre-stack depth migration by DownUnder GeoSolutions in Perth, Australia, with final data products to be delivered in the first half of 2016.
Source: Upstream Online