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“The PGS Australia seismic acquisition vessel, M/V Orient Explorer has successfully acquired the 3D data on time and under budget,” MEO said.
Following this survey, 250km of 2D acquisition covering further possible stratigraphic trap leads in permit WA-359-P began on December 28.
“The approach of Cyclone Melanie caused a suspension of acquisition activities on December 30,” MEO said.
“Approximately 100 line km or 40% of the 2D survey has been acquired. MEO will coordinate with PGS Australia to finish acquiring the balance of the 2D data when the Orient Explorer is next in the immediate region.”
MEO is earning operatorship and a 60% stake in each of the three blocks from Cue Energy, by agreeing to fund the seismic and drilling costs.
Post farm-in, Cue's stake will be reduced to 20%. The other partners in the blocks are Exoil and Gascorp.
