Seismic acquisition has now commenced on the major new Polarcus Capreolus 3-D multiclient project over the Phoenix area that contains the recent Phoenix South-1 oil discovery within the Roebuck Basin, offshore Western Australia, according to a press release. The survey is using two high-performance 12-streamer Polarcus vessels, Polarcus Amani and Polarcus Asima, operating in tandem in order to maximize production.
The Capreolus 3-D multiclient project comprises a substantial 15,000 sq km (5,792 sq miles) and has been designed by Polarcus' in-house experts in collaboration with the project underwriters to provide a basin-wide high-quality broadband 3-D seismic dataset over and adjacent to the Phoenix South-1 oil discovery announced in 2014. The basin is one of the few remaining underexplored parts of Australia's North West Shelf and considered to have the potential to become a major new oil province.
The data acquisition phase is estimated at about eight vessel months (four calendar months), with the resultant data being processed through a prestack depth migration routine by DownUnder GeoSolutions in Perth. Final data products are expected to be available within second-quarter 2016.
Recommended Reading
Moda Midstream II Receives Financial Commitment for Next Round of Development
2024-03-20 - Kingwood, Texas-based Moda Midstream II announced on March 20 that it received an equity commitment from EnCap Flatrock Midstream.
Humble Midstream II, Quantum Capital Form Partnership for Infrastructure Projects
2024-01-30 - Humble Midstream II Partners and Quantum Capital Group’s partnership will promote a focus on energy transition infrastructure.
Mike Howard Joins Atlas Energy Solutions’ Board
2024-02-15 - Mike Howard brings more than 28 years of midstream energy experience to Atlas Energy Solutions’ board of directors.
Genesis Energy Declares Quarterly Dividend
2024-04-11 - Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
2024-04-09 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.