CGG wraps up seismic survey over FAR’s Australian permit
French geophysical company CGG has completed the seismic acquisition across FAR Limited’s permit WA-458-P located in the Dampier basin offshore Australia.
Late last quarter FAR concluded stakeholder engagements with CGG to join in the much anticipated Davros Extension Multiclient 3D Survey.
FAR received a notice of start of acquisition from CGG in mid-December as the MV Geo Coral began its mobilization from southeast Asia. After a brief port call in Broome, the vessel started deployment of in-water equipment whilst on route to the survey area. Post end of the quarter, seismic acquisition across permit WA-458-P began.
The survey was completed in mid-January and FAR anticipates receiving the final processed data in H2 2019, FAR said on Thursday.
FAR also said that this new data will be used for detailed mapping of the prospects which have been identified, leading to selection of potential candidates for drilling.
FAR added it intends to farm down its high interest in WA-458-P after completing its evaluation of the permit using this new seismic data.
FAR managing director, Cath Norman, said, “It is great to finally complete the seismic over the WA-458- P permit. Offshore Western Australia has seen a resurgence of activity following the Dorado discovery and FAR looks forward to completing this work on the block, aimed at identifying a drillable prospect, and then bringing in a partner for the drilling.”