MEO Australia Announces Completion of Bathurst 3D Seismic Survey

MEO Australia Limited has been advised by Eni Australia Ltd (Eni), as Operator of permit NT/P68, that acquisition of the Bathurst 3D seismic survey covering the Blackwood East structure has been completed.

The survey vessel M/V Veritas Viking II was released at 0600 (ACST) on 5th January 2012. A total of 766 km2 of 3D data was acquired.

This survey was acquired pursuant to a farm-in agreement with Eni Australia Limited dated 17th May 2011 under which Eni had the option to earn a 50% interest in the Blackwood gas discovery by acquiring a minimum 500 km2 3D seismic data over the Blackwood area and drilling one exploration well.

Eni has 365 days from the date of completion of the 3D survey to elect whether to drill the Blackwood-2 well.

Subsea World News Staff , January 06, 2012;  Image: MEO Australia