Polarcus amid Capreolus shoot
- Business & Finance
Polarcus will acquire a minimum area of 22,130 sq. km of high resolution broadband 3D seismic data including coverage over the Phoenix South-1 oil discovery and surrounding blocks in an area previously assumed to be gas prone.
The 2014 Phoenix South oil discovery in permit WA-435-P has opened up a new oil-prone fairway within one of the few remaining underexplored parts of the north-west shelf. The Capreolus 3D survey will provide multiple opportunities for reduced risk and play-based exploration targeting Triassic and Jurassic structural and stratigraphic traps, the company said in the press release.
Seismic acquisition started early January 2015 with two Polarcus A-Class 3D seismic vessels, Polarcus Amani and Polarcus Asima, operating in simultaneous acquisition mode in order to maximize production.
According to Polarcus, this operating technique has delivered over 11,000 sq. km of 3D seismic data in less than 3 months. The data is currently being processed through to pre-stack depth migration by DownUnder GeoSolutions (DUG) in Perth, Australia, with final data products expected to be delivered within Q1 2016.