3D survey data from Floyd survey in Timor Sea for Meo now in processing

Offshore staff

MELBOURNE, Australia – The Veritas Viking II has completed acquiring the Floyd 3D seismic survey for Meo Australia Ltd. (ASX:MEO; OTC:MEOAY) in the Timor Sea.

The survey covered 601 sq km (232 sq mi) of full-fold data in WA-454-P in the Petrel sub-basin of Joseph Bonaparte Gulf. The processing results are expected to be available in 2Q 2012.

“When the final processed data arrives in house late next quarter, we will refine our volumetric assessment of the Marina gas and liquids discovery and mature the Breakwater prospect to drillable status,” said MEO’s CEO and MD Jürgen Hendrich. “This work is a pre-requisite to attracting a funding partner.”


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...