MEO starts another seismic program offshore northern Australia

Offshore staff

MELBOURNE, Australia – The S/R Veritas Viking II has started acquisition of a 3D seismic survey for MEO Australia in the Timor Sea.

The 601-sq km (232-sq mi) Floyd survey is in WA-454-P in the Joseph Bonaparte Gulf region (Petrel sub-basin). Acquisition should be completed within 30 days.

MEO was awarded the permit last June. The company says its analysis justified early investment in the 3D program which will cover the Marina gas and liquids discovery, the nearby Breakwater prospect and two further leads, all of which could be drilled at some point.

S/R Veritas Viking II earlier completed acquisition of the Zeppelin survey for MEO over the AC/P50 & AC/P51 permits in the Ashmore Cartier region of the Timor Sea (Vulcan sub-basin). In total, 508 sq km (196 sq mi) of full fold data were recorded.

Again, the results will be used to help determine prospects for future wells.

2/16/2012

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