MEO gets work program variance offshore northwest Australia

Offshore staff

MELBOURNE, Australia – Australia’s National Offshore Petroleum Titles Administrator has approved MEO Australia’s (ASX:MEO) application for work program variance for the offshore AC/P53 tract.

The variance will move geotechnical studies from year six to year five, and defer an exploration well from year five to year six.

“The variation of the remaining work program will allow the undertaking of additional geotechnical studies with the goal of identifying a potentially drillable prospect in the hydrocarbon rich Vulcan sub-basin within which MEO has a substantial acreage footprint,” said MEO managing director and CEO Peter Stickland.

07/15/2015

AC/P53 tract location
AC/P53 tract location. (Map courtesy MEO Australia)

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

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...