Melbana gets extension for Beehive studies offshore Australia

Offshore staff

MELBOURNE, Australia -- Melbana Energy Ltd. (formerly MEO Australia Ltd.) has received notification of approval to alter a work program for a license offshore Western Australia.

The National Offshore Petroleum Titles Administrator has agreed to extend permit year two of the WA-488-P concession (Melbana 100%) by 16 months to March 21, 2018.

The timeframe for drilling the Beehive-1 exploration well has also been deferred accordingly.

Melbana says recent 2D seismic reprocessing and inversion has improved its understanding of the Beehive prospect. The extension will allow it to perform a further 330 km (205 mi) of 2D seismic broadband reprocessing and stratigraphic interpretation/analogue field studies.

Assuming a successful farm-down of the license, Melbana now aims to drill the well in 2019.

11/28/2016

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

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...