Shearwater starts Archer 3D survey off West Australia
Apr 28, 2021 4:09:am
Summary After the completion of Archer 3D, the Shearwater Geo Coral vessel will then be used for the Keraudren Extension 3D survey.
by: Shardul Sharma
Posted in:
Sydney-listed Carnarvon Petroleum on April 27 said that the Shearwater
Geo Coral vessel had started the acquisition of the Archer 3D offshore Western Australia.
The Archer 3D is being acquired, in conjunction with the contiguous WA-541-P joint venture, with an alternative azimuth to the current Capreolus and Keraudren 3D datasets, most particularly over the Dorado field, the company said.
This 3D dataset will complement those two already existing datasets with support for Dorado development planning to ensure optimum well placement for maximum productivity, the company added. A fast-track processed volume of the Archer 3D will be available for interpretation later in 2021.
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Timor Leste: Carnarvon Petroleum completes farmout of Buffalo project to Advance Energy
19 Apr 2021
B
uffalo project to
Advance Energy. Advance Energy and Carnarvon have satisfied all of the conditions precedent and all completion requirements have been met.
On
December 2020, Carnarvon announced that Advance Energy will acquire 50% of the Buffalo project by funding the drilling of the Buffalo-10 well up to US$20m on a free carry basis. Advance has met this funding requirement and now has a 50% interest in the project.
The Buffalo-10 well is on track to be drilled in late 2021, subject to securing a drilling rig, where the tendering process is already underway.
OE Staff Credit: Carnarvon Petroleum
Australian oil and gas companies Carnarvon Petroleum and Advance Energy have completed the Buffalo oil field farm-out agreement as all the necessary conditions have been met.
Carnarvon in December 2020 announced that Advance Energy would acquire 50% of the Buffalo project in the Timor Sea, offshore East Timor, by funding the drilling of the Buffalo-10 well up to US$20m on a free carry basis. Advance has met this funding requirement and now has a 50% interest in the project, Carnarvon Petroleum said Tuesday. The Buffalo-10 well is on track to be drilled in late 2021, subject to securing a drilling rig, where the tendering process is already underway, Carnarvon added.
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