3D seismic data acquired during this survey will better define the prospectivity of the structures within the WA-398-P block and aid in the positioning of the wells for the drilling program later in 2008.
This 3D seismic acquisition follows previous 2D and 3D surveys over WA-314-P & WA-315-P completed in 2006. These surveys covered an area of 1100 sq kms of 3D seismic and 850 kms of 2D seismic.
WA-398-P was acquired by Karoon Gas and ConocoPhillips in May of this year and adds to Karoon’s highly prospective WA-314-P and WA-315-P acreage currently also jointly held with ConocoPhillips.
The current ownership structure of the Browse Basin Permits is as follows;
WA-398-P Karoon Gas 40% ConocoPhillips 60% WA-314-P & WA-315-P Karoon Gas 49% ConocoPhillips 51%
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