Polarcus to Commence 3D Survey Over Roebuck Basin, Offshore NWS

Polarcus Limited (Polarcus or the Company), a Dubai-based marine geophysical company, reporterd Tuesday the imminent commencement of a major new RightBAND multi-client project over the Roebuck Basin, offshore North West Shelf, Australia.

The Capreolus 3D survey, supported by strong industry funding, will comprise approximately 5,791 square miles (15,000 square kilometers) and is designed to provide exploration companies with an extensive basin-wide high quality broadband 3D seismic dataset over and adjacent to the recent Phoenix South oil discovery. The discovery announced by Apache Corp. Aug. 18 has the potential to open up a major new oil province within one of the few remaining underexplored parts of the North West Shelf. The Capreolus 3D survey is specifically designed in conjunction with the project sponsors to enable companies to explore the petroleum potential within the primary Triassic and Jurassic reservoirs.

The project will commence in 4Q 2014 utilizing two Polarcus A-Class 3D seismic vessels towing super-wide 12 x 393 foot- (120 meter-) long offset receiver arrays. The acquisition phase is estimated at approximately eight vessel months (four calendar months) duration, optimally placing these vessels for the previously announced two vessel program for a major energy company offshore Sakhalin in 2Q 2015.

The resultant data from the Capreolus 3D survey will be processed through a pre-stack depth migration routine by DownUnder GeoSolutions in Perth, Australia, with final data products expected to be delivered within 2Q 2016.


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