Santos, Total in Beehive farm-in deal with Melbana

Image courtesy of Melbana Energy

France’s Total and Australia’s Santos have entered a deal with Melbana Energy to fund a seismic survey over the Beehive prospect offshore northern Australia in exchange for the option of acquiring an 80 percent interest.

Melbana’s Beehive prospect in the WA-488-P licence, which sits in the Joseph Bonaparte Gulf off the coast of the Northern Territory, is one of the biggest, undrilled hydrocarbon structures in Australia.

WA-488-P is located adjacent to Blacktip production infrastructure and within reach of Ichthys infrastructure, “providing good potential pathways for early commercialisation of any discovery,” Santos said in a statement.

Planning for a 3D seismic survey has already started, with acquisition expected to begin mid- 2018.

“This option adds to our diverse portfolio of core production, appraisal and exploration assets in Northern Australia, including our foundation interest in Darwin LNG and the Barossa field which is the leading candidate to backfill Darwin LNG as Bayu-Undan comes off plateau in the next few years,” Santos Executive Vice President Exploration & Appraisal Bill Ovenden said.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >