Polarcus expands broadband multi-client project offshore AustraliaProjects and Operations // April 7, 2015
Referring to a stock exchange notice published by Polarcus Limited on 21 October 2014 regarding the announcement of a major new multi-client project offshore Australia, the company has announced that it has secured further industry prefunding enabling the expansion of the survey northwards with an additional 7,130 square kilometres.
Consequently the Capreolus 3D project, as it is known, will now comprise approximately 22,130 square km overall, providing exploration companies with an extensive basin-wide broadband 3D seismic dataset across the Roebuck Basin, offshore North West Shelf, Australia.
Seismic acquisition on the original programme commenced early January 2015 with two Polarcus A-Class 3D seismic vessels utilizing the company's RightBAND technique for broadband data acquisition.
The expanded survey is now estimated at approximately 12 vessel months duration overall, and will utilize an additional Polarcus 3D seismic vessel for part of the programme.
As of now, seismic acquisition is approximately 40 per cent complete (of the new expanded programme).
The resultant data from the Capreolus 3D project will be processed through a pre-stack depth migration routine by DownUnder GeoSolutions in Perth, Australia, with final data products expected to be delivered in the first quarter of 2016.