Beetaloo seismic is set back

By Russell Searancke

 06 September 2012 22:59 GMT

Heavy rainfall has hampered US independent Hess’ seismic acquisition programme in Australia’s remote Beetaloo basin, where it is chasing unconventional oil and gas targets, writes Russell Searancke.

Last year Hess signed an agreement with Falcon Oil & Gas that gave it the option to earn a 63% interest in 25,200 square kilometres in the Beetaloo basin of the Northern Territory.

In return, Hess would pay for a US$40 million seismic programme in Blocks EP76, EP98 and EP117.

But due to unseasonably early and heavier rainfalls than normal, just 1200 kilometres of the targeted 3600 kilometres of 2D has been acquired to date, said Falcon.

Hess has now deployed two seismic companies — Western Geco and Terrex — and this should enable…

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