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Thursday, 08 January, 2009, 16:40 GMT | more >>

MEO ups Heron potential



By Upstream staff 

MEO Australia has said that initial interpretation of new 3D seismic shows a significant increase in gas resources at the Heron prospects located in its wholly-owned Block NT/P68 in the Timor Sea.

The company said that new data indicated combined gas in place resource at the Heron North and Heron South prospects had increased by about 65% from 3.3 trillion cubic feet to 5.5 Tcf.

MEO added that the seismic study had greatly increased its confidence that the Heron structures have the potential to contain substantial gas resources capable of underpinning or supplementing the company’s approved LNG and/or methanol projects.

Appraisal drilling will commence in September this year.

MEO has contracted the West Atlas jack-up rig to drill up to three wells in NT/P68.


Thursday, 01 March, 2007, 04:56 GMT  | last updated: Thursday, 01 March, 2007, 07:49 GMT

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