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Sunday, 20 July, 2008, 02:40 GMT | more prices >>

Wavefield set for Timor Sea work

By Upstream staff

Norwegian seismic outfit Wavefield Inseis is set to shoot a major 3D seismic survey across the Oilex-operated Block 06-103 in the joint petroleum development area shared by East Timor and Australia.

Oilex said today the Maura 3D surve will be carried out by Wavefield Inseis' Geowave Champion.

The survey will cover 1657 square kilometres and is expected to start by the end of March, depending on the Geowave Champion's current work commitments.

"With the purchase of modern third-party 3D data and the addition of the new 3D data to the existing data set, the JV (joint venture) will have a comprehensive seismic database over the entire prospective area of the block by mid 2008," the Australian company said in its quarterly report.

Oilex added it is hoping to drill two wells in the fourth quarter this year.

The partners are operator Oilex (25%) and Indian trio Gujarat State Petroleum Corporation (25%), Videocon Industries (25%) and Bharat Petroleum (25%).

The block is located immediately to the east of the Laminaria, Corallina, Kakatua, Kuda Tasi and Elang fields and to the north of the Bayu-Undan gas and condensate field.