CNOOC Australia chief representative Yong Feng Lu told delegates at the APPEA conference in Melbourne that processing and interpretation of the 2000 square-kilometre survey is under way.
Preliminary results indicated some high potential prospects.
The Chinese company was awarded Block WA-484-P in May 2013 on the basis of a work commitment to spend up to A$15 million (US$12 million) on geological and geophysical work in the lead-up to a A$55 million exploration well before 13 May 2018, according to data on the National Offshore Petroleum Titles Authority (NOPTA).
The
