A major 3D seismic survey is expected to start before the end of March across the Oilex-operated Block 06-103 in the joint petroleum development area shared by East Timor and Australia.
Oilex said that the Maura 3D survey was awarded to Wavefield Inseis vessel Geowave Champion. The survey will cover 1657 square kilometres and is expected to start in the first quarter of 2008 dependent on the vessel’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. 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 discoveries/fields and to the north of the Bayu-Undan gas and condensate field.
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