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Magellan Petroleum wins seismic survey contract over Australian offshore block


Published Nov 2, 2012
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Magellan Petroleum Corporation

Magellan Petroleum Corporation has executed a contract with Seabird Exploration FZ-LLC for the seismic recording vessel Voyager Explorer to undertake a 75 square mile 3-D and an 84 square mile 2-D seismic survey within Magellan's NT/P82 Exploration Permit ("NT/P82"), offshore Australia.

The seismic survey is expected to commence during the second week of December 2012 and to take approximately two weeks to complete. Magellan plans to process and analyze the seismic data over the following three months to assess the presence and recoverability of hydrocarbons in NT/P82.

NT/P82 is an exploration license located in the Bonaparte Basin, 160 miles northwest of Darwin, Northern Territory, Australia, in which Magellan owns a 100% interest.

Tags: Magellan Petroleum




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