from Melbana: Beehive – giant oil prospect in 40m water depth...

from Melbana:
Beehive – giant oil prospect in 40m water depth

WA-488-P (Melbana Energy - 100%) is located in the Petrel Sub-basin in the Joseph Bonaparte Gulf between the producing Blacktip gas field and the undeveloped Turtle and Barnett oil discoveries and has an area of 4,074 km².
Melbana has identified the potentially giant Beehive prospect, located in ~40m water depth and defined by a tight grid of high quality 2D seismic data, as one of the largest hydrocarbon prospects in Australia. The Beehive prospect is a 180km² isolated carbonate build up of Carboniferous age with 400m of mapper vertical relief and a crest at 4,100m. Beehive is analagous to the giant Tengiz field in the Caspian basin which is also a Carboniferous isolated carbonate build-up.