Very little in OEL documentation re subsurface depths to the expected payzones of leads and prospects, but on presentation seismic shots, the axis scale shows Nido Limestone at just over 3,000mts on the crest of Marantao in one pic, and just over 2,500mts on another.
BHPP may want to look for possible deeper prospective payzones because of the Sabah regional fairway. The Kikeh field is in several productive zones of oil sands.
I had a look at Murphy's work in the Kikeh block offshore Sabah...couldn't find any references on the TMD or TVD for the Kikeh wells, but when they drilled Senangin#1 (14km outboard Kikeh), the TMD (deviated?) was 15,962ft (4,865mts) to the same multiple level oil bearing sands, albeit on another trend.
I don't think OEL would have been looking at anything that deep (presentation seismic pic stops at 4,500 mts).
Anyway, this is all speculation on my part. Next time you talk to the office, ask them why BHPP shot deeper seismic, and what they were looking for.
OEL Price at posting:
9.6¢ Sentiment: LT Buy Disclosure: Held
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