Carnarvon Petroleum advises that the Archer 3D seismic acquisition is progressing as planned, with around 63% of the planned ~1,600km² seismic survey acquired to date.

The Archer 3D is being acquired over the Dorado field and surrounding near-field prospectivity, in conjunction with the contiguous WA-541-P joint venture.

Following the completion of the Archer 3D, the survey vessel will then be used for the Keraudren Extension 3D survey.

Carnarvon’s Managing Director and Chief Executive Officer, Adrian Cook said:
“The Archer 3D survey has been designed to enhance our understanding of the exploration potential to the south east of the Roc and Dorado fields.

Even modest discoveries in this area have the potential to generate tremendous value by tying them into the nearby Dorado field facilities for minimal additional capital expenditure.

The new seismic data will also provide the Joint Venture with additional information over the Dorado field. The data is expected to provide important information over the production phase of the asset, for example, in building 4D models to monitor fluid movements throughout the field life.”

Dorado field

The Dorado field is an important development in the Australia energy landscape consisting of 150 mmbbls+. Discovered in 2018 as part of the greater Phoenix exploration. The Dorado project is currently in the pre FEED (Front End Engineering and Design) phase, facilities are being designed for production of 75,000 to 100,000 barrels per day.

Carnarvon continues to unlock the potential of the Sub Bedout Basin and is planning to drill the Apus and Pavo prospects late 2021.

KeyFacts Energy: Carnarvon Petroleum Australia country profile