Australia VIC/P57
3D Oil (24.9%) and their partners Hibiscus Petroleum (75.1%) are seeking invetsment to drill a number of prospects mapped on recent CGG 3D siemsic data.
While there are no wells within the current permit area of VIC/P57, there is extensive local well control along the Seahorse Fault to the south, which bounds a large regional anticline that hosts several oil and gas discoveries, including West Seahorse, Seahorse, Wirrah, West Moonfish and Moonfish.
In 2018, 3D Oil purchased 564km2 of the 3D CGG Gippsland Regeneration Reprocessing as part of the first term work commitment, covering surrounding discoveries for detailed geophysical calibration to identified leads and prospects. This has delivered a significant uplift in image quality across the area and has increased confidence in depth conversion over important leads and prospects in the upper Latrobe Group section, which were previously affected by complex velocity variations within shallow formations.