Santos sweetens Beehive

A map of the Beehive Prospect and surrounding permits.

A map of the Beehive Prospect and surrounding permits.

Santos and Total have agreed to fully fund a 3D seismic survey of the Beehive Prospect, located in WA-488-P in the Bonaparte Basin, off the coast of northern Australia.

The agreement between Santos, Total and Melbana Energy will see Santos and Total fund the costs of the 3D survey in return for an option to acquire an 80 per cent operating interest in WA-488-P.

If the option is exercised, Santos and/or Total will fully fund the costs of activities until completion of the first well in the permit and, if there is a commercial discovery, Melbana will repay carried funding from its share of the cash flow from the Beehive field.

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

Enter your details to receive a free trial to Pipeline, Plant & Offshore

Thank you for signing up for the Pipeline, Plant & Offshore trial.