CGG today launched its Gippsland ReGeneration 3D reprocessing project in Australia’s Gippsland Basin, in South-East Australia.
The project will offer the industry the highest-resolution 3D seismic data available in an “extremely prospective area”, according to the firm.
To date, the Gippsland Basin has produced over 4 billion barrels of liquid hydrocarbons and 7 trillion cubic feet of gas, sourced from thick coal seams formed during the Paleocene to Eocene, and trapped in late Tertiary, inversion-formed, compressional structures.
Historically, imaging the Gippsland Basin’s shelf break and numerous submarine channels has proven extremely challenging. The first major offshore discovery in the basin was discovered more than 50 years ago.
Mark Richards, senior vice president, CGG, said: “CGG sees the Gippsland Basin as an exciting opportunity to show how its leading-edge seismic imaging technologies can enable the industry to breathe new life into a mature basin.
“With its well established infrastructure and under-developed resources, we believe this high-end reprocessing project has the potential to regenerate the basin and offer a solution to the projected shortfall in Australia’s East Coast gas supplies.”
Recommended for you
Read the latest opinion pieces from our Energy Voice columnists
- Opinion: Apart from oil sector tax break, Budget was an anti-climax
- Opinion: Out with the old and in with the reconditioned
- Opinion: All the hard work starting to pay off for Aberdeen and north-east
- Opinion: EY’s Derek Leith on what to expect from the Budget
- Opinion: Carbon capture and storage – put the kettle on