The National Offshore Petroleum Titles Administrator approved MEO Australia and the WA-454-P joint venture’s application to extend the work permit program by six months off Western Australia.
The December 2015 extension is to provide additional time to undertake seismic reprocessing and defer the current well commitment, which will now take place in the sixth year of he exploration permit.
As a result, the proposed Breakwater-1 exploration well is expected to be drilled prior to the revised permit expiration date of 8 December 2017.
“The variation of the Year 4 work program will allow the undertaking of additional seismic pre-stack depth migration (PSDM) reprocessing with the goal of further de-risking the Breakwater-1 well, which has been deferred until Year 6 ending in December 2017,” MEO’s MD & CEO Peter Stickland said.
