Carnarvon: Buffalo Project Update
Tuesday 20 February 2018
Carnarvon Petroleum Limited is pleased to provide the following update on its subsurface work in the Buffalo project.
Quality new seismic data has recently been received and is showing increasingly clear definition around the important Elang formation, which is the producing reservoir in the Buffalo oil field.
With the new data the reservoir in this region is clearly identifiable on seismic and has been reconciled with important well data within the oil field. This improvement in data quality increases Carnarvon’s confidence in the redevelopment of the field.
The results have been possible due to significant increases in computing power since the field was last in production in 2004. Carnarvon has been working in concert with the seismic reprocessing firm, DownUnder GeoSolutions, to achieve the current results.