Beehive now stands at 400MMboe

MELBANA Energy has released a prospective resource upgrade at its Beehive prospect offshore Western Australia that equates to 400 million barrels of oil equivalent and said it expects to drill a wildcat late next year. 

Beehive now stands at 400MMboe Beehive now stands at 400MMboe Beehive now stands at 400MMboe Beehive now stands at 400MMboe Beehive now stands at 400MMboe
Melbana said the upgrade works out at around 7% after a review of recent 3D seismic work.  The prior work was done in 2018 by McDaniel and Associates based on older 2D data.