The Sea Lion prospect is situated in permit VIC/P57 offshore Australia. 3D Oil Limited operates the permit with a 49.9% stake; while Hibiscus Petroleum holds the remaining interest.
Sea Lion is located to the west of the West Seahorse oil field, on an extension of the oil fairway. It is a simple structural closure against the Rosedale fault with the potential for oil at multiple levels. The operator plans to explore the prospect, which most likely has recoverable volumes assessed at around 20 MMstb, but there is potential for greater volumes if hydrocarbons are confirmed at multiple levels.
The Sea Lion prospect is situated in permit VIC/P57 offshore Australia. 3D Oil Limited operates the permit with a 49.9% stake; while Hibiscus Petroleum holds the remaining interest.
Sea Lion is located to the west of the West Seahorse oil field, on an extension of the oil fairway. It is a simple structural closure against the Rosedale fault with the potential for oil at multiple levels. The operator plans to explore the prospect, which most likely has recoverable volumes assessed at around 20 MMstb, but there is potential for greater volumes if hydrocarbons are confirmed at multiple levels.
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