Lakes Blue Energy NL, Sydney, has started first phase exploration in its technical collaboration agreement with TotalEnergies in the Cape Ward Hunt and Cape Vogel regions of eastern Papua New Guinea.
Work involves rock and fluid sampling (liquids and gas) from locations where the potential source and reservoir rocks outcrop and where oil and gas seeps have been reported.
Recent reconnaissance activities and discussions with local province leaders have identified previously unrecorded oil seeps that will be targeted during the field work program, the company said.
Samples will be collected from both onshore and offshore locations surrounding the predominantly offshore PPL560 permit in Buna subbasin off the country’s northeast coast near Popondetta. In some cases samples will be taken where local fishermen have observed gas bubbling from the seafloor.
Sampling will take about 1 month, after which, the samples will be shipped to France for analysis by TotalEnergies to confirm the presence of a working hydrocarbon system.
TotalEnergies will have the option, at its cost, to undertake a seismic acquisition program to delineate the PPL560 Buna prospect, which has potential to hold multi-tcf of gas, Lakes said. The program could then lead to drilling a Buna wildcat.