Highlights
- 2026 exploration planning continues to mature with the completion of the Bedout
Seismic Mega Merge Project
- The Mega Merge Project creates a seamless, high-resolution dataset, which enhances
basin-wide prospective resources definition
- The high-quality seismic dataset covers over 15,000km² of the Bedout Sub-basin and
will greatly assist in selecting exploration drilling targets for Q3 2026 and beyond
- Bedout multi-well exploration drilling Environmental Plan preparation well progressed
Carnarvon Energy Limited (“Carnarvon”), in collaboration with its Bedout Joint
Venture (“JV”) partners, is pleased to announce the successful completion of the Bedout MegaMerge seismic reprocessing project - a major advancement in subsurface imaging and
exploration prospectivity definition across the Bedout Sub-basin.
This milestone delivers one of the most advanced seismic datasets ever developed in the region.
The project integrates 10 seismic surveys, covering 15,240km², and provides more than 80%
seamless coverage of the Bedout JV acreage (refer Figure 1).
The data was expertly reprocessed and merged using modern geophysical techniques by DUG
Technology, resulting in a unified, high-resolution dataset (see example in Figure 2).
Insights gained from this contemporary dataset will directly inform selection of the 2026
exploration target and guide the future Bedout exploration strategy. The dataset also provides
enhancement to the definition of the Bedout prospective resource base and associated
geological risk profile.
In parallel, the JV is well progressed in preparing the multi-well drilling Environmental Plan (“EP”)
submission required for upcoming and future exploration activities, with drilling planned to
commence Q3 2026. The Relevant Persons consultation process for the EP has already
commenced.
Carnarvon CEO, Philip Huizenga, commented:
"The recently completed Mega Merge Project has provided our technical team an unparalleled,
coherent view of the Bedout Sub-basin’s subsurface, encompassing our discoveries, identified
prospects and potential new targets.
“The quality and clarity of the merged dataset enables Carnarvon to confidently assist with
finalising our drilling target for the proposed 2026 drilling campaign with a focus on maximising
resource volume upside.
“The exploration potential in the Bedout Sub-basin is unrivalled in Australia, and Carnarvon is
very excited to continue this journey. I look forward to the commencement of drilling, which is
expected to be in the third quarter of 2026.”
Quality Dataset
The enhanced seismic dataset features significantly improved resolution, reduced noise and
greater clarity, offering a more detailed and accurate picture of the subsurface than ever before.
This advancement has enabled the identification of previously undetected structural features
and stratigraphic trends, enriching the JV's understanding of the region's geological potential.
The dataset is already being utilised for early interpretation, guiding the JV towards areas with
high exploration potential.
Phase II of the project, now underway, will apply Quantitative Interpretation (QI) and Seismic
Inversion techniques to refine further subsurface predictions - particularly regarding rock
lithology for reservoir and seal characterisation.
This will support high-grading of prospects for future drilling.
Next Steps
• The enhanced seismic dataset is currently under interpretation, with the additional
insights from the QI and Seismic Inversion processes to be incorporated in the next
quarter.
• The JV partners will use this information for refining the target location within the EP
operational areas.
• During this period, the JV will engage with drilling companies to determine rig suitability
and availability.
• Subject to regulatory and JV approvals, drilling is anticipated to commence in Q3 next
year.