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201082-007
Well, (single target)3D Seismic
Well, (dual target)2D Seismic
Increasing exploration value per $ spent (WEQs)
2.01.00
Geoch
emica
l Sur
vey
Aerom
ag S
urve
y
Seism
ic Re
proc
essin
g
Geol +
Geo
ph x
Studi
es
SA
WA
Vic
tori
aQ
ue
en
sla
nd
*N
SW
NT
Off
sho
re (
DIS
R)
Wo
rk p
rog
ram
Yes
Yes
, se
ek i
ndus
try
Yes
Yes
, fo
r a
ll fo
rmer
Yes
No
, b
ut m
ay
Yes
, se
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ndus
try
bid
din
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put
int
o a
rea
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rea
sin
form
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are
as
toto
rel
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sug
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t a
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lea
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Ov
er
the
co
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ter
Yes
No
, b
ut h
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at
Yes
Yes
fo
r va
cant
Yes
Yes
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ap
pli
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stim
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land
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Petr
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info
wo
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exp
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pub
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da
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lp
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pub
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Yes
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I en
ab
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Yes
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in
gen
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es w
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all
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sre
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us s
ensi
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mer
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l d
ata
.
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rre
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pro
vis
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Yes
No
, b
ut h
ave
Yes
No
No
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ut n
ot
afo
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idd
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rem
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bid
din
gcu
rren
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stem
.G
ove
rnm
ent
po
licy
*ne
w le
gis
latio
n p
end
ing
Year Guaranteed well Non-guaranteed well1 1 12 0.9 0.453 0.8 0.44 0.7 0.355 0.6 0.3
Non-guaranteed Ng ≥ 2 xg Ng ≥ 3 x g Ng ≥ 4 x g Ng ≥ 5 x gyear
4 0.3 0.15 0.075 0.045 0.25 0.125 0.06 0.03
W here g = guaranteed program, ng = non-guaranteed program
Seismic survey type Seismic cost factor2D 0.23D 1.0
Type of work Cost discount factorSeismic reprocessing 0.05Aeromagnetic survey 0.02Geological and Geophysical studies 0.05Geochemical survey 0.01
±
±
W ork Program year 1 2 3 4 5Guaranteed Y Y Y N NNo. wells 1 1 1No. targets 2 2 2Seismic 2D (km)2D seismic cost ($k)Seismic 3D (km2) 1153D seismic cost ($k) 1150Seismic reprocessing ($k)G and G studies ($k) 200
W ork Program year 1 2 3 4 5W ell target score 2 2 2Timing and guarantee 0.9 0.8 0.3Total well score 1.8 1.6 0.6Seismic survey 1.15Seismic timing and guarantee 0.35Total seismic score 0.4025Other data acquisition 0.01Timing and guarantee 1.0Total data acquisition score 0.01
Total BID A SCORE = 4.41 WEQ
W ork Program year 1 2 3 4 5Guaranteed Y Y Y N NNo. wells 1 1 1 1No. targets 2 2 1 1Seismic 2D (km) 852D seismic cost ($k) 250Seismic 3D (km2)3D seismic cost ($k)Seismic reprocessing ($k)G and G studies ($k) 200
W ork Program year 1 2 3 4 5W ell target score 2 2 1 1Timing and guarantee 1.0 0.9 0.8 0.35Total well score 2.0 1.8 0.8 0.35Seismic survey 0.05Timing and guarantee 1.0Total Seismic score 0.05Other data acquisition 0.01Timing and guarantee 1.0Total data acquisition score 0.01
TOTAL BID B SCORE = 5.01 WEQ
W ork Program year 1 2 3 4 5Guaranteed Y Y Y N NNo. wells 1 2 2No. targets 2 1 2Seismic 2D (km) 1502D seismic cost ($k) 450Seismic 3D (km2)3D seismic cost ($k)Seismic reprocessing ($k) 100 100G and G studies ($k) 200 200 200 200 200
W ork Program year 1 2 3 4 5W ell target score 2 1 2Timing and guarantee 0.8 0.075 0.06Total well score 0.8 0.075 0.12Seismic survey 0.09Timing and guarantee 0.9Total Seismic score 0.081Other data acquisition 0.015 0.015 0.015 0.015 0.015Timing and guarantee 1.0 0.9 0.8 0.35 0.3Total data acquisition score 0.015 0.135 0.008 0.0035 0.003TOTAL BID C SCORE = 1.91 WEQ
±
Bidder W ells Tota l seism ic Tota l score Financia l(W EQ) ra t ing
Guaranteed N on-gua ra nteed Tota l
A 2 1 3 115 km2 3D 4.41 MarginalB 3 1 4 85 km 2D 5.01 InadequateC 1 4 5 85 km 2D 1.92 Adequate
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