Australian energy company Melbana said surveys have started in the Beehive prospect, one of the largest undrilled prospects in the country. The country said seismic surveys were under way and on pace for completion by the end of August. Seismic surveys are used to get a better understanding of the reserve potential and Melbana said Tuesday that backers have exercised their rights to drill into Beehive later. Melbana has a 20 percent of the options in Beehive, alongside Total and Australian energy company Santos. “The Beehive prospect is potentially the largest undrilled hydrocarbon prospect in Australia,” Melbana’s statement read. Melbana stated that Beehive data will provide operators with a better idea of where to tap the first exploration well. The reserve is located near existing […]