Eco Atlantic Completes 2D Survey on Guy Block

Source: www.gulfoilandgas.com 12/2/2014, Location: Africa

Eco (Atlantic) Oil & Gas Ltd is pleased to announce that, further to its news release dated November 17, 2014, it has successfully completed a 1,000 Km 2D Seismic Survey on the Guy block located in the Walvis Basin, offshore Namibia. The Survey was executed by PGS Geophysical Ltd. (“PGS”) using its high resolution GeoStreamer technology. The Company has also contracted PGS to begin processing the 2D data immediately.

Colin Kinley, Chief Operating Officer of Eco Atlantic, the Operator of the Block commented: “The Guy Block in the Walvis basin is a strategic asset for Eco and our partners, Azinam and NAMCOR. This 1,000 Km 2D program has allowed us to further focus our exploration and add to our existing seismic database on this block. Our detailed analysis, assisted by the expert staff at Azinam, combined with the results of recent drilling in the region, has given us a new and more focused perspective of where to shoot our 3D survey. Importantly, we received approval to tie this survey into the recently drilled wells of our neighbors, HRT, enabling both HRT and ourselves to better understand the basin. We engaged the same ship and crew to complete this work and we benefited from Azinam’s field management. Our confidence in establishing a resource is increasing as we progress the exploration.”

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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