Gulf Oil and Gas accountACCOUNT

Primeline Completed Regional 2D Seismic Re-Processing

Source: 11/17/2008, Location: Asia

Primeline Energy Holdings Inc. today reported that the Company has completed the re-processing of 3,673 km regional 2D seismic data, in its Block 25/34, and commenced a new round of regional evaluation.

The Company is continuing with its dual strategy of exploring for additional resources whilst proceeding with the preparation of Overall Development Plan (ODP) for a stand-alone development for the existing Lishui 36-1 discovery. The exploration programme involves drilling a step out exploration well in the nearby prospect in the Lishui Gas Play, adjacent to the Lishui 36-1 discovery, and further regional evaluation for the remainder of Block 25/34.

The Lishui Gas Play, in the Lishui West Basin of East China Sea, is covered by 3D seismic data, and through detailed interpretation, the Company has identified several high potential prospects. The remainder of the 7,006 km2 Block 25/34 is covered by 2D seismic data. In and around this basin there are a total of seven previously drilled wells (in addition to Primeline's discovery wells) that had various forms of hydrocarbon shows and flows. The Company believes that channel and canyon systems as identified in the Lishui Gas Play are likely to extend across the Basin and could be developed as future drilling targets with significant additional resources potential.

During the period from November 2007 to June 2008, the Company carried out a thorough testing programmer for re-processing part of the 23,000 km 2D seismic available to the Company which is of various vintages spanning over 20 years. The Company signed a contract with Hispec in June 2008 to reprocess 2D seismic data based on agreed parameters from the testing programmer. Hispec has now completed the reprocessing of a total of 3,673 km 2D seismic data. The Company in London has received the data, and RPS Energy, the Company's consultant, will now commence the next round of regional evaluation using this new data.

The Company's regional geological and geophysical evaluation include the interpretation of these regional 2D seismic data in and around Block 25/34 and reviewing the information from 12 wells previously drilled in the region by other companies. This regional evaluation is aimed at identifying and documenting the exploration potential in the Basin to provide the Company with prospect inventories. The results will guide future exploration work programmer in the remainder of Block 25/34 outside the Lishui 36-1 Gas Play area that is covered by 3D seismic data.

Separately, following the signing of the Agreement in Principle for gas sale as announced on 27th October, the Company is now proceeding with the preparation of ODP for the Lishui 36-1 discovery. Project teams are now being established in Shanghai and London to manage the ODP work. The terms of the appointment of the ODP contractor(s) are currently being finalized and the Company will make a further announcement when such appointments are made.

Seismic survey News in China >>

Singapore >>  7/31/2020 - Polarcus Limited (Polarcus) (PLCS) announces that a letter of intent has been received for 3D seismic data acquisition services in Asia Pacific with a...
United Kingdom >>  7/29/2020 - Magseis Fairfield has together with its partner, CGG, secured pre-funding from another oil major for the extension of the OBN Cornerstone multi-client...

Australia >>  7/28/2020 - The 3D seismic data from Keraudren provides a marked improvement in data quality over targeted reservoir intervals discovered and appraised in the thr...
Mauritania >>  7/23/2020 - ION Geophysical Corporation announced the first 3D multi-client program in Mauritania in partnership with the Ministry of Petroleum, Mines and Energy ...

Norway >>  7/23/2020 - In July’s First Break, PGS shows how a trained deep convolutional neural network may work for noise attenuation in seismic processing. Traditional num...
Morocco >>  7/20/2020 - Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil and gas exploration, development and production company, announces that Finan...

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 

China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

Oil & Gas Projects in China >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.