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Completion of Tapi Aike Seismic Acquisition

Source: www.gulfoilandgas.com 6/19/2019, Location: South America

Echo Energy plc is pleased to announce the safe and efficient completion of the 3D seismic survey across the western cube on its Tapi Aike licence in Argentina and that processing of the western cube dataacquired has now commenced. Equipment is currently being demobilised out of the area by the seismic acquisition contractor UGA SeismicS.A.

The timely competion of seismic acquision at Tapi Aike prior to the end of H1 2019 is a key opetional milestone for the Company and one which ensures that the pathway to drilling Tapi Aike remains on track - with spud currently ancipated to take place in Q4 2019. The Company is working closely with its Argentian partner, and operator of the Tapi Aike licence, Compania General de Combusbles S.A. CGC), to drill early in that window now that the seismic acquisition phase has completed.

Sesimic data acquired is now being processed by respected independent processing houses in Buenos Aires, with the processing of the eastern cube (Chiripa Oeste, 414 sq km) data by Wellfield Services LTDA nearing competion and the processing of western cube (Travesia de Arriba, 790 sq km) data being undertaken by Seismic Prospect S.R.L.

The acquision and processing of 3D seismicat Tapi Aike builds on the previous interpretaon of the large amount of historical 2D data that exists on the block (3,400 line km 2D with average line spacing of 4 km), which is guiding the processing priorities of the new 3D data.

Echo looks forward to updang shareholders in due course, and as appropriate, asit contnues to progress towards drilling.

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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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