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Award of 3D Seismic Reprocessing Contract

Source: www.gulfoilandgas.com 11/30/2017, Location: Africa

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Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, is pleased to announce the award to DMT Petrologic GmbH & Co. KG ("DMT Petrologic") of a contract to reprocess the 3D seismic data over and around Tower's Thali license in Cameroon.

The contract, awarded following a competitive tender among six companies, covers merging and reprocessing data from five existing surveys, to cover an area of approximately 500 km2 including the entirety of the Thali block and also the surrounding area, encompassing both the three discovery wells on the Thali block itself, and additional key wells which will provide further data control.

The reprocessing work will achieve higher resolution imaging and obtain additional information to upgrade the existing prospect inventory on the Thali block.

DMT Petrologic has extensive experience in the reprocessing of legacy 3D seismic data in West Africa and elsewhere, including in Cameroon, and expects this work to be completed in the first quarter of 2018 at a cost in line with the Company's original expectations.

Jeremy Asher, Chairman & CEO, commented: ,/b>

"This work will allow us to make a more detailed evaluation of the many prospects on the Thali block, including the existing discoveries at Njonji and Rumpi. We expect to crystallise greater confidence in the volumetric estimates of existing leads and prospects as well as identifying new ones. This will form the basis for our drilling plans, to be confirmed via a Competent Person's Report (CPR) next year. We look forward to working with DMT Petrologic and will update shareholders as the work proceeds. We are also finalising our plans for an environmental survey in advance of drilling on the Thali block, and will advise further when those arrangements are complete. We are fully committed to our goal of reaching production at Thali as soon as possible."

For more information about related Opportunities and Key Players visit West Africa Projects

Seismic survey News in Cameroon >>

Guyana >>  4/19/2018 - Eco (Atlantic) Oil & Gas Ltd. (ECO), is pleased to provide an update on the processing and interpretation of its recently acquired 2,550 sq km of 3D s...
Australia >>  4/17/2018 - MEC Resources has provided an update on the PEP11 2D seismic exploration survey offshore New South Wales. The Company’s investee Advent Energy holds a...

United Arab Emirates >>  4/16/2018 - Seabed Geosolutions has received a contract award for an ocean bottom seismic project in the Middle East. The survey to acquire high quality 3D seismi...
United States >>  4/12/2018 - TGS further expands its 2018 onshore seismic activity with the announcement of the Gloss Mountain 3D seismic survey. Gloss Mountain is a significant a...

Australia >>  4/11/2018 - Melbana has engaged Santos to perform operational services in connection with a 3D seismic survey data over the Beehive prospect in the Bonaparte Gulf...
Norway >>  4/11/2018 - TGS announces an expansion of its Atlantic Margin multi-client program in the Norwegian Sea. The new AM18 3D Extension, will comprise 5,135 km˛ of 3D ...

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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