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Circle Oil Announces Operational Update in Oman

Source: www.gulfoilandgas.com 10/18/2010, Location: Middle East

Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company is pleased to announce the following operational update on its activities in Blocks 49 onshore and 52 offshore, Oman.

Oman Block 49
The Company has received the first preliminary data set of the stacked data using first pass velocity models and a preliminary post stack migration. Full enhanced 3D velocity modeling and prestack migration processing is now underway and will continue over the next few months and we are pleased to confirm that "first look" at the preliminary dataset indicates the features consistent with the presence of the Ara Salt Formation together with interpretable internal structures.

Oman Block 52
The Company still expects the seismic vessel to arrive in mid - November 2010. Thus the 5,000 kilometres of 2D marine seismic, to be shot to firm up identified leads into firm prospects, is presently expected to commence on schedule.

Commenting Prof. Chris Green, CEO, said:
"In Oman, programmes continue on schedule in both Blocks 49 and 52 and we are pleased to be able to see first indications of features consistent with the presence of the Ara Salt Formation on the 3D seismic data."



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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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