Afren Commence 1800 Km 2D Seismic Program in Block 1

Source: www.gulfoilandgas.com 3/12/2012, Location: Africa

Lion Petroleum Corp. announces that its partner Afren plc has started the acquisition of 1800 km of 2D seismic in Block 1, north-eastern Kenya. This is a key step in the exploration of Block 1, which has not seen exploration activity since approximately 1990. The seismic crew first entered the area in late November, 2011. After building the seismic camp and logistical preparations, recording of new seismic data has now commenced. The purpose of the new seismic is to delineate exploration prospects for drilling during 2013. Depending on rate of acquisition, the 1800 km survey should be completed during the third quarter of 2012. The partnership is utilising real-time field processing and interpretation of the new data.

The location of Block 1 is shown on the following map. Block 1 occupies over 31,781 square kilometres (7.8 million acres) in the Mandera Lugh basin, which extends north into Ethiopia where it is known as the Ogaden basin. Lion has a 50 per cent (50%) working interest and is carried through the first 600 km of seismic expected to cost approximately US$6 million gross, by Afren, the operator, which farmed-into the licence. In the first half of 2011, the partnership acquired airborne gravity and magnetic data to define the major basin geometry and to plan the new seismic.

There is clear evidence of a working petroleum system in the basin. The well-known Tarbaj oil seep is located in the south-west portion of Block 1. In Ethiopia, close to the Block 1 border, the El Kuran 1 & 2 wells drilled by Tenneco in 1972 encountered oil; an offset exploration well is expected to be drilled later this year by Africa Oil. To the west of El Kuran, the Genale oil seep occurs on the basin flank. Further north, the basin is gas productive from the Hilal and Calub fields, which also have light oil.

Block 1 presents a very exciting exploration opportunity. Lion is pleased that the recording of the new 2D seismic has now commenced, and looks forward to defining multiple drill targets from the interpretation of the seismic, leading to exploration 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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