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Schlumberger Subsidiary Acquiring Seismic Data Offshore Sri Lanka

Source: www.gulfoilandgas.com 9/3/2018, Location: Asia

Research vessel BGP Pioneer, sailing under the flag of Panama, is to commence seismic data acquisition for exploring Sri Lanka’s prospects for petroleum resources in selected offshore areas of the island. The seismic survey will comprise 5,000 line kms of data in the JS5 and JS6 exploration blocks in the Lanka Basin.

The Petroleum Resources Development Ministry (PRDS) signed an agreement in May with Eastern Echo DMCC, a subsidiary of Schlumberger, to explore oil and gas resources. The PRDS identified three basins, which are Mannar, Kaveri and Lanka. These basins are divided as follows: Mannar basin from M-01 to M-10, Kaveri basin from C-1 to C-5, Lanka basin from JS-1 to JS-6. ‘BGP Pioneer’ is set to commence operations in the Lanka basin.

The company will collect, market and license petroleum data on 'multi-client' basis, enabling several data acquisition projects, including 2D and 3D seismic data.

This agreement acts as an umbrella for the execution of several multi-client based service agreements to carry out seismic data acquisition surveys, advanced data processing, interpretation work or modeling of petroleum systems.

Eastern Echo DMCC expects to invest 50 million dollars for the exploration under this agreement and they will recover it from sales proceeds to multiple investors.

Seismic survey News in Sri Lanka >>

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Norway >>  5/16/2019 - Electromagnetic Geoservices (EMGS) has entered into an agreement for a fully pre-funded multi-client 3D CSEM survey in the Norwegian Barents Sea. The ...
Australia >>  5/15/2019 - 3D Oil Limited (3D Oil) is pleased to inform the market that it has been awarded the necessary environmental approvals from the Commonwealth Statuary ...

China >>  5/15/2019 - Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has advised that comprehensive analysis...
Guinea >>  5/15/2019 - PGS’ latest MultiClient 3D GeoStreamer acquisition covering blocks A4 and A5 of the Republic of Guinea was completed on 8th May 2019. Fast-track proce...

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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