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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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United Kingdom >>  12/11/2018 - Hydraulic fracturing operations at the Preston New Road site are currently paused following a minor seismic event. A number of minor seismic events ...
Brazil >>  12/10/2018 - Spectrum is commencing a large 3D seismic survey in the Potiguar basin offshore the Equatorial Margins of Brazil. This survey comprises 10,700 square ...

Oman >>  12/10/2018 - Following the successful reprocessing of older 2D seismic data, Tethys Oil has launched a new seismic campaign on Block 49. A total of 250 km2 of 3D a...
Ireland >>  11/30/2018 - Providence Resources, the Irish based Oil & Gas Exploration Company, has provided an update on the planned well site survey operations over Standard E...

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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