Spectrum is commencing a new 20,000 km 2D survey in Colorado and Salado basin offshore Argentina. This new program ties with Spectrum’s existing 35,000 km survey that was acquired in 2017 for the ongoing first offshore licensing round
The survey is done in cooperation with BGP utilizing the vessel BGP Pioneer.
Data is being acquired with a 12 km streamer with continuous recording to image deep reflection and high fold data. This will support full interpretation from Moho to water bottom. The data will be processed with PSTM, PSDM and Broadband products with first deliveries in Q2 2019
“The Colorado 2D survey is adding to Spectrum portfolio of projects in Argentina. It is in line with our growth strategy to develop an extensive 2D database for regional evaluation of these high potential offshore basins. The new seismic will be utilized to assist the Ministry in placement and design of sectors for future license rounds offshore Argentina. It is anticipated that the shelf area of these basins will be included in the second offshore license round, expected to open in 2019.
Spectrum will continue to work with oil companies and the Argentina government to provide high quality data ahead of future license rounds,” said Rune Eng, CEO of Spectrum.
For further information, please contact:
Dean Zuzic, CFO
Email: dean.zuzic@spectrumgeo.com
Tel: +47 41 43 35 60
About Spectrum
Spectrum provides innovative Multi-Client seismic surveys and high-quality seismic imaging services to the global oil and gas industry from offices in Norway,the UK, USA, Brazil, Egypt, Australia, Indonesia and Singapore. Spectrum designs, acquires and processes seismic data to deliver high quality solutions through its dedicated and experienced workforce.
Spectrum holds the world’s largest library of Multi-Client 2D marine seismic data and a significant amount of 3D seismic. The company’s strategy focuses on both the major, established hydrocarbon-producing regions of the world as well as key frontier areas identified by our experienced team of geoscientists. The Spectrum library of Multi-Client data contains projects from many of the foremost oil producing regions of the world. These include new acquisition, reprocessing and interpretation reports.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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