Fig. 1. Leni is expanding its onshore interests at Icacos in Trinidad and Tobago.
Seismic surveys progress worldwide
From Malta to Mongolia, a raft of new seismic surveys have been announced. Sean Ottewell reports.
Von Malta bis in die Mongolei: eine Reihe neuer seismischer Messungen wurde bekannt geben. Sean Ottewell berichtet.
Desde Malta hasta Mongolia, se ha anunciado un montón de nuevos estudios sísmicos. Informe de Sean Ottewell.
eni Gas & Oil (LGO) has welcomed the announcement from Mediterranean Oil & Gas (MOG)
that it has commissioned the 3D seismic survey for the Area 4 licence offshore Malta under the production sharing contract (PSC) signed with the Maltese government in 2008. MOG is operator of the Area 4 PSC.
LGO owns a 10 per cent interest in the PSC covering Blocks 4, 5, 6 and 7 offshore Malta adjacent to the internationally recognised border with Libya. LGO chief executive Neil Ritson said:
“We are pleased to report progress towards drilling in Malta. Area 4 is surrounded by proven petroleum basins in Libya, Tunisia and Italy and we look forward to evaluating the new data ahead of selecting a possible drilling location in this prospective area of the Mediterranean.” Te most mature prospects are located in Block 7 close to the Libyan pelagic basin
and are the target of the new seismic data acquisition, the group said. In market comments, Shore Capital said that although LGO will be placing greater emphasis on its projects in Spain and Trinidad, which are operated, onshore and generally at a later stage of asset development, “we think that this is encouraging news, confirming continued progress on exploration in a highly prospective area.” MOG entered into a PSC with the
Maltese government three years ago following an encouraging geological and geophysical pre-assessment of Area 4 undertaken by the company and its consultants. Four prospects and five leads have been
confirmed and delineated in the PSC area. Te total un-risked hydrocarbon potential of the PSC area is estimated to be around five billion barrels of oil in place with the
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