Spectrum is set to commence acquisition of a new 2D Multi-Client seismic survey in early November 2011 which covers several areas in the northern equatorial margin offshore Brasil. The survey area includes sector blocks expected to be announced in the 11th license round in the second quarter of 2012. The acquisition will focus on the Barreirinhas and Ceara basin with additional regional tie lines. Phase 1 of this program is 12,000 km.
The survey is supported by industry prefunding.
"Spectrum is excited to embark on this seismic campaign in an area with very limited exploration activity. The survey was designed to image the basins where industry believes the prospectivity is the highest and where the Round 11 blocks will be released. This is Spectrum's first planned phase in Brasil and it is part of our strategic plan to grow our library in Brasil and Latin America", commented Richie Miller, EVP North & South America.
The seismic data will be acquired by Dolphin Geophysical's Polar Explorer. The data will be processed at Spectrum's processing center in Houston, with the final products scheduled for delivery during Q1 and Q2 2012, to coincide with the anticipated Licensing Round 11 opening.
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 the UK, Norway, USA, China, Egypt, Australia, Indonesia and Singapore. SPU designs, acquires and processes seismic data to deliver high quality solutions through its dedicated and experienced workforce.
Spectrum holds the world's second-largest library of Multi-Client 2D marine seismic data. 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.
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