2D Multi-client Seismic Survey in Offshore Brazil

Spectrum is set to commence acquisition of a new 2D Multi-client seismic survey in November 2011 which covers several areas in the northern equatorial margin off the coast of Brazil. The survey area includes sector blocks expected to be announced in the 11th licence 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 programme is 12,000km.  

The survey is supported by industry prefunding.

 

Richie Miller, EVP North & South America said that 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 Brazil and it is part of the company's strategic plan to grow its library in Brazil and Latin America.

 

The seismic data will be acquired by Dolphin Geophysical's Polar Explorer. The data will be processed at Spectrum's processing centre in Houston, with the final products scheduled for delivery during Q1 and Q2 2012, to coincide with the anticipated Licencing Round 11 opening.