Empyrean completes seismic survey off China
London-listed oil and gas company Empyrean Energy has completed 3D seismic data acquisition in Block 29/11 offshore China.
Block 29/11 is approximately 1,800 square kilometers and is situated approximately 200 kilometers off Hong Kong in water depths ranging from 340-600 meters.
Empyrean, a company with interests in China, Indonesia, and the United States, has a 100 percent working interest during the exploration phase in Block 29/11.
The company said on Wednesday that the survey of the block began on June 6 and that, since the raw data has been acquired, seismic vessel is demobilizing from the survey area. It is worth reminding that Empyrean contracted China Oilfield Services Limited (COSL) to conduct the survey.
The survey acquired 580 square kilometers of new 3D seismic data over the permit, including key prospects named Jade and Topaz.
Apart from the data acquired in the block, a further 28 square kilometers of 3D data were acquired as part of the overall survey along the western boundary of the block, extending over the LH 23-1d oil discovery, west of Empyrean’s permit.
Empyrean expects the additional data to help evaluate the extent of a potential geological tie between the LH 23-1d oil discovery and Jade and Topaz.
Tom Kelly, Empyrean CEO, said: “We are pleased to report that the 3D marine seismic survey acquisition has been completed on schedule with excellent quality 3D data acquired. COSL provided a highly professional service during the operations, and we are pleased with their cooperation and the quality of data produced from the survey.
“In conjunction with COSL, we have already commenced processing the raw data. While the full processing and interpretation will take some months to complete fully; we will be able to fast track some of the initial processing of raw data over our key prospects, Jade and Topaz. This is expected to give potential resource size estimations for Jade and Topaz within weeks.”