Otto Completes Seismic Acquisition at SC69, Offshore Philippines

Otto Energy Ltd said on it website that the 3D seismic acquisition program commenced earlier in June has successfully been completed. The marine operations for the acquisition along with the onshore support teams have all run very smoothly resulting in successfully acquiring of over 210 km2 of high quality 3D seismic data.

The seismic vessel BGP Explorer, operated by Exploiter Pte Ltd (a subsidiary of BGP ), was contracted to record the seismic data.

Otto will now move to process the newly acquired seismic data. This will take approximately six months, prior to interpretation.

Otto’s Managing Director Paul Moore said “We would like to thank all of our staff, contractors, Government representatives and involved parties in supporting the execution of this project. The program has been run efficiently resulting in a high quality product. We look forward to maturing the Lampos and Lampos South prospects following the interpretation of these new seismic data over the coming months.”

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Source:Otto , June 23, 2011; Image:BGP