Searcher Seismic to Acquire Pinatubo Multi-Client 2D Seismic Survey
- Business & Finance
Searcher Seismic announces the proposed acquisition of the Pinatubo multi-client 2D seismic survey.
Searcher plan to acquire the 3,843 km survey covering a 10 by 20 km grid in the West Luzon Basin. The survey includes coverage over the PECR5 bid round blocks 8,9,10 & 11.
The Pinatubo 2D survey offers for the first time a modern seismic 2D coverage to evaluate the West Luzon Basin. The survey covers an unexplored area and will provide data sufficient to define major structural trends and plan detailed follow up surveys.
The Pinatubo multi-client 2D survey provides 3,843 km of long offset, broadband data critical to progressing the evaluation of this area.
Acquisition has commenced and is due for completion in late August. Fast track data will be available to ensure ample time for evaluation of the blocks for PECR5 bidding round.
Press Release, July 22, 2014