Serica Acquires 3D Seismic Data Offshore Namibia

Serica Energy plc announces that it has completed the acquisition of 4,180 square kilometres of 3D seismic data in its Luderitz Basin Blocks, offshore Namibia.

The survey, conducted by Serica on behalf of its partners in the Licence, BP, NAMCOR and IEPL, commenced on 10 May and took four and a half months to complete. The survey was undertaken by Polarcus Seismic Limited using the 10-streamer seismic vessel Polarcus Nadia.

Tony Craven Walker, Serica’s Chairman and Interim Chief Executive said: “The completion of this extensive survey, only nine months after the award of the licence, is an important step in the exploration of this largely unexplored basin. The data is of exceptional quality and has been acquired in the south east of the licence area over a clearly defined prospect which is located in a good setting for potential reservoir development. It is now being processed fully to delineate the prospect and to identify additional prospects associated with locally present channel sands. Initial results are expected to be available around the end of the year and will be amalgamated with regional geological information prior to determining a forward drilling programme.”

[mappress]

Press Release, October 01, 2012; Image: Polarcus