Spectrum, EMGS Work Together in Foz do Amazonas Basin (Brazil)

Spectrum, EMGS Work Together in Foz do Amazonas Basin (Brazil)

Spectrum and EMGS have entered into a cooperation agreement in the Foz de Amazonas basin in Brazil.

Spectrum already has over 21,000 kilometers of MC 2D seismic data coverage of this highly prospective area of the equatorial margin. EMGS has been given access to this data for planning and improved imaging purposes and will soon start the acquisition of MC 3D resistivity data in a regional, multi-client program covering approximately 8000 km2 of the Foz de Amazonas basin. The program, which has generated broad industry interest, covers offshore blocks that have been included in the 11th licensing round.

“This is the first project of its kind and we are delighted to team up with Spectrum in this exciting frontier basin,” says David Hicks, president of EMGS’s multi-client business unit. “The combined data offering will add insights to reservoir location and size, and highlight new leads, thereby providing customers with a competitive advantage in their licensing and exploration strategies.”

“Together, the two companies will provide the industry with a unique opportunity to use high-quality 2D seismic and 3D resistivity data at an early stage in the exploration cycle. We believe the two datasets form a powerful set of exploration tools that can reduce risk and create new opportunities,” said Richie Miller, Spectrum’s EVP Multi-Client North & South America.

[mappress]

Press Release, March 21, 2013

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