Spectrum in large 3D survey offshore Brazil
Seismic services player Spectrum is starting a large 3D survey in the Potiguar basin offshore the Equatorial Margins of Brazil.
The survey comprises 10,700 square kilometer covering blocks that were recently awarded in the 15th license round and open acreage blocks scheduled for the 17th Round in 2020, Spectrum said on Monday.
The Potiguar survey is supported by industry funding and Spectrum is the sole operator of the project.
The survey is being acquired with a twelve cable long offset configuration in continuous recording mode. Acquisition parameters are optimized for broadband processing which will assist in the high definition mapping of prospects and drilling targets. First products will be available in the third quarter of 2019.
Rune Eng, CEO of Spectrum, said: “The Potiguar 3D survey is adding to Spectrum portfolio of projects in Brazil and it is in line with our growth strategy to place 3D projects based on extensive knowledge from our 2D database.
“Brazil is a core area for oil companies ranked as the largest oil producer in Latin America with one of the most promising oil reserves in the world.”