Over 500 kilometers of 2D seismic has been acquired to date by Chinese geophysical service company BGP according to blocks SL-10B and SL-13 operator Genel Energy.
Sterling Energy said on Friday the government-sponsored 2D seismic campaign on the Odewayne block in Somaliland has commenced.
Sterling will be carried by London-listed Genel Energy PLC for all costs as the campaign satisfies the minimum work obligation for the period.
Initial results are expected late in the third quarter of 2017, after which Sterling will make its own technical evaluation of the data.
“We are very pleased that the 2D seismic campaign has commenced. It will provide the first detailed subsurface view in what is one of the last untested large frontier rift basins in Africa. We would like to congratulate the Ministry of Energy & Minerals for the successful start to the campaign,” said Sterling Chief Executive Officer Eskil Sterling.
The need for acquisition according to Genel has resulted from a surface seep study completed early in 2015 confirmed the outstanding potential offered by this huge acreage position.
Genel is targeting resources of over 1,000 mmbbls in blocks SL-10B and SL-13. The Odewayne block has a similar resource potential to this, targeting in order of 1,000 mmbbls.
Gravity and aeromag has already been acquired and interpreted over the entire 40,000 square km acreage.
This seismic program is the 2nd if its type, a 1st somewhat similar program to what was conducted in offshore Somaliland in 2008 through contracting with TGS-NOPEC.
Sterling Energy said on Friday the government-sponsored 2D seismic campaign on the Odewayne block in Somaliland has commenced.
Sterling will be carried by London-listed Genel Energy PLC for all costs as the campaign satisfies the minimum work obligation for the period.
Initial results are expected late in the third quarter of 2017, after which Sterling will make its own technical evaluation of the data.
“We are very pleased that the 2D seismic campaign has commenced. It will provide the first detailed subsurface view in what is one of the last untested large frontier rift basins in Africa. We would like to congratulate the Ministry of Energy & Minerals for the successful start to the campaign,” said Sterling Chief Executive Officer Eskil Sterling.
The need for acquisition according to Genel has resulted from a surface seep study completed early in 2015 confirmed the outstanding potential offered by this huge acreage position.
Genel is targeting resources of over 1,000 mmbbls in blocks SL-10B and SL-13. The Odewayne block has a similar resource potential to this, targeting in order of 1,000 mmbbls.
Gravity and aeromag has already been acquired and interpreted over the entire 40,000 square km acreage.
This seismic program is the 2nd if its type, a 1st somewhat similar program to what was conducted in offshore Somaliland in 2008 through contracting with TGS-NOPEC.
