Friday, June 10, 2011
Searcher Seismic Pty Ltd.
Searcher Seismic in conjunction with its project partner MAGE announced the commencement in acquisition of the Bjornoya Basin North (BBN11) 2D Non-Exclusive Seismic Survey in the Norwegian Barents Sea utilizing the seismic vessel the RV Professor Kurentsov. The survey is sponsored by Front Exploration, a "High North focused" exploration company based in Northern Norway.
The BBN11 2D Seismic Survey is a high resolution 2D seismic survey of 3,121 kms that in particular targets the shallow prospective sedimentary section along the Bjornoyrenna Fault Zone Complex. The survey provides a dense infill to the existing seismic data resulting in improved data coverage to a 1 x 1 km grid pattern. The BBN11 Survey will be seamlessly integrated with Searcher’s ongoing regional Havspurv 2D Seismic Survey utilizing similar high resolution acquisition parameters.
The BBN11 Survey provides a total coverage of 2100 sq.km located in the vacant area about 30 kilometers north of the recent giant Skrugard oil discovery (250-500MMbbl recoverable reserves).
The data is scheduled to be completed in processing during 4Q 2011.
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