Monday, July 11, 2011
BGP Inc.
Vanoil has executed an agreement with the Chinese seismic firm Bureau of Geophysical Prospecting (BGP) for a survey over acreage in Kenya. BGP will commence the 2011 seismic data acquisition programs on Vanoil's 100% owned Block 3B in Kenya.
Under the terms of the contract BGP will acquire around 373 line-km, 320-fold seismic data. Completion of the data acquisition phase is expected by the end of September.
This is the second seismic program Vanoil has contracted BGP for. From further evaluation and understanding of the 2010 seismic program, Vanoil has decided to move forward with a second survey. Vanoil said that the data acquired in 2010 is currently being evaluated by Sproule Internationa and results are expected within the next few weeks.
Dal S. Brynelsen, president and CEO of Vanoil, commented, "We are very pleased to have executed a second agreement with BGP and look forward to engaging such a high quality organization to implement our seismic plans for Block 3B."
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