Eaglewood Energy exploring options offshore Papua New Guinea

Eaglewood Energy has awarded Bergen Oilfield Services a contract to conduct a 370-line km (230-mi) seismic acquisition in license PPL 257 offshore Papua New Guinea.

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Offshore staff

CALGARY, Canada -- Eaglewood Energy has awarded Bergen Oilfield Services a contract to conduct a 370-line km (230-mi) seismic acquisition in license PPL 257 offshore Papua New Guinea.

Seismic data, acquired by past operators in the 1970s and 1980s, established the presence of a number of significant structures in PPL 257 with multi-tcf gas potential, Eaglewood Energy says. The data also show seismic anomalies that have been previously interpreted as direct hydrocarbon indicators (DHIs) on the crest of structures. The program will acquire modern data over the Buna and Kumasi structures to further investigate the presence of the reported DHIs.

The company also hopes the new seismic program will provide a seismic tie with the nearest offset well, Goodenough-1, east of PPL 257.

09/30/2009

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