SCAN completes Peruvian survey

Offshore staff

LIMA, Peru -- SCAN Geophysical has completed the acquisition of 1,251 mi (2,013 km) of 2D data over block Z34 offshore northern for Gold Oil using the seismic vessel M/V SCAN Stigandi. SCAN is expected to deliver processed data of the 72 acquired lines in approximately two weeks.

An initial assessment of data indicates the presence of sedimentary sections that correlate with the same producing layers containing crude oil reserves in the neighboring Z2B block, according to Gold Oil.

Block Z34 covers 1,434 sq mi (3,713 sq km) and is bordered to the east by Petrotech Peruana-operated block Z2B, which is producing both oil and gas. Gold Oil says that block Z34 has potential for typical deepwater turbidities, which normally have high porosities and permeabilities. The company has identified four priority areas for exploration programs in the block.

“The new seismic, the first on block Z34 completes the first step to explore the potential of this large asset,” Thomas Tidow, Gold Oil’s operations director. “We will now immediately start with the processing and interpretation of the acquired data.”

06/01/2009