BOS Angler mobilizes for Spanish Point 3D seismic survey

Providence Resources has begun vessel mobilization operations for the Spanish Point 3D seismic survey.

Offshore staff

DUBLIN -- Providence Resources has begun vessel mobilization operations for the Spanish Point 3D seismic survey. The 3D seismic survey program, conducted by Bergen Oilfield Services, will cover a 300-sq km2 (116-sq mi) area primarily over the Jurassic Spanish Point gas condensate discovery.

The survey, which is expected to take up to 60 days, will be acquired using the recently refitted BOS Angler 3D seismic survey vessel. Providence (56%) operates the Spanish Point license (FEL 2/04) on behalf of its partners Chrysaor E&P Ireland (30%) and Sosina Exploration (14%). The budgeted costs of the survey will be borne by Chrysaor, as part of a previously announced farm-out agreement.

The original 35/8-2 Spanish Point discovery well flowed 1,000 b/d of oil and 5 MMcf/d of gas from one of four logged hydrocarbon bearing intervals. Third party modeling of the well data has suggested that an optimally placed and stimulated development well could flow at significantly higher rates from all hydrocarbon bearing intervals, according to Providence.

The partners hope the survey will enhance understanding of the reservoir and optimize potential future well placement. The survey has also been designed to accommodate future time lapse 3D seismic surveying.

06/22/2009

More in Geosciences