Desire agrees Falklands seismic vessel timeshare

Desire Petroleum has contracted Polarcus’ seismic vessel MV Polarcus Nadia for a 3D survey in the North Falklands basin.

Offshore staff

PORT STANLEY -- Desire Petroleum has contracted Polarcus’ seismic vessel MVPolarcus Nadia for a 3D survey in the North Falklands basin.

The vessel will acquire 3D data survey over the parts of Tranches C and D not previously covered by 3D seismic and also over much of Tranche F. Desire’s aim is to ensure that the east flank fan play fairway on its acreage has complete coverage.

In addition, the vessel is expected to acquire 3D data over the northern part of Tranche I and adjacent areas.
A contract will be issued shortly for processing of the data. Monarch Geophysical Services will provide specialist acquisition and processing supervision throughout the program.

Concurrently, Rockhopper Exploration has signed an identical contract with Polarcus. This allows Desire and Rockhopper to share the vessel for acquiring seismic in each company's adjacent licences and other areas.

Acquisition should start in December, Desire’s share lasting around 90 days. The entire program should be completed by end-April 2011.

10/27/2010

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