Otto completes Philippines seismic projects

CGGVeritas has completed acquisition of 2D and 3D offshore Philippines seismic data for Otto Energy Ltd. in service contracts 50, 51, and 55.
July 6, 2007
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Offshore staff

WEST PERTH, Australia --CGGVeritas has completed acquisition of 2D and 3D offshore Philippines seismic data for Otto Energy Ltd. in service contracts 50, 51, and 55. Some 261 km (162 mi) of survey was deferred.

The completed parts of the survey included the following:

  • 116 sq km (45 sq mi) of 3D over Calauit and Calauit South in SC 50
  • 954 km (593 mi) of 2D in deepwater SC 55
  • 145 sq km (56 sq mi) of 3D over Argao and Cabilao in SC 51.

    The data will now be processed by CGGVeritas and delivered to Otto Energy in September/October this year.

    The next step in its exploration program is an environmental survey in the Cebu-Bohol Straits to prepare for drilling the Argao structure in 2008, according to Otto. This survey will commence within the next few months.

    07/06/2007

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