April 09, 2018

Spectrum Geo has commenced a 6,000 km 2D seismic program over the under-explored Pernambuco-Paraiba basins along the Eastern Margins of Brazil. The program will cover an area north of the prolific Sergipe Basin that will be included in Round 16 scheduled for 2019. The seismic survey is being acquired with a 12,000 m cable to record data necessary to understand basin architecture as well as to image prospective zones similar to the large oil discoveries in the Sergipe Basin. Data will be processed in Spectrum’s Houston processing center with final PSTM and PSDM Broadband products available in Q4 2018.
This news follows an announcement by the Minister of Mines and Energy, Fernando Coelho Filho, during a forward-looking strategic planning meeting entitled “O planejamento estratégico da matriz veicular do Brasil até 2030”, held on March 26, 2018 at the Federation of Industries of Pernambuco.
The minister explained, “Spectrum is awaiting an environmental license to start seismic mapping”, he added that with the announcement of an annual exploration licensing auction policy, companies such as Spectrum were are again willing to invest in seismic “to offer (these products) to the oil companies that will participate in the auctions and want to know better the basin’s marine subsoil.”
According to Richie Miller, EVP Multi-Client Americas, “This survey is the next step in producing a continuous modern long-offset survey covering all of the offshore areas of Brazil. The industry has a need for modern seismic data in this region, especially when the area will be included in Round 16. The Sergipe Basin area to the south of Pernambuco has seen strong interest in the past three rounds and we expect the same for this area in Round 16, scheduled in 2019.”
This survey will be carried out in partnership with BGP Marine. (Source: Spectrum Geo)