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NEOS GeoSolutions launches geoscience programme in US

25th April 2013

NEOS GeoSolutions to conduct regional reconnaissance to highgrade acreage for oil and gas exploration in the US

NEOS GeoSolutions launches geoscience programme in US
Anticipated project deliverables include maps of basement topography and key structural and stratigraphic horizons, basement-to-surface maps and 2-D cross-sections and regional 3-D structural models of the subsurface

Geoscience company NEOS GeoSolutions has secured the underwriting needed to launch an integrated geological and geophysical programme in an emerging exploration play in the mid-continent of the US.

The neoBASIN survey covers roughly 1,100 square miles, with options for future expansion, the company has said. The neoBASIN system involves acquiring, integrating, and simultaneously interpreting as many geological, geophysical, and geochemical datasets as possible.

NEOS will be acquiring new airborne geophysical datasets and integrating these with existing seismic and well information in the area. Anticipated project deliverables include: maps of basement topography and key structural and stratigraphic horizons; basement-to-surface maps highlighting major lineaments and regional fault networks; 2-D cross-sections and regional 3-D structural models of the subsurface; Isopach maps of key reservoir intervals of interest; regional resistivity voxels down to approximiately 10,000ft subsurface; regional "sweet spot maps" depicting the most and least prospective areas for leasing, drilling, and/or further G&G study and investment.

 “We hope to provide our lead underwriter with a series of basin-scale, basement-to-surface insights that will help them better evaluate the potential of the play and highgrade acreage in the region so that they can focus their geoscience team and investments on the most prospective areas,” said Lance Moreland, director of business development for NEOS.

Chris Friedemann, CMO and VP of business development at NEOS said: “We believe that airborne, multi-measurement exploration methods provide E&P operators with a number of key advantages. These include the ability to rapidly and cost effectively conduct regional reconnaissance studies across broad areas; identify, evaluate, and screen new play concepts; and target geoscientists and capital expenditures on the most promising areas in which to explore, lease, and drill.”

NEOS expects to deliver the survey results to the lead underwriter in Q4 2013.