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Petrel buoyed by Uruguay seismic data acquisition

03rd November 2014

Petrel Energy has completed the acquisition of a 597-kilometre 2D survey across the Piedra Sola and Salto exploration blocks in Uruguay

Petrel buoyed by Uruguay seismic data acquisition
Seismic data acquisition commenced in early August in the Salto concession and then moved to Piedra Sola towards the end of September

The programme commenced in mid-July with Petrel’s 51 per cent owned affiliate, Schuepbach Energy International LLC (SEI) contracting Panamerican Geophysical Company to conduct the survey.

“While it is early days and more time is required to finalise processing and interpretation, we are very encouraged not only by the quality of the data recorded but the early success in identifying multiple leads over a small area of just 400 square kilometres,” said David Casey, Petrel managing director.

Seismic data acquisition commenced in early August in the Salto concession and then moved to Piedra Sola towards the end of September.

Preliminary analysis and interpretation of the Uruguay seismic data has confirmed SEI’s and Petrel’s view that good quality interpretable data can be acquired through up to 1000-metres of basalt that overlies the exploration blocks.

Not only has the data revealed obvious geologic structuring but it has also identified a deeper basin in the Salto concession. While more processing is required to get a sense of the unconventional potential, the first lines in western Salto are interpreted to date have already identified potential conventional leads worthy of follow up.

It is expected that more leads will be identified once the remaining seismic is analysed.

 

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