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Petrel sees positive results from Uruguay seismic survey

28th August 2014

Petrel Energy has completed the acquisition of its seismic survey in Peru, with initial data looking positive

Petrel sees positive results from Uruguay seismic survey
Processing has commenced in Denver with initial data quality on the first two seismic lines much better than that recorded previously with early indications of clearly identifiable structuring

“We are very pleased with the excellent data quality on our first two seismic lines,” said David Casey, Petrel managing director. “This level of clarity will give a much better sense of the areal extent of source and reservoir rock development and could potentially allow us to identify targets and leads.”

The 580 kilometre 2D seismic programme, across the Piedra Sola and Salto exploration blocks in Uruguay, 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.

Data acquisition, which commenced in early August in the Salto concession, has been steady, averaging 7.7km/day with 139 kilometres acquired up to 26 August, although this has recently increased to approximately 12km/day due to easier terrain.

Processing has commenced in Denver with initial data quality on the first two seismic lines much better than that recorded previously with early indications of clearly identifiable structuring.

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