Global Petroleum, an oil and gas exploration company, has informed that the 2D seismic acquisition program of the company’s PEL 0029 operated block off Namibia has been completed.
Global said on Wednesday that the survey, comprising of 834 km of full fold 2D seismic data, was carried out by SeaBird Exploration and that the shooting took only ten days.
The seismic program was completed on July 3, 2017, with a total cost of the acquisition being approximately $740,000, excluding processing.
To remind, Global Petroleum contracted SeaBird Exploration for the project in early June.
The company added that the processing of the acquired data would begin soon and was scheduled to be completed by the end of September 2017.
Initial examination of the high quality raw data confirms the extremely large extent of the Gemsbok prospect in the southeast of the block. Following processing and interpretation of the data, the company will determine its plans for the next phase of exploration.
Global’s PEL 0029 license, in which it holds an 85 percent interest and operatorship, covers blocks 1910B and 2010A offshore Namibia. The Gemsbok prospect is located at a total depth of around 3,000 meters, in water depths of approximately 1,400 meters.