Falkland Oil and Gas completes 3D seismic

Falkland Oil and Gas has completed a 3D seismic survey over the Cretaceous Diomedia fan complex in the South Falklands basin.

A total of 5,235 sq km seismic data was acquired at the licence, a joint venture with Edison International Spa, as part of a survey operated by Noble Energy.

The company said more 3D data was acquired than anticipated as the Diomedia fan system covers a large area and partners wanted to gain as much data as possible on prospective areas.

Nevertheless, the survey was completed within the original budget.

Data will be processed by PGS and a fast track product will be available for interpretation in about four months. The final processed data is expected to be available in the fourth quarter of 2013.

The fast track data will be used to begin prospect mapping and well planning.

"Initial test lines from the survey indicate excellent data quality and imaging of the Cretaceous target interval," the group said.

A second 3D seismic survey has now begun, covering an area of 1,000 sq km.

RD