Spectrum ASA: Commencement of a 15,000 km Multi-Client 2D survey offshore Brazil in the Santos and Campos Basins

July 22, 2016

HOUSTON, TX, July 22nd 2016 - Spectrum is pleased to announce the commencement of a 15,000 km Multi-Client 2D survey offshore Brazil in the Santos and Campos Basins.

The new acquisition program is an outboard extension of Spectrum's 2012 Santos Campos Phase 1 survey, and will tie other programs in the Santos, Campos and Espirito Santo Basins producing a continuous dataset covering the prolific pre-salt oil fields in these basins.

Data is being acquired with a 12,000 m cable to record data necessary to understand the basin architecture as well as image the prospective zones in the pre-salt section. The data will be processed in Spectrum's processing center in Houston with PSTM, PSDM and Broadband products expected to be available in Q2 2017.

Richie Miller, EVP Multi-Client North & South America, comments: "Spectrum has started on our next campaign in Brazil in order to provide new long-offset data over the prospective pre-salt basins for an anticipated round in 2017. In light of the Brazilian government's suggestion that it will include blocks outside the pre-salt area in the Santos and Campos Basins, this play continues to provide excitement and opportunities for exploration. This new data will extend coverage over a very lightly explored area of the pre-salt exploration province."

The survey is acquired in partnership with BGP and is supported with industry funding.

For further information, please contact:

Jan Schoolmeesters, COO
Email: jan.schoolmeesters@spectrumgeo.com
Tel: +47 91 77 79 61

Richie Miller, EVP Multi Client Americas
Email: richie.miller@spectrumgeo.com
Tel: +1 281 647 0602

 

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