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Searcher Seismic Pty Ltd. commenced a major onshore multi-client reprocessing initiative in the Canning Basin, Australia. Upon completion, the Onshore Canning Super-Tie Reprocessing project will tie in excess of 60 wells and comprise of approximately 40,000 km of high quality, reprocessed seismic data.
The onshore Canning Basin has been generating increasing levels of interest recently due to a combination of conventional exploration success and recognition of huge unconventional resource potential in the basin. Recent bid rounds and acreage uptake reflect this trend and have been highly contested with increasingly aggressive work program commitments required to secure acreage.
Due to the sheer size of the project, a multi-phased approached has been implemented and the company has confirmed that phase one has now commenced with priority lines expected to be delivered to participating companies fourth quarter 2012.