Your account already exists. Please login first to continue managing your settings.
Fieldwork supporting the acquisition of seismic data on Holloman Energy’s petroleum exploration license 112 (PEL 112) is underway, the company reported.
Geokinetics (Australia) Pty. Ltd. will undertake the 3D seismic survey on the northern boundary of PEL 112. Crews are currently in the field completing line clearing and survey work. Seismic acquisition is expected to commence in early August 2012 and will include the acquisition and processing of 127 sq km (49 sq miles) of 3D data at cost of up to AUD$3.7 million (US $2.9 million). The survey will identify potential multi-zone drilling targets including the Namur, Hutton, and Birkhead shale down to 2,134 km (7,000 ft).
Holloman has over 400 km (249 miles) of existing 2D seismic data on PEL 112 and has identified over 27 leads having potential drilling locations. Geologists and geophysicists have isolated and high-graded 12 of the 27 leads that will be the focus of the Geokinetics 3D survey. Four of those 27 leads are currently considered drillable.