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Spectrum has announced the acquisition of a new multi-client 3D seismic survey in the Levantine basin offshore Lebanon.
Under contract to the Ministry of Energy and Water (MEW) of Lebanon, Spectrum is acquiring the MC3D survey in the southwest Exclusive Economic Zone (EEZ) offshore Lebanon. The survey is carried out in cooperation with Dolphin Geophysical using its Polar Duke vessel which will acquire at least 1,500 sq km (579 sq miles) of data using 12 streamers and dual source. This is the first phase of a project that will incorporate up to 3,000 sq km (1,158 sq miles) when completed. The study area is ranked as “high prospectivity” as defined by Beicip Franlab following their study conducted on behalf of the MEW.
Acquisition is scheduled to be completed before the end of September. A fast-track volume, processed on-board, will be available to interested clients in November. The final product will be completed in early 2013, which is when the Lebanese government has indicated that it first ever licensing round will open.