Eco (Atlantic) Oil & Gas Ltd. has commenced a 1,000 km (621 miles) 2-D seismic survey on the Guy Block in the Walvis Basin, offshore Namibia, the company said in a news release.
The company engaged PGS Geophysical Ltd. to perform the Survey, which is expected to be completed by the end of the month. Subject to Namibia's Ministry of Mines and Energy approving the company's transfer of an additional 10% working interest in the block to Azimuth Namibia Ltd., Eco Atlantic will hold a 60% working interest in the block, Azinam will hold a 30% working interest, and NAMCOR holds a 10% carried working interest.
“PGS will use its Geostreamer technology to conduct the survey and we have contracted the same ship and crew that recently finished shooting our 3-D seismic survey on our Cooper Block,” Eco Atlantic COO Colin Kinley said in the release.
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