SYDNEY, Australia – The BGP Explorer has begun a 3D seismic data acquisition program for Otto Energy Ltd. offshore the Philippines in service contract 69 in the Visayan basin.
Exploiter Pte Ltd is operating the vessel and plans to acquire about 210 sq km (81 sq mi) of coverage.
Last year’s 2D survey identified two reef structures, Lampos and Lampos south, adjacent to the Calamangan trough. “Success case” estimates total oil in place at between 22 MMbbl and 713 MMbbl, with a mean of 290 MMbbl.
The 3D work meets the service contract commitment for the sub-phase, says Otto.
3D seismic survey to cover 210 sq km (81 sq mi) in Philippines’ service contract area 69.