Offshore Madagascar seismic to sharpen definition of Sifaka structure

Offshore staff

LONDONExxonMobil has completed a 2D seismic survey over the Ampasindava block offshore Madagascar, according to partner Sterling Energy.

Data from the 1,314-km (816-mi) program should improve subsurface imaging of the large Sifaka prospect and help define further drilling prospects in the block. A first well will likely be drilled in 2015-2016.

According to Sterling, a proposal to extend the 2D campaign into the Ambilobe block would have provided only limited new data.

The company and joint venture partner Pura Vida Mauritius have therefore begun planning a 1,250-sq km (482-sq mi) 3D seismic program to mature identified leads into drilling prospects. The survey is expected to be acquired during 2Q 2014.

Under the terms of a recent farm-out agreement with Pura Vida, the latter will carry all costs associated with the 3D program up to a maximum of $15 million.

01/14/2014

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