Spectrum has commenced a major seismic reprocessing project offshore the east coast of the United States in the Atlantic Ocean. The project comprises 19,000 kilometers of vintage 2D seismic data which was acquired before the leasing and drilling moratorium went into effect in the mid 1980s.
The decision to reprocess such a large volume of data was made in response to the recent announcement by the Department of the Interior to begin the environmental analysis of geological and geophysical activities offshore the eastern seaboard of the US. Subsequent to this announcement, the Obama administration stated on March 31, that it is ending a moratorium on drilling for oil on the east coast of US from the northern tip of Delaware to the central coast of Florida.
The data processing of the 19,000 km reprocessing project will be carried out in Spectrum's state of the art processing center and is due for completion in the third quarter of 2010. Unusually for a Spectrum reprocessing project, Spectrum has achieved a good level of pre-funding for the East Coast project.