Hyperdynamics launches first-ever 3-D seismic campaign offshore Guinea

Source: Hyperdynamics

Hyperdynamics Corporation (NYSE:HDY) launched the seismic vessel Ramform Challenger to shoot 3,535 square kilometers of 3-D seismic offshore Guinea on the Company's oil and gas exploration concession area. 

This is the first 3-D survey to be acquired offshore Guinea. The seismic data will be acquired over two separate portions of the contract area that were identified as being the most prospective based on results from earlier 2D survey work. 

"The 3-D survey represents the final step in our technical program to acquire the detailed images of the prospects we need to select the location for our first exploration well to be drilled in late 2011," said Hyperdynamics' President and CEO Ray Leonard. "We believe these blocks hold the potential for world-class oil discoveries." 

Petroleum Geo-Services (PGS) of Norway is under contract with Hyperdynamics both to acquire and process the seismic data. The Ramform Challenger, equipped with the latest GeoStreamerĀ® dual sensor technology, will spend several days at the survey areas approximately 125 kilometers offshore conducting calibration procedures and other preparations before the actual data acquisition begins this week. 

The acquisition work is expected to take approximately 13 weeks, and processing should take an additional 25 weeks to complete, with initial results available within 10 weeks. Hyperdynamics' evaluation of the processed data is expected to begin in the first quarter of 2011.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs