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Wednesday, 12 July 2017

Spectrum ASA: Spectrum commences its Norsel High 3D Seismic Program in the Barents Sea

Spectrum ASA    

Published: 08:00 CEST 12-07-2017 /GlobeNewswire /Source: Spectrum ASA / : SPU /ISIN: NO0010429145

Spectrum ASA: Spectrum commences its Norsel High 3D Seismic Program in the Barents Sea

Spectrum commences acquisition of a new seismic survey to facilitate evaluation of key areas available in the ongoing Norwegian 24th licensing round. The new Norsel High 3D acquisition comprises a minimum of 1,600 sqkm, covering 4 blocks that are included in the round. Data is being acquired by survey partner Sovcomflot (SCF), using its modern high capacity vessel Ivan Gubkin with a triple source configuration and a Q-marine acquisition system. Utilizing these latest acquisition technologies combined with broadband processing will ensure optimal imaging of several large structural closures at the Jurassic and Triassic levels partially identified in the area from existing Spectrum data.

                                                                                                                                                           

The program further includes 3D broadband reprocessing of 2,000 sqkm of neighboring 3D Spectrum data that cover an additional 6 blocks included in the 24th licensing round. Merging the newly acquired survey with the existing two datasets through a modern broadband processing sequence will result in a single contiguous, conformable dataset of 3,600 sqkm covering 10 prospective blocks.

 

A high quality Fast-track 3D volume will be created for delivery before the end of August 2017 allowing sufficient time for evaluation of the area prior to the application deadline of the round on November 30th. Further interim Pre-Stack Time Migrated data will be made available in time for application revision prior to November. Pre-Stack Depth Migration will be optional following round block award.

 

For further information, please contact:

Jan Schoolmeesters, COO
Email:
jan.schoolmeesters@spectrumgeo.com
Tel: +47 91 77 79 61

 

Ian Edwards, EVP NW Europe & Asia-Pacific
Email:
ian.edwards@spectrumgeo.com 

Tel: +44 1483 730201

 

About Spectrum

Spectrum provides innovative Multi-Client seismic surveys and seismic imaging services to the global oil and gas industry from offices in Norway, the UK, USA, Brazil, Egypt, Australia, Indonesia and Singapore. Spectrum designs, acquires and processes seismic data to deliver high quality solutions through its dedicated and experienced workforce.

 

Spectrum holds the world's largest library of Multi-Client 2D marine seismic data and a significant amount of 3D seismic. The company's strategy focuses on both the major, established hydrocarbon-producing regions of the world as well as key frontier areas identified by our experienced team of geoscientists. The Spectrum library of Multi-Client data contains projects from many of the foremost oil producing regions of the world. These include new acquisition, reprocessing and interpretation reports.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.


Norsel High 3D



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Spectrum ASA, Oslo 0278, NORGE
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