Oslo, Norway(September 25, 2012) Spectrum has commenced the next phase of its 2D campaign in Brazil to acquire an additional 6,000 km over the Foz do Amazonas basin. The program immediately follows on from the phase 1 survey of 15,000 km, which was completed successfully and ahead of time. The phase 2 survey will be completed in the fourth quarter 2012, following which Spectrum will have collected over 34,000 kms of new long offset data over this highly prospective equatorial margin. The program is designed such that it covers sector blocks expected to be announced in the 11th license round in 2013. The survey is supported by industry funding.
"This significant investment by Spectrum has been prompted by an eager industry looking for seismic data to give them an advantage in the upcoming Round 11 in 2013. These programs have all been designed to infill to a tighter grid to allow industry to be able to map the prospective areas with a higher resolution and confidence. Our permit will allow Spectrum to add even more kilometers of infill in this emerging frontier exploration area", commented Spectrum's Richie Miller, EVP North & South America.
The seismic data is being acquired by the vessel Hawk Explorer and the data will be processed at Spectrum's processing center in Houston, with the final products scheduled for delivery during Q1 2013.
For further information or questions, please contact:
Jan Schoolmeesters, COO, Spectrum ASA
Email: jan.schoolmeesters@spectrumasa.com
Tel: +47 23 01 49 60
Cell : +47 91 77 79 61
Richie Miller, EVP Multi-Client North & South America
Email : richie.miller@spectrumasa.com
Tel :+1281 698 8850
Arne Helland, EVP Strategy & Business Development
Email : arne.helland@spectrumasa.com
Tel : +47 23 01 49 60
Cell : +47 91 88 78 29
"Spectrum provides innovative Multi-Client seismic surveys and high-quality seismic imaging services to the global oil and gas industry from offices in Norway, the UK, US, Brazil, China, Egypt, Australia, Indonesia and Singapore. Spectrum's Multi-Client 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 has projects from many of the foremost oil producing regionsof the world. These include new acquisition, reprocessing and interpretation reports."