Forum Energy to announce that it has completed its seismic acquisition over SC72.
As part of the work program, 564.887 Km2 of 3D seismic data was acquired over the Sampaguita Gas Field and 2,202.38 Line-Km of 2D seismic data was also acquired over the block in order to further define additional leads identified within the SC72 acreage.
The Company will immediately begin processing the data with the aim of further evaluating the commercial potential of the block, and to help identify the best location for possible appraisal wells to be drilled in the next sub-phase of the SC72 licence.
The survey was carried out by CGG Veritas, using the M/V Veritas Voyager.
Robin Nicholson , Executive Chairman, commented:
“ We are delighted to have completed our work programme so efficiently and ahead of our anticipated schedule. We have now met our contractual commitments with the Philippine Department of Energy under Service Contract 72 and look forward to making further investments into the project. ”
[mappress]
Source: forumenergyplc ,March 15, 2011