Searcher Seismic has announced the South Campeche Ultracube 3D seismic reprocessing project offshore Mexico.
The seismic project, totaling approximately 17,700 km2, is a merge of three existing surveys, the Holok Alvardo 3D (2003), the Cequi 3D (2010) and the Boloi Norte-Balche-Xulum 3D (2003).
Rachel Masters , global sales manager for Searcher, said the project is located in one of Mexico’s most prominent offshore exploration areas, with several proven oil and gas discoveries.
“The new 3D Ultracube extends over 260 km in the southern part of the Campeche Bay area and will provide new depth imaging of the Southern Campeche – Sigsbee Basin and also parts of the offshore Comalcalco Basin.
“The southern part of Mexican Ridges in the Veracruz Basin are also covered by the new South Campeche Ultracube.
“An important factor to note, in this low oil-price environment, is 75% of the South Campeche Ultracube is located in waters less than 1000 meters in depth; with the shallowest water depth being approximately 30 meters,” she added.
ARES B approval has been granted and processing of the project will start shortly.
Fast track products are expected to be available in approximately 6 months and final volumes will be available in Q2, 2017.