Gold Oil has signed a Letter of Intent with BGP Geoexplorer PTE Ltd to acquire a marine 3D seismic survey over Block Z34 offshore Peru. The survey will acquire 123,553 acres (500 square kilometers) over the southern area of the license.
As previously announced, the Peruvian Ministry of Energy and Mines recently approved the environmental permit covering Block Z34 for shooting a maximum of 199,661 acres (808 square kilometers) of 3D seismic offshore.
This initial survey compromises the first phase of 3D seismic over the license and an additional 271,816 acres (1,100 square kilometers) will be required to evaluate the northern area of this block. The survey is expected to commence soon and take about 30 days to complete.
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