Spectrum to Acquire 2D Seismic Offshore Croatia

Seismic data services firm Spectrum ASA reported Monday that it signed a contract in July with the Croatian government for the rights to acquire multi-client 2D seismic data, offshore Croatia.

Spectrum said it would acquire the seismic data using a vessel from SeaBird Exploration. It is currently mobilizing to acquire approximately 7,400 miles of long-offset seismic data.

The survey covers both the northern and southern parts of the Croatian Adriatic Sea and the survey grid will connect with Spectrum's reprocessed seismic data covering the Italian Adriatic. The results of the survey will also be used for scientific research purposes in   collaboration with local scientific institutions.

Acquisition is expected to finish during the fourth quarter of 2013 with processed products available by the end of 1Q 2014. The Government of Croatia plans to hold a licensing round over the country's offshore continental shelf in 2014.

Offshore Croatia is largely underexplored despite the presence of significant gas discoveries in the northern Adriatic. There are also proven oil discoveries in the southern Italian Adriatic and large-scale structures have been identified, but untested.

Spectrum expects the survey to attract high interest from oil companies.

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  PBJV Bags Contract from PETRONAS Carig... (Aug 26)
 -  Reach Energy Secures SCM's Approval to... (Aug 26)
 -  Pavilion Energy, Pertamina Ink MOU to ... (Aug 26)
 -  DSME Delivers Newbuild Ultra Deepwater... (Aug 26)
 -  Cosco Delivers 2 Jackups to Foresight ... (Aug 25)


Most Popular Articles

From the Career Center
Jobs that may interest you
Electronic Technician
Expertise: Field Service Tech
Location: Midland
 
Field Engineer 1
Expertise: Well Intervention|Wireline|Wireline Logging
Location: Anchorage, AK
 
Service Technician - Wyoming
Expertise: Field Service Tech
Location: Cheyenne, WY
 
search for more jobs

Brent Crude Oil : $49.67/BBL 1.26%
Light Crude Oil : $47.33/BBL 1.19%
Natural Gas : $2.85/MMBtu 1.78%
Updated in last 24 hours