UMC: Papua New Guinea Seismic Survey Complete

Papua New Guinea-focused junior explorer UMC Energy reported Monday that the Dong Fang Kan Tan No. 1 seismic acquisition vessel has recorded approximately 1,870 miles of 2D seismic over the PPL374 and PPL375 licenses, offshore PNG.

The licenses are held by Gini Energy – a joint venture with CNOOC in which UMC holds a 30-percent stake. CNOOC is the operator of the licenses and it has funded the entire cost of the seismic survey, which was completed on January 3.

UMC Energy Technical Director Chris Hart commented in a company statement:

"The 2D acquisition project was completed without incident and ahead of schedule.  Processing of the 2D data is expected to be undertaken by CNOOC over the coming months."  



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

WHAT DO YOU THINK?

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
 -  Buru Energy Hits Oil at Praslin 1 Well (Aug 28)
 -  IOG Gets 3-Month Skipper License Exten... (Aug 28)
 -  UIL Energy to Acquire Perth Basin 2D S... (Aug 28)
 -  Galilee Completes Acquisition of ATP 5... (Aug 27)
 -  NPD Grants Statoil Drilling Permit in ... (Aug 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Geotechnical Engineering Manager
Expertise: Geotechnical Engineer
Location: Houston, TX
 
Senior Geotechnical Engineer
Expertise: Geotechnical Engineer
Location: Baton Rouge, LA
 
Account Manager - Reservoir Development Services - Houston, TX
Expertise: Business Development|Geologist|Reservoir Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.05/BBL 5.23%
Light Crude Oil : $45.22/BBL 6.25%
Natural Gas : $2.72/MMBtu 3.42%
Updated in last 24 hours