Australia's Searcher Seismic Pty Ltd. announced Tuesday the proposed acquisition of the Pinatubo multi-client 2D seismic survey. Searcher plan to acquire the 2,387 miles (3,843 kilometers) survey covering a 6.21 by 12.4 mile (10 by 20 kilometer) grid in the West Luzon Basin, offshore Philippines. The survey includes coverage over the PECR5 bid round blocks 8, 9, 10 & 11.
The Pinatubo 2D survey offers for the first time a modern seismic 2D coverage to evaluate the West Luzon Basin. The survey covers an unexplored area and will provide data sufficient to define major structural trends and plan detailed follow up surveys.
The Pinatubo multi-client 2D survey provides 2,387 miles (3,843 kilometers) of long offset, broadband data critical to progressing the evaluation of this area.
Acquisition has commenced and is due for completion in late August. Fast track data will be available to ensure ample time for evaluation of the blocks for Philippine Energy Contracting Round 5 (PECR5) bidding round.
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