Petro Matad Awards Data Acquisition Contract to Bellgeo Enterprises

Petro Matad Limited has awarded a full tensor gradiometry data acquisition and processing services contract to Bellgeo Enterprises, which will cover approximately 4,247 square miles onshore Mongolia.

The program, which will commence in September 2015 and covers Blocks IV and V in central Mongolia, will cover an area of mountainous desert and steppe and marks the first time the full tensor gradiometer technique will be applied to oil and gas exploration in the country. The technique has already been successfully used for oil and gas exploration elsewhere.

Commenting on the latest contract award, Petro Matad said in a company statement:

“The program is designed to provide high-resolution gravity coverage, capable of resolving prospect scale structural features, to aid in correlation between 2D seismic profiles and extrapolate structural networks into frontier areas to optimize future exploration work.”

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