Searcher Seismic announced Thursday the South Campeche Ultracube 3D seismic reprocessing project offshore Mexico.
The seismic project, totalling approximately 6,834 square miles (17,700 square kilometers), is a merge of three existing surveys. The Holok Alvardo 3D (2003), the Cequi 3D (2010) and the Boloi Norte-Balche-Xulum 3D (2003).
Rachel Masters, global sales manager for Searcher, said the project is located in one of Mexico’s most prominent offshore exploration areas, with several proven oil and gas discoveries.
"The new 3D Ultracube extends over 162 miles (260 kilometers) in the southern part of the Campeche Bay area and will provide new depth imaging of the Southern Campeche -- Sigsbee Basin and also parts of the offshore Comalcalco Basin.
"The southern part of Mexican Ridges in the Veracruz Basin are also covered by the new South Campeche Ultracube.
"An important factor to note, in this low oil-price environment, is 75 percent of the South Campeche Ultracube is located in waters less than 3,281 feet (1,000 meters) in depth; with the shallowest water depth being approximately 98 feet (30 meters),” Masters added.
The South Campeche Ultracube includes coverage of areas in Rounds 2 and 3 and is competitively priced for oil companies to utilize in their exploration efforts.
The project incorporates a very thorough pre-stack imaging and post-stack processing sequence staged in two parts.
Firstly, the pre-processing produces high S/N ratio, broadband data and secondly, imaging using TTI Kirchhoff and RTM technologies to properly image the subsurface, often with extensive salt pillows and diapirs.
ARES B approval has been granted and processing of the project will commence shortly.
Fast track products are expected to be available in approximately 6 months and final volumes will be available in Quarter 2, 2017.
Check out the seismic activity in Mexico over the last 12 months via Seisintel here.
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