Gippsland Offshore Begins Kenyan Seismic Survey
Gippsland Offshore Petroleum and its joint venture partner will start offshore exploration in Kenya this week when the Geomariner vessel will begin shooting approximately 1,200 line kms of 2D seismic.
This survey will precede a BHP Billiton operated FALCON airborne gravity gradiometry survey scheduled for start-up at the end of the month.
Gippsland Offshore Petroleum will earn a 60% equity share in the Lamu Basin L-6 block by spending $UD1.9 million on the geophysical exploration program. GOP will become the operator for the joint venture.
L-6 is a coastal block with approximately 30% of the area being onshore. The FALCON technology is the key to linking the onshore geology to the offshore and helping to unlock the basin's structural setting.
Interpretation of the new seismic and FALCON data will be completed by August, 2007 in preparation for moving into the drilling phase of the program.
Participants in theL-6 joint venture are Gippsland Offshore Petroleum as operator with 60% and Pancontinental Oil & Gas with 40%.
- Tullow Kudu Stays on as JV Partner in Namibian Offshore License PEL 37 (Apr 08)
- Tullow Gets More Time to Decide on Participation in Namibian PEL 0037 JV (Apr 04)
- Africa-Focused Pancontinental Raises $1.6M in New Shares to Fund Operations (Dec 04)
Company: Gippsland Offshore Petroleum more info
- Gippsland Offshore Snags Gas Rights, to Drill 2 Wells in Kenya (Oct 31)
- Gippsland's Second Quarter Marked by JV Well Development (Jul 31)
- Gippsland Lands Saint Griede Permit in France's Aquitaine Basin (Jun 25)