Gippsland Offshore Petroleum and its partners in the Jamaica Joint Venture, Finder Exploration, have completed exploring their large tranche of acreage in the Walton Basin, Offshore Jamaica over the past year. The companies are now looking to jointly farm-out the next stage of exploration to test the mapped leads and prospects.
The data interpretation of the 2D seismic (7,000km) and FALCON airborne gravity gradiometry data (26,000km) is being finalized and Gippsland Offshore is very encouraged by the preliminary results. It is our intention to complete the current work in the next six weeks with a view to presenting results, arranging a data room and achieving a farm-out in late May 2007.
Participants in the Jamaica Joint Venture are Gippsland Offshore Petroleum Limited 50% and Finder Exploration Pty Ltd.
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you
need utilization and industry trends or detailed reports on future rig contracts. Subscribing
to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports
using hundreds of available data columns. For more information about a RigLogix subscription,