Spectrum Lands Multi-Client Seismic Project Off Madagascar

Spectrum has signed an agreement with OMNIS, the state agency responsible for upstream activities in Madagascar, to reprocess 6000 line kilometers of seismic data.

The surveys include data offshore the west, south, and east coasts, and are located over the Morondava and Majunga basins, the Cap Sainte-Marie and Ile Sainte-Marie (St. Mary's Island) respectively.

Under the agreement, Spectrum will produce new datasets for open licensing blocks offshore the south and east coasts, and the west coast where a long line ties both awarded and open blocks.

Spectrum's EVP of Multi-Client services, Charles Harmer commented, "Previous interpretation of these surveys suggests encouraging prospectivity for the occurrence of hydrocarbons. We believe that reprocessing this data with Spectrum's specialist seismic processing and imaging techniques will improve the quality and definition of the vintage data, particularly in less understood areas such as Cap St. Marie basin and Ile St. Marie."

The reprocessed datasets will be made available through Spectrum's Multi Client library when the reprocessing is completed in Q1, 2010