Spectrum is commencing a new 20,000 km 2D survey in Colorado and Salado basin offshore Argentina. This new program ties with Spectrum’s existing 38,000 km survey that was acquired in 2017 for the ongoing first offshore licensing round.
The survey is done in cooperation with BGP utilizing the vessel BGP Pioneer.
Data is being acquired with a 12 km streamer with continuous recording to image deep reflection and high fold data. This will support full interpretation from Moho to water bottom. The data will be processed with PSTM, PSDM and Broadband products with first deliveries in Q2 2019.
The Colorado 2D survey is adding to Spectrum’s portfolio of projects in Argentina. It is in line with our growth strategy to develop an extensive 2D database for regional evaluation of these high potential offshore basins. The new seismic will be utilized to assist the Ministry in placement and design of sectors for future license rounds offshore Argentina. It is anticipated that the shelf area of these basins will be included in the second offshore license round, expected to open in 2019.
Spectrum will continue to work with oil companies and the Argentina government to provide high quality data ahead of future license rounds,” said Rune Eng, CEO of Spectrum.