ENI close to complete seismic survey in W. Papua
Friday, January 16 2015 - 02:41 AM WIB
Italian firm ENI Spa is near in completing a 314 sq km onshore/offshore 3D seismic survey at its Arguni I PSC in West Papua.
?The 3D seismic acquisition has been 90 percent completed and currently under preparation for completion,? an industry source told Petromindo.com Friday.
The source said that the seismic survey is expected to be completed in mid-February.
The 3D seismic survey is being conducted by PT BGP Indonesia, a subsidiary of Chinese survey and geophysical services firm BGP-CNPC.
After the result of 3D seismic data appears, the company will start the drilling of two exploration wells, according to the source.
The Arguni I block covers an area of 5,386 square km in the Bintuni Basin, a mainly gas prone, prolific hydrocarbon province, with several giant gas discoveries already in production. ENI was awarded a 100 percent interest in the Arguni I PSC in November 2011. The block is 10 km east of the Tangguh LNG processing facility. Under the contract, the firm has to acquire 2D and 3D seismic and drill two wells during the first 3 years of exploration.
Editing by Reiner Simanjuntak