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Tuesday, 07 October, 2008, 07:40 GMT | more prices >>

Otto finishes first Philippines sweep



By Upstream staff 

Australia-listed Otto Energy announced today it had completed its 116-square kilometre 2D seismic survey over the Calauit and Calauit South fields at Service Contract 50 as part of it offshore seismic programme in the Philippines.

The vessel CGG-Veritas Pacific Sword has now proceeded to SC55 and has completed about 50% of that survey, after which it will move to SC51, Otto said.

An extra 94-kilometre line will be shot in SC55 to further delineate a possible further structure north of Marantao, the company added.

The entire seismic program is expected to be complete by the end of July, after which the seismic data will be processed and interpreted and drilling plans finalised.


Tuesday, 12 June, 2007, 06:36 GMT  | last updated: Tuesday, 12 June, 2007, 08:22 GMT

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