The seismic data will be acquired over two separate portions of the contract area that were identified as being the most prospective based on results from earlier 2D survey work.
Ray Leonard, president and CEO of Hyperdynamics, said: “The 3-D survey represents the final step in our technical program to acquire the detailed images of the prospects we need to select the location for our first exploration well to be drilled in late 2011. We believe these blocks hold the potential for world-class oil discoveries.”
Petroleum Geo-Services of Norway is under contract with Hyperdynamics both to acquire and process the seismic data. The Ramform Challenger, equipped with the latest GeoStreamer dual sensor technology, will conduct calibration procedures and other preparations before the actual data acquisition begins.
The acquisition work is expected to take approximately 13 weeks, and processing will take an additional 25 weeks to complete, with initial results available within 10 weeks. Hyperdynamics’ evaluation of the processed data is expected to begin in the first quarter of 2011.
