This program includes 250km of 2D seismic survey including 105km which is part of the licenses required work commitments.
Manas Adriatic, a wholly owned subsidiary of Petromanas Energy, had signed two agreements for land seismic services with the Italian company Geotec on May 27, 2010, one each for Blocks D-E and Blocks 2-3 which are onshore Production Sharing Contracts in Albania.
The majority of the seismic work will be carried out with heliportable rigs and the remainder through conventional shallow drilling rigs.
The company said that this seismic survey is being carried out to improve the quality of the existing prospect data, and hence increase the chances of success of the exploratory wells to be drilled upon completion and interpretation of the new seismic data. The first well is anticipated to be drilled in early 2011.
