The budget for the 2D seismic program is $4.600,000m and will cover in excess of 400 line kilometres within the 12,400sq km of Vanoil’s Block 3A.
The shooting of the first seismic line, which covered 57km, has been completed and is currently being evaluated.
Vanoil anticipates the seismic program to be completed in early October, at which time a complete set of data will be sent for processing and interpretation.
Proposals for the execution of the final phase of the seismic program have been received and are being evaluated.
To date, Vanoil has mapped a total of eleven prospects/leads based on 1500 line kilometres of Chevron 2D seismic.
One of the key objective of Vanoil’s ongoing seismic program is to test the un-risked potential of five leads in Block 3A that have size, potential and position in the heart of the Anza Basin.
One of the priority prospects, Prospect 6, a proposed re-drill of the Endela-1 well, which was originally drilled to a depth of just 2500m, targets a 250 million barrel potential cretaceous anticline.
