Petro Matad has signed a deal with BGP Inc, a division of China National Petroleum Company, for its seismic campaign in Mongolia.
The 220km2 3D survey will be the first ever 3D seismic acquired in western Mongolia. It will be conducted over the Tugrug Basin of eastern Block V, a longstanding priority basin for Petro Matad, which includes mature source rock, reservoir rocks with good porosity & permeability and live hydrocarbon staining found in previous stratigraphic coring operations.
The survey in the Tugrug Basin of Block V is expected to begin 3D data recording operations by mid-November and to be completed by mid-December, 2017. The crew will then begin a 150 line km infill 2D survey in the same area, extending outward from the 3D, to cover surrounding prospects and leads.
Following completion of the Tugrug Basin 2D, the crew and camp will move 350km NW into Block IV to acquire a new 205 line km 2D seismic grid over the Khangai Basin. The Khangai Basin is a deep and prospective basin in north-central Block IV. It has been high graded following the results of the airborne FTG/HRAM survey of 2015. Whilst only two regional 2D seismic lines currently cross the Khangai Basin, these lines show adequate basinal depths (3500M-4000M) and prospective structural and stratigraphic configurations. The Khangai Basin 2D survey is projected to start in late December, and complete before the end of January 2018.
Processing of both the 3D and 2D data has been contracted to Western GeCo, a division of Schlumberger Limited. The data will be delivered to the processors in near real time to allow maximum efficiency and return of processed data to the Petro Matad.
Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. Petro Matad holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340 km² in the far eastern part of the country, and Blocks IV and V have an area of 28,900 km2 and 21,100 km2, respectively, in the southwest part of the country.
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