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Friday, December 5, 2014
ARKeX confirmed the launch of an airborne Full Tensor Gravity Gradiometry (FTG) survey previously announced by Savannah Petroleum for the R1/R2 license in Niger.
The survey covers the blocks in the Agadem Rift Basin of southeast Niger. During 2009-13 CNPC made an estimated 77 discoveries from 99 exploration wells in adjacent blocks in Agadem. It is believed that the geology of R 1/R 2 area to be similar.
ARKeX’s airborne FTG survey will help to image the basin architecture and intra-sedimentary faulting. The data will also be integrated with existing 2D and 3D seismic to provide a clearer picture to the subsurface geology.
Andrew Knott, CEO of Savannah Petroleum, commented, “The commencement of the FTG survey is another important step for Savannah as we look to unlock the significant potential of the R1/R2 Permit. The results of the survey will be integrated into our existing Agadem basin subsurface model alongside the large 2D and 3D seismic data sets Savannah is currently interpreting.
“We remain on track to complete our leads and prospects inventory in Q1 2015 and to commence our high impact exploration drilling program in mid-2015. We remain confident in the outlook for Savannah and the attractiveness of the Agadem basin as a proven, highly prospective and low-cost oil province.”
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