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Wednesday, April 27, 2016
Energean Oil & Gas completed a new 2D seismic survey in Egypt on the West Komombo-Block 3. The survey covered the West Baliana interior rift basin at the north of the block. The survey lasted three months and was conducted by Africa Geophysical Services.
Energean acquired a total of 389 km of 2D seismic data, bringing the total coverage on the block to 2,000 km. The survey was conducted ahead of the two exploration wells that are planned for drilling within 2016. Preliminary processing results and interpretation on Line 50001 showed well pronounced prospective structure developments within the well identified interior rift system at the northern part of the Concession.
The new integrated study over the Sin El Kaddab interior/Lacustrinal Rift System at the southern part of the concession, showed a well-developed thick sedimentary sequence, partially deeper than the adjacent oil producing Komombo rift system. One large prospective structure was seismically mapped over a deep seated/well pronounced paleo-Magnetic four-way dip closure. The mapped drilling location is surrounded by deeper depositional area and is in direct drainage patterns of potential mature late Paleozoic-Jurassic source rocks.
Additional 16 sizeable HC structural Leads within reach to paleo Magnetic depositional depocenters / potential mature kitchen area were also identified within Sin El Kaddab sedimentary basin to be matured to prospective drilling locations upon reprocessing of previously acquired seismic data by previous operators.
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