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Thursday, February 6, 2014
In Kenya, Chinese seismic firm BGP has started the acquisition of further 2D seismic data on Taipan Resources’ Block 2B. The company said that the data will be used to finalize the drilling location for the Pearl-1 prospect.
BGP has been contracted to provide an additional 178.75 km of 540-fold 2D seismic data. The seismic program is expected to be completed by the end of February.
Taipan holds a 45% interest in Block 2B and is the operator during the exploration phase, with Premier Oil Plc having the right to assume operatorship of any development. Premier Oil is carrying Taipan through the cost of the work program for the first additional exploration period on Block 2B with a total gross cost of up to $29.5 million. This includes the drilling and testing of the Pearl-1 prospect.
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