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Thursday, April 26, 2018
Sterling Energy updated activities in Somaliland in its latest quarterly report. According to the company, the trial line 2D processing initiated by Sterling over the Odewayne block is showing encouraging signs. The data will be used to further develop the company’s understanding of the asset potential ahead of a drilling decision.
As of November 2017, Sterling undertook an integrated geological review of the basic post-stack processed 2D dataset provided by the operator Genel Energy. Following encouraging technical indications, it is now undertaking a highly focused and rigorous processing effort, independent of Genel, with the primary technical objective of improving the deeper subsurface image. The first phase deliverables will be a full pre-stack time migrated dataset, consisting of three lines of approximately 235 km.
According to Sterling there is an option in place for a second phase of processing on the remaining 765 km (13 lines) of data; the decision to progress to this optional second phase will be made once the initial deliverables have been received and assessed. This workflow will allow for an informed technical and commercial perspective on the block in H2 2018.
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