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Wednesday, January 6, 2016
Oyster Oil and Gas commenced an airborne survey in Djibouti. The survey is being conducted by Bridgeporth Holdings Ltd. and consists of a high density gravity and magnetics airborne survey over some 3,350 line km onshore and offshore of southern Djibouti.
The survey acquisition is scheduled for completion in January 2016, and the contract includes the processing and inversion studies of the data later in 2016.
Dr Phil Roach, Oyster’s head of exploration commenting on the survey said, “This survey will be an important addition to the Djibouti hydrocarbon data set and will aid our understanding of structural development of the working petroleum system in Djibouti. We believe that this high quality survey will enable Oyster to identify optimum areas for further exploration work prior to making any drilling decisions.”
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