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Tuesday, December 2, 2014
Savannah Petroleum launched its airborne Full Tensor Gradiometry (FTG) survey on its R1/R2 License Area in Niger. The survey is being conducted by ARKeX.
During the survey the ARKeX N344CS Twin Otter aircraft will operate from CNPC’s Jaouro airstrip which is located in close proximity to the R1/R2 permit. The N344CS will make a series of daily flights over the R1/R2 license area and its surrounds, acquiring valuable geological data which it is anticipated will materially expand the company’s existing R1/R2 exploration target inventory.
The survey is expected to be completed in Q1 2015.
Adolphe Gbaguidi, Niger’s Director General Hydrocarbons, said: “At its first Management Committee a few months ago, Savannah Petroleum took the commitment to conduct an FTG Survey on its license area. Today the Ministry of Petroleum is pleased to witness that Savannah is keeping its promises. The ARKeX plane is here and will fly to Agadem to start the survey. We are extremely happy because it will be the first time an FTG Survey is done in Niger. Having access to an advanced technology like this is exactly why we chose to diversify our partners and welcomed Savannah in Niger. We thank Savannah for making such an innovation in Niger’s oil and gas industry, and hope that the results of the survey will help Savannah improve its subsurface geological model with the objective to make important discoveries.”
Andrew Knott, CEO of Savannah Petroleum, said: “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 3 D 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.”
Jim White, CEO of ARKeX, said: “ARKeX and FTG have a successful track record in assisting the exploration of African Rift Systems and we are delighted to be bringing our acquisition, processing and interpretation expertise t o Savannah Petroleum in Niger. We believe the resulting high resolution 3D gravity data ARKeX will produce should have a significant positive impact on future exploration activity in the basin and are very pleased to have been awarded the Savannah Petroleum survey.”
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