INTERNAL STOCK BRIEF
| Searcher has completed the reprocessing of an additional 8,008 kms of 2D seismic data offshore Argentina as part of the Argentina Super-Tie 2D Reprocessing Project. The expanded coverage over the Malvinas and Austral Basins adds to Searcher’s existing data in the area, comprising over 19,000 kms of high quality broadband reprocessed 2D seismic data to support future bid rounds, regional evaluations and due diligence of existing commercial opportunities. The recent project completion expands Searcher’s data library with another ~8,000 km of 2D data reprocessed by a modern broadband and AVO compliant workflow to both significantly improve imaging quality and provide regionally consistent data coverage. Joshua Thorp, VP Data & Analytics for Searcher highlights how integral the support from the Secretariat of Energy and other industry partners was to ensure the success of the project. “Given the complexity and volume of vintage data involved, the project would not have been possible without support from the Secretariat of Energy and several industry partners who have all contributed data and significant resources to make this project a reality,” Mr Thorp said. “The uplift between the legacy and reprocessed data is significant. Geological features are far more visible in the reprocessed data, such as faults and prograding clinoforms. Imaging of deeper stratigraphy and basement has also improved immensely, both critical elements assisting with source pod identification”, Joshua added. Searcher said it has “been a proud participant” in the historical first offshore Argentina exploration bid round in its provision of data and intelligence to the global exploration community. “This latest expansion of our data library shows Searcher’s ongoing commitment to offering high quality and high value data to both government and industry. Searcher looks forward to future offshore bid round announcements and expanded participation from the exploration community in already held acreage.” |
