Searcher enters Argentina: Malvinas exploration campaign underway
Searcher Seismic has advised of its entry into Argentina, with it undertaking four new multi-client projects.
Searcher advised that it will commence in phases, with the first phase comprising an Offshore Basin Analysis report, to provide “a regional framework to understand the offshore basins of Argentina”.
“The report has a single stratigraphic scheme with several new play concepts, ranging from Permian to Miocene, and is available now,” Searcher stated.
“Phase one also includes a 2D seismic reprocessing project (the Malvinas Basin 2D Reprocessing project), comprising approximately 15,000 km of existing data over the West Malvinas Basin failed rift basin, and is now underway.”
The next phase will include the Malvinas Basin Non-Exclusive 2D seismic survey, a regional survey comprising ~11,000 km and tying 18 exploration wells, and the Malvinas Basin Seep Detection program, with both scheduled to commence this year, Searcher stated.
“Responding to industry needs is at the forefront of Searcher’s business model and Argentina is an area showing increased activity and interest,” Rachel Masters, Searcher Global Sales Manager, commented.
“The Malvinas Basin, in particular, offers high-impact, moderate risk exploration in shallow water, with a bid round expected to be announced later this year.”