Indonesia

GeoPetro Resources Co., San Francisco, said its 12% owned Continental-GeoPetro (Bengara-II) Ltd. subsidiary let a contract for a seismic survey in the Bengara-II block in East Kalimantan, Indonesia.

By OGJ editors
HOUSTON, July 7
– GeoPetro Resources Co., San Francisco, said its 12% owned Continental-GeoPetro (Bengara-II) Ltd. subsidiary let a contract for a seismic survey in the Bengara-II block in East Kalimantan, Indonesia.

An undisclosed local seismic contractor will shoot 120 sq km of 3D and 844 line-km of 2D seismic at an estimated acquisition cost of $28.5 million. A large part of the program is in the transition zone of the Bulungan River and Sulawesi Sea. Completion is set for 2010.

The surveys are mainly to delineate the Seberaba oil discovery and Makapan gas-condensate discovery. A large part of the 2D program is intended to further define exploration prospects, including the Galiadap structure, for drilling in 2010-11.

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