Malta: MOG to shoot 3D seismic survey in Area 4

Mediterranean Oil & Gas PLC, through subsidiaries, has let a contract to Fugro-Geoteam Pty. Ltd. to shoot 1,000 sq km of long-offset 3D seismic in Area 4 in the Mediterranean off Malta.

Mediterranean Oil & Gas PLC, through subsidiaries, has let a contract to Fugro-Geoteam Pty. Ltd. to shoot 1,000 sq km of long-offset 3D seismic in Area 4 in the Mediterranean off Malta.

Acquisition is expected to take about 30 days. Processing is to start as soon as acquisition is complete, and results are to be in hand by the end of the first quarter of 2012. MOG holds blocks 4, 5, 6, and 7 in Area 4 totaling 5,700 sq km bordering Libya.

Area 4 is covered by various vintages of 2D seismic data and by a 3D survey over the western part of Block 7. Since 2007, MOG has shot 1,012 sq km of 2D seismic and has reprocessed in time and depth the existing 3D dataset. MOG reinterpreted the entire 2D and 3D package available in the PSC, confirming four prospects and five leads.

The three most mature prospects are in Block 7, along the ramp setting of the Melita-Medina graben, close to the Libya Pelagic basin (see map, OGJ Feb. 13, 2006, p. 37).

MOG, through its Malta Oil Pty. Ltd. and Phoenicia Energy Ltd. subsidiaries, holds a 90% operated working in the Malta PSC. Leni Gas & Oil Investments Ltd. has 10%.

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