Falkland Islands

Desire Petroleum PLC let a contract for marine seismic surveys in the North Falkland basin to Polarcus Ltd. for the use of the seismic vessel MV Polarcus Nadia.

By OGJ editors
HOUSTON, Oct. 27
-- Desire Petroleum PLC let a contract for marine seismic surveys in the North Falkland basin to Polarcus Ltd. for the use of the seismic vessel MV Polarcus Nadia.

Desire will shoot a 3D survey over areas of Tranches C and D not previously covered by 3D and most of Tranche F to ensure that the east flank fan play fairway, on Desire acreage, has complete coverage. The company also intends to shoot 3D over the northern part of Tranche I and adjacent areas (see map, OGJ, May 17, 2010, p. 37).

Desire retained Monarch Geophysical Services Ltd. to supervise acquisition and processing and shortly will tender separately for a contract to process the data.

Rockhopper Exploration PLC simultaneously signed an identical contract with Polarcus allowing Desire and Rockhopper to share the vessel for acquiring seismic data in each company's adjacent licenses and other areas.

Data acquisition is to start in December 2010 and be completed by the end of April 2011.

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