OIL

Gippsland, Pancon start Kenya seismic

GIPPSLAND Offshore Petroleum and joint venture partner Pancontinental Oil & Gas will this week st...

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Operator Gippsland said the 1200 line square kilometres of seismic would precede a BHP Billiton-operated acquisition of airborne gravity data using the Falcon system over onshore and offshore areas, starting at the end of the month.

Gippsland, which will earn a 60% equity share in the block by spending $US1.9 million ($A2.4 million) on the geophysical exploration program, will become operator for the joint venture.

L-6 is a coastal block with about 30% of the area being onshore. Gippsland said the Falcon technology would be key to linking the onshore geology to the offshore and helping to unlock the basin’s structural setting.

Interpretation of the new seismic and Falcon data will be completed by August in preparation for moving into the drilling phase of the program, it said.

Participants in the JV are operator Gippsland, which holds a 60% interest and Pancontinental (40%).

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