Norway-based oil services company Spectrum has signed an agreement with the Lebanon Ministry of Energy and Water (MEW) to acquire a new multiclient 3D seismic survey in the Levantine Basin, offshore of Lebanon.
The study area is in the nation’s south-west exclusive economic zone and an earlier study, conducted by Beicip Franlab, has ranked it as "high prospectivity".
The survey will be carried out in alliance with Dolphin Geophysical using their Polar Duke vessel to acquire at least 1,500 square kilometres of data using 12 streamers and dual source.
This the first phase of a project, which will incorporate up to 3,000 square kilometres on completion.
David Rowlands, Spectrum executive vice president, said the exploration in the deepwater of the Levantine Basin has increased following the discovery of giant gas fields in the Eastern Mediterranean.
"Spectrum has been instrumental in providing data and knowledge to enhance awareness of this basin," Rowlands said.
"Our multiclient 2D data and additional products in the area are second to none, both in scope and quality. With this strategically-placed 3D survey we will complete the geological picture allowing clients to fully evaluate the prospectivity."
The acquisition is anticipated to be complete before the end of September 2012 and the entire acquisition programme will be completed by 2013.
The Lebanese Government will open its first ever licensing round, following completion of the study.
Image: Dolphin’s Polar Duke seismic vessel will be used for multiclient 3D seismic survey in the Levantine Basin, offshore of Lebanon. Photo courtesy of: Spectrum.