Hyperdynamics Starts Deep Water 3D Seismic Survey Offshore Guinea

Hyperdynamics Corporation announced the commencement of its deep water 3D seismic survey off the coast of the Republic of Guinea.

Using the survey vessel Oceanic Endeavour, seismic contractor CGGVeritas, will acquire 3D seismic data in a deep water area covering approximately 4,000 square kilometers in Hyperdynamics’ oil and gas concession offshore Guinea in West Africa. After it completes the data acquisition phase of the project, CGGVeritas will also process the data.

The survey area is located just southwest of and adjacent to the 3D survey obtained by Hyperdynamics in 2010. The primary goal of this new survey is to investigate multiple possible deep water submarine fans in the equatorial Atlantic margin that were identified from a 2D seismic survey acquired in 2009.

Ray Leonard, Hyperdynamics CEO, commented, “The deep water 3D survey will utilize CGGVeritas’ BroadSeis broadband solution, which is expected provide a clearer and more detailed image of the subsurface. This 3D survey is a critical next step in our ongoing Guinea exploration campaign, one that should further de-risk our acreage and help us identify the most promising deep water locations for future drilling.”

Hyperdynamics operates the Guinea concession with a 77 percent participating interest, with the remaining 23 percent held by Aberdeen-based Dana Petroleum, a wholly owned subsidiary of the Korean National Oil Company.

About Hyperdynamics

Hyperdynamics is an emerging independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa.

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Source: Hyperdynamics , November 14, 2011;  Image: Volstad