Exploration & Production | Seismic

Holloman Updates Wingman 3D Seismic Ops After Delay

Share Print Bookmark    |    Wednesday,August 13,2014

Holloman Energy Corporation has reported that incremental reprocessing of Petroleum Exploration License 444's Wingman 3D Seismic Survey is targeted for completion later this month. As a result, procedures required to initiate the drilling program on PEL 444 are expected to begin in the fourth quarter of 2014.

Holloman Energy CEO, Mark Stevenson, commented: "Our drilling plans for PEL 444 have been delayed somewhat. We believe, however, that the time taken to pursue the best supporting science for our drilling decisions is well spent. We remain confident in the experience and capacity of our operating partner with respect to the exploration of our Cooper Basin Assets."

The Wingman Survey, which covers an 84 square kilometers area of PEL 444, was acquired in the summer of 2013. Initial data processing of the Wingman Survey was completed in February 2014. The data has since been analyzed and as many as nine prospects and leads have been mapped. The targets are all associated with the Birkhead Formation (Birkhead) which is the main producer in the Charo-Snatcher field and located approximately 21 km South-East of Wingman.

During integration of the Charo-Snatcher field data with the Wingman Survey, it became evident that producing wells in Birkhead have subtle stratigraphic features (which include channel sands and crevasse splays). These features display distinct amplitude signatures on the seismic data which emphasizes the importance of amplitude-friendly processing. To further de-risk the already mapped prospects and leads in PEL 444, it was decided to re-process the data with the primary objective of relative amplitude preservation with the broadest possible bandwidth necessary for AVO -- mapping techniques. That incremental reprocessing is targeted for completion later this month.