InterOil engages French firm to do survey

 A FRENCH-based company has been awarded a land seismic and an airborne gravity survey by InterOil to assess the hydrocarbon potential of their acreage in Gulf.

CGG will carry out the study in the province with the first phase around Malalaua district.

The work was part of InterOil’s exploration effort across the highly prospective Eastern Papuan Basin to better understand the 16,000sqkm of licences it holds and define drilling prospects.

Chief executive officer Jean-Georges Malcor said: “CGG was a natural choice for these surveys given the long-term partnership we have developed with InterOil in the Asia-Pacific region over the last seven years. 

“The awards recognise both our ability to supply a fully integrated exploration solution and our capability to tightly integrate the interpretation using both the airborne geophysics and the land seismic data into a “Basin in a Box” multi-physics solution which will be highly beneficial to InterOil. 

“They are an excellent example of how CGG’s unique range of fully integrated products and services can successfully come into play and bring significant added value to our clients’ exploration challenges.”

The 2D conventional land seismic award comprises a 465 km survey in InterOil’s southern PPL474 and 476 permits (the Murua survey) and may include additional coverage totalling in excess of 200km to the north over their Triceratops and Raptor discoveries.

Papua New Guinea Today /The National