RWE Dea completes seismic survey in Turkmen sector of Caspian Sea

Oil&Gas Materials 28 August 2012 13:30 (UTC +04:00)

Turkmenistan, Ashgabat, Aug. 28 / Trend H. Hasanov /

RWE Dea has successfully completed its seismic survey off the coast of Turkmenistan after just under four months, the company said. A 3D seismic survey was carried out in this region for the first time.

About 400 square kilometres were acquired within the scope of the seismic survey. Since mid-April of this year, a survey team consisting of a total of 400 persons had travelled on special ships and vehicles in order to obtain detailed findings of hydrocarbon reservoirs in RWE Dea's licence area Block 23.

As a next step, geologists and geophysicists of RWE Dea in Hamburg will be dealing with the interpretation of the data processed.

This was the first three-dimensional seismic survey carried out on the coast of Turkmenistan with a transition from the onshore region to shallow water.

The region around the Caspian Sea will play an important role in future to secure the European energy supply and is also of immense importance to RWE Dea.

Licence Block 23 in Turkmenistan was awarded to RWE Dea in 2009 as part of a Production Sharing Contract (PSC).

German concern RWE Dea AG is the operator. According to the agreement, the licence envisages the exploration work taking over six years.

Resource estimates are unknown. While revealing the hydrocarbon reserves, a licence for their commercial production was issued for 25 years. Total costs during the initial exploration period of four years are estimated to be from $60 to $80 million.

According to earlier announced plans, it is intended to drill an exploration well after receiving, processing and interpreting the seismic data in 2013.