Searcher Seismic Pty Ltd. declared the proposed acquisition of the Pinatubo multi-client 2D seismic survey. Searcher plan to acquire the 2,387 miles (3,843 kilometers) survey covering a 6.21 by 12.4 mile (10 by 20 kilometer) grid in the West Luzon Basin, offshore Philippines. The survey includes coverage over the PECR5 bid round blocks 8, 9, 10 & 11.
The Pinatubo 2D survey offers for the first time a modern seismic 2D coverage to evaluate the West Luzon Basin. The survey covers an unexplored area and will provide data sufficient to define major structural trends and plan detailed follow up surveys.