Spectrum has commenced Phase 4 of the Big Wave Multi-Client seismic programme in the eastern Gulf of Mexico just days after the Obama administration announced its eastern Gulf of Mexico lease proposal.

The new acquisition commenced on 4th April using the GGS Atlantic 2D seismic vessel. It comprises a key infill survey of over 12,000km and is designed to generate a tighter grid for prospect level mapping. Phase 4 will increase Spectrum’s Eastern Gulf of Mexico coverage to 65,000km of long offset high quality seismic data.

This new infill acquisition coincides with Secretary of the Interior Ken Salazar’s announcement on the 31st March 2010 that the Obama administration will expand oil and gas development and exploration on the U.S. Outer Continental Shelf: “The (US Department of the Interior) strategy calls for developing new areas offshore, exploring frontier areas, and protecting places that are too special to drill.” said Salazar. “By providing order and certainty to offshore exploration … we are opening a new chapter for balanced and responsible oil and gas development here at home.”

The Obama administration’s strategy calls for expanded development and production throughout the Gulf of Mexico, including resource-rich areas of the Eastern Gulf of Mexico which are covered by the Big Wave program but are currently under Congressional Moratorium and closed to development.

“The plan we are proposing calls for 4 more lease sales in the Gulf of Mexico by 2012 and, in the years beyond, would open up two-thirds of the oil and gas resources in the Eastern Gulf while protecting Florida’s coast and critical military training areas,” said Salazar. “Our efforts to strategically open new areas in the Eastern Gulf would represent the largest expansion of our nation’s available offshore oil and gas supplies in three decades.”

Spectrum will continue using the GGS Atlantic for the Big Wave infill until a contracted 3rd party vessel arrives in the survey area during May. Thereafter, the GGS Atlantic will mobilise to Trinidad to commence a proprietary 3D programme. It is anticipated that the acquisition of Big Wave Phase 4 will be completed by the end of July 2010.

Tags: Spectrum ASA