Baron Oil 3D seismic reprocessing is a significant milestone in re-evaluation of the Chuditch trend

Baron Oil Plc (LON:BOIL), the AIM-quoted oil and gas exploration company, has provided an update on its offshore Timor-Leste TL-SO-19-16 Production Sharing Contract.

3D Seismic Reprocessing

Baron’s Timor-Leste subsidiary SundaGas Banda Unipessoal, Lda., which holds a 75% operating interest in the Chuditch PSC, has received interim products from the seismic reprocessing of 1,270 km2 of 3D seismic data along the trend of the Chuditch-1 gas discovery. The reprocessing work is being conducted by TGS-NOPEC Geophysical Company ASA (“TGS”) at their UK processing centre, critically in close collaboration with Baron’s technical team.

Processed to an interim Pre-Stack Depth Migration, these initial data are already providing encouraging indications of improvement in the quality of subsurface imaging around the Chuditch gas discovery and offset prospects, compared to the legacy data. Interpretations from these interim data will now be used to feedback iteratively into the final sophisticated seismic processing, which remains on schedule and budget, with final data delivery to Baron during Q2 2022. The final processed version will be critical in the re-evaluation of the Chuditch discovery and surrounding prospectivity, in particular the evaluation of in-place volumes and the location of potential future wells.

 Investor Webinar

An Investor Webinar on the Chuditch asset is planned for January 2022. The presentation is expected to include an updated technical overview and a discussion of the overall commercial context of Chuditch, including potential gas export options. Details of the Webinar will be announced in due course and a copy of the presentation will subsequently be posted on the Baron website.  

Jon Ford, Technical Director of Baron Oil commented:

“The delivery of the initial products from the 3D seismic reprocessing is a significant milestone in our re-evaluation of the Chuditch trend. To date, encouraging improvements have been observed in data quality which we are confident will lead to a substantially clearer subsurface image in the final reprocessed products.

“In parallel, we continue with other studies which, when combined with the seismic reprocessing, will deliver a complete and high quality technical and commercial evaluation of this exciting asset during 2022.”

Qualified Person’s Statement

Pursuant to the requirements of the AIM Rules – Note for Mining and Oil and Gas Companies, the technical information contained in this announcement has been reviewed by Jon Ford BSc, Fellow of the Geological Society, Technical Director of the Company. Mr Ford has more than 40 years’ experience as a petroleum geoscientist. He has compiled, read, and approved the technical disclosure in this regulatory announcement.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Baron Oil plc

    More articles like this

    Baron Oil plc

    Baron Oil’s Chuditch asset to be showcased at four events

    Baron Oil plc (LON:BOIL), has announced that during the next four months, Baron Oil’s wholly owned subsidiary SundaGas Banda Unipessoal Lda., as operator of the offshore Timor-Leste TL-SO-19-16 “Chuditch” PSC, will participate in the following events, where the potential of

    Baron Oil plc

    Baron Oil considerable progress made in 2021

    Baron Oil plc (LON:BOIL), the AIM-quoted oil and gas exploration company, has announced its audited financial results for the year ended 31 December 2021. Operational Highlights • Strategy implemented to focus on owning significant equity interests in high impact

    Baron Oil plc

    Baron Oil to provide a live investor presentation today

    Baron Oil Plc (LON:BOIL), the AIM-quoted oil and gas exploration company, has confirmed, as previously announced, that the Company’s Chief Executive Andy Yeo, Technical Director Jon Ford and Andy Butler (Managing Director of SundaGas Banda, the Chuditch PSC Operator),

    Baron Oil plc

    Baron Oil live investor presentation on Wednesday 26 January 2022

    Baron Oil Plc (LON:BOIL), the AIM-quoted oil and gas exploration company, has announced that the Company’s Chief Executive Andy Yeo, Technical Director John Ford and Andy Butler (Managing Director of SundaGas Banda, the Chuditch PSC Operator), will provide a

    Baron Oil plc

    Baron Oil increases interest in Licence P2478 from 15% to 32%

    Baron Oil Plc (LON:BOIL), the AIM-quoted oil and gas exploration company, has announced the completion of the increase in its interest in United Kingdom Offshore Licence P2478 from 15% to 32% following formal consent given by the United Kingdom