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when dem drill deh well dem dem fi call dem Bolt and Frasier...
From Upstream... 8/9/2008..
PGS wins multi-client contract for survey around disputed archipelago
Colombia targets San Andres shoot
By Gareth Chetwynd
Geophysical giant Petroleum Geo-Services (PGS) is poised to start work on a 2500 line kilometre multi-client 2D seismic shoot in a high potential frontier region around Colombia's San Andres archipelago.
It is also hoping to ramp up operations there further once <span style="font-weight: bold">Colombia and Jamaica</span> agree on their plans to permit exploration activity in a joint development area along their maritime border.
The Cayos basin shoot in a 90,000-square kilometre area would bolster Colombia's determination to shrug off Nicaraguan claims to the San Andres and Providencia archipelago.
Nicaragua has tried to press its own claims in the past, and even attempted to offer exploration rights there in 2003.
Colombia's rights are based on the 1928 Esguerra-Barcenas treaty, but Nicaragua's Sandinista government repudiated the agreement in the 1980s, alleging it was signed under duress due to the presence of US forces.
The territorial dispute over San Andres is now in the hands of the International Court of Law in The Hague, in the Netherlands, where initial rulings on points of law have pointed in Colombia's favour.
Colombian hopes for the San Andres area were given a boost in 2005 when Norway's Wavefield Inseis carried out an 11,000 line kilometre long-offset 2D regional survey in the Cayos basin, with encouraging results.
No wells have been drilled in the area since two probes in the 1970s.
"We have been working on this for a long time and we do not anticipate any problems," said Armando Zamora, director general of Colombia's National Hydrocarbons Agency.
"Ideally, we would like to these surveys to lead to a stratigraphic well over the next two years," he added.
<span style="font-weight: bold">Meanwhile, Colombia and Jamaica</span> are close to agreeing to jointly develop a swathe of territory to the east of San Andres.
"We are just one more meeting away from concluding this process, and I would describe it as 95% complete," said Zamora.
The joint development agreement will open the door to speculative surveys in the area.
It is understood that PGS and at least one other company are waiting in the wings for a survey in an area that could ultimately extend to more than 200,000 square kilometres.
"It is not yet clear if Colombia's preference for an open approach will prevail or the Jamaicans will insist on just one seismic company getting the green light," said a well-placed source.
Another potential sticking point is Colombia's preference for a more streamlined joint authority, as opposed to a bilateral decision-making procedure.
From Upstream... 8/9/2008..
PGS wins multi-client contract for survey around disputed archipelago
Colombia targets San Andres shoot
By Gareth Chetwynd
Geophysical giant Petroleum Geo-Services (PGS) is poised to start work on a 2500 line kilometre multi-client 2D seismic shoot in a high potential frontier region around Colombia's San Andres archipelago.
It is also hoping to ramp up operations there further once <span style="font-weight: bold">Colombia and Jamaica</span> agree on their plans to permit exploration activity in a joint development area along their maritime border.
The Cayos basin shoot in a 90,000-square kilometre area would bolster Colombia's determination to shrug off Nicaraguan claims to the San Andres and Providencia archipelago.
Nicaragua has tried to press its own claims in the past, and even attempted to offer exploration rights there in 2003.
Colombia's rights are based on the 1928 Esguerra-Barcenas treaty, but Nicaragua's Sandinista government repudiated the agreement in the 1980s, alleging it was signed under duress due to the presence of US forces.
The territorial dispute over San Andres is now in the hands of the International Court of Law in The Hague, in the Netherlands, where initial rulings on points of law have pointed in Colombia's favour.
Colombian hopes for the San Andres area were given a boost in 2005 when Norway's Wavefield Inseis carried out an 11,000 line kilometre long-offset 2D regional survey in the Cayos basin, with encouraging results.
No wells have been drilled in the area since two probes in the 1970s.
"We have been working on this for a long time and we do not anticipate any problems," said Armando Zamora, director general of Colombia's National Hydrocarbons Agency.
"Ideally, we would like to these surveys to lead to a stratigraphic well over the next two years," he added.
<span style="font-weight: bold">Meanwhile, Colombia and Jamaica</span> are close to agreeing to jointly develop a swathe of territory to the east of San Andres.
"We are just one more meeting away from concluding this process, and I would describe it as 95% complete," said Zamora.
The joint development agreement will open the door to speculative surveys in the area.
It is understood that PGS and at least one other company are waiting in the wings for a survey in an area that could ultimately extend to more than 200,000 square kilometres.
"It is not yet clear if Colombia's preference for an open approach will prevail or the Jamaicans will insist on just one seismic company getting the green light," said a well-placed source.
Another potential sticking point is Colombia's preference for a more streamlined joint authority, as opposed to a bilateral decision-making procedure.
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