LONDON (AFX) - WHAM Energy PLC, the North Sea oil and gas exploration company, said it intends to contract Petroleum Geo-Sciences to conduct a detailed 3D seismic survey over one of its major prospects, blocks 48/3a and 48/4, located in the Southern North Sea.
The gross cost of the survey is estimated at 3 mln stg, of which 1.2 mln stg will be paid by WHAM. The rest will be paid by its joint venture partner in Licence P1245, Canadian oil and gas group Ithaca Energy Inc.
The survey will begin later this month, will take approximately one month to complete and will be fully processed by the end of the first quarter of 2007. newsdesk@afxnews.com jfr COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
The gross cost of the survey is estimated at 3 mln stg, of which 1.2 mln stg will be paid by WHAM. The rest will be paid by its joint venture partner in Licence P1245, Canadian oil and gas group Ithaca Energy Inc.
The survey will begin later this month, will take approximately one month to complete and will be fully processed by the end of the first quarter of 2007. newsdesk@afxnews.com jfr COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
© 2006 AFX News
