Manas Petroleum begins seismic operations on two Blocks - News.MN

Manas Petroleum begins seismic operations on two Blocks

Old News! Published on: 2010.10.29

Manas Petroleum begins seismic operations on two Blocks

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Manas
Petroleum Corporation has announced the start-up of seismic operations on
Blocks XIII and XIV in Mongolia as planned for the year 2010, and is
anticipated to be completed by November. All operating licenses and permits
have been received and the contractor”s personnel and equipment are on site.
This program includes 300 km of 2D seismic survey which represents the required
work program for the year 2011 in accordance with the terms of the Product
Sharing Contract.

Gobi
Energy Partners LLC, a Mongolian subsidiary owned by Manas through its Swiss
subsidiary DWM Petroleum AG, is the operator of the project. Gobi has an
agreement for seismic services with the Chinese company DQE International
Tamsag (Mongol) LLC, a subsidiary of CNPC Daqing Petroleum.

The
purpose of the vibro-seismic survey is to increase the chances of success of
the exploratory wells intended to be drilled upon completion and interpretation
of the new seismic data. The first well is anticipated to be drilled in 2011.

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