Sterling finishes Ambilobe 3D survey

Madagascar

ANTANANARIVO , June 3, 2015 – UK exploration and production independent Sterling Energy announced on Tuesday the completion of a 3D-seismic survey spanning nearly 1,100 square kilometres in Madagascar’s offshore Ambilobe block.

The company contracted the survey out to geoscience company CGG Services. In a statement, Sterling said that the process of interpreting the data will begin soon, with the final results expected to be ready in the first quarter of 2016.

“We look forward to receiving the processed seismic data to build upon our understanding of the sub-surface imaging of the basin which will assist the joint venture partners to determine the exploration activities on the block in 2016,” Sterling’s CEO Eskil Jersing said on Tuesday.

Sterling and Pura Vida, an oil exploration company operating in Africa, each have a 50-percent interest in the Ambilobe block. Sterling struck a farm-out agreement in December 2013 with Pura Vida to bear all the costs of acquiring a 3D seismic programme.

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