Swala Energy Limited has announced the successful completion of the 200 km 2D seismic acquisition programme carried out by its subsidiary company, Swala Oil and Gas (Tanzania) Plc over the Moshi Basin in the Pangani licence in northern Tanzania
This programme will satisfy the work obligation for the Third Contract Year.
The preliminary interpretation of these new data has allowed Swala to identify a number of potential structural leads which after final processing of the field data, are expected, to define potential targets for it’s 2015 drilling programme.
The company says it will now focus on the Kilombero basin in the Kilosa-Kilombero licence where it will acquire a further 430km of new 2D seismic data over the area where it has already identified the Kito prospect back in 2013.
These data will be mainly acquired over the leads that were also identified in 2013 so as to mature them as potential future drilling targets.
Swala’s CEO Dr. David Mestres Ridge says the company’s geotechnical team will now progress to interpret the acquired data.
“The successful completion of this first phase in the 2014 seismic campaign in the Moshi basin has progressed quickly and is a credit to the teams from the newly-listed SOGTP and its seismic contractor Polaris (Tanzania) Limited. The SOGTP geotechnical team will now interpret the data over the structural leads it has identified in the Moshi survey with the aim of maturing them into prospects as potential future drilling locations.”