- Highlights
Reprocessing of a total of 1,000 km2 of legacy 3D seismic data across three leading prospects completed.
Data quality vastly improved, significantly enhancing oil and gas prospectivity.
Resource estimation of main prospects underway.
Jaguar and its partner, Condor Energy Ltd, have completed the targeted reprocessing of legacy 3D seismic data on its 4,585 km² Tumbes Basin Technical Evaluation Agreement (TEA or block) offshore Peru.
The block contains over 3,800km2 of legacy 3D seismic data, with Jaguar and Condor reprocessing an aggregate of 1,000km2 PSDM covering the two high potential oil prospects (Raya and Bonito) and the Piedra Redonda gas field.
Figure 1 – Seismic reprocessing projects at Bonito, Raya and Piedra Redonda
The contract for reprocessing was awarded to Advanced Geophysical Technology (“AGT”) of Houston who have now delivered final products including Pre-Stack Time Migration and Pre-Stack Depth Migration volumes as well as derivative products used for Quantitative Interpretation (“QI”) workflows. These workflows provide enhanced insights into the lithology of subsurface rocks and the fluids they may contain.
Jaguar is pleased with the results of the reprocessed volumes which have improved both the quality of the seismic image and the frequency content (Figure 2). These improvements greatly enhance the quality of seismic interpretation.
Figure 2 – The reprocessed data show improvements in resolution, structural imaging and frequency content
Significantly, the production of Pre-Stack Depth Migrated volumes offers a valuable tool which allows for more accurate structural imaging and enables interpreters to work in depth compared to the original data which had only been provided in Two Way Time (“TWT”).
Jaguar has commenced a review of the Raya and Bonito prospects and the Piedra Redonda discovered gas field using the new reprocessed seismic and is confident that the improved 3D seismic data will enable the formulation of Resource estimates.
