Bahamas Petroleum, an oil and gas exploration company, has signed an agreement with Osprey Navigation Company, a subsidiary of SeaBird Exploration, to acquire a close grid 2D seismic of four southern licenses in Bahamas.
The company said that prior to 2010, the existing vintage seismic dated back to 1987.
The company acquired further seismic data in June 2010 using modern seismic acquisition technology and the data obtained proved up the existence of potential super-giant traps, with seismic indications of the presence of hydrocarbons.
Bahamas Petroleum anticipates that the 2011 survey will define drillable prospects and resource potential in place.
This is said to be the first prospect-level survey in the Bahamas, and the company has the option to acquire seismic in its northern license area.
SeaBird is a provider of marine 2D and 3D seismic data, solutions for seabed acquisition of 4C/4D multimode seismic, and associated products and services to the oil and gas industry.