The seismic program will evaluate a number of highly prospective structures in the block, including the A4-1X discovery, in preparation for a 2012 appraisal drilling program.
The Durresi block contains the undeveloped A4-1X gas condensate field, 30 kms off the southern coast of Albania.
The discovery indicated approximately 38mmbbls of about 51 API condensate and 150bcf of gas.
Petroleum Geo-Physical has been contracted to carry out the survey using the M/V Ramform Vanguard seismic vessel.
San Leon, through a subsidiary, holds a 75% interest in the block and is its operator, while Beach Energy holds the remaining interest.
Beach Energy has agreed to pay 50% of the seismic program costs, rather than its 25% working interest requirement, in exchange for an option which, if exercised, will allow it to hold a 50% interest in the license going forward.
