Empyrean Energy has finalized the preliminary internal interpretation of the ‘fast-tracked’ processing of raw seismic data from the recently acquired 3D seismic on Block 29/11, offshore China.
This preliminary interpretation has confirmed the structural validity and the potential size of the Jade and Topaz prospects and has revealed an exciting new prospect named Pearl which is located to the north of Topaz.
Empyrean CEO Tom Kelly said, “Empyrean is excited to confirm that, based on our internal preliminary analysis, Block 29/11 contains prospects of truly significant scale and size. That the three priority targets have a cumulative mean potential to contain 591 million barrels of oil is a great early result from the 3D seismic data recently acquired.
“We will obtain better resolution and imaging from the full processing of data, a process which is underway and the results of which will be announced in due course, but these early results greatly exceed our expectations and the data quality is excellent.”