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Brazil’s President Dilma Rousseff has now authorized the long-awaited licensing Round 11 which will be held in May 2013. During his announcement, made on January 10th, The Minister of Mines and Energy, Edison Lobão anticipated that the round will contain all but 2 of the blocks previously announced.

Spectrum has recently acquired 38,588 km of new long offset 2D seismic data covering the Foz do Amazonas, Barreirinhas, Ceará and Potiguar Basins in the Northern Equatorial Margins offshore Brazil. In addition, a re-processing effort is underway on a seismic dataset tying the Foz do Amazonas, Pará-Maranhão and Barreirinhas Basins. Spectrum offers a total of over 48,000 km of Multi-Client seismic in this area of extremely high prospectivity.

Spectrum’s Multi-Client seismic data is located in all offshore basins that are included in Round 11 and cover most of the Sector Block Areas that have been released by the ANP as the basis for the final block selection. Final PSTM, PSDM and other ancillary products are available or will be available from Spectrum for Round 11.

Multi-Client Surveys:

New Seismic Acquisition

Foz do Amazonas Ph1 and Ph2 = 21,369 kms

Northern Margins Barreirinhas = 6,614 kms

Northern Margins Ceará and tie-lines = 6,466 kms

Potiguar = 4,139 kms

Total new acquisition = 38,588 kms

Newly Re-processed Seismic

Foz do Amazonas – Pará-Maranhão repro = 9,663 kms

Total new re-processing = 9,663 kms

Total data available for Round 11 = 48,251 kms

Press Release, January 17, 2013