Manas Petroleum Corp. begins Seismic Program in Mongolia(PresseBox) (Baar, )
Gobi Energy Partners LLC, a Mongolian subsidiary owned by Manas through its Swiss subsidiary DWM Petroleum AG, is the operator of the project. As previously announced, Gobi signed an agreement for seismic services with the Chinese company DQE International Tamsag (Mongol) LLC, on August 31, 2010. DQE International, a subsidiary of CNPC Daqing Petroleum, has extensive experience in the hydrocarbon exploration industry performing seismic survey, well drilling, completion and services in northern China, in South- East Mongolia and many other countries.
The purpose of the vibro-seismic survey is to improve its existing geological data and to increase the chances of success of the exploratory wells intended to be drilled upon completion and interpretation of the new seismic data. The first well is anticipated to be drilled in 2011.
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