This agreement was signed in November 20, 2019 and it provides an excellent regional framework across the offshore basins, including those with proven prolific oil prospectivity and those that remain dramatically underexplored. The offshore Peru data library comprises three multiclient products:

• Huayno Broadband 2D Reprocessing

• Peru OpenSeis 2D&3D post stack processing work

• Peru Well Atlas including post drill analysis

Searcher is applying modern broadband reprocessing to 25,700 km of vintage 2D field data as part of the Huayno Broadband 2D reprocessing project. The regional 2D reprocessing project has revealed a huge uplift, in particular, the improvement in imaging internal geometry and fault blocks in the shallow section. The dataset provides a much-improved, consistent, regional grid covering the offshore basins of Peru, tying as many wells, leads and prospects as possible. 

The offshore Peru OpenSeis 2D&3D post-stack processing work consists of both 2D and 3D vintage seismic data which has been rectified with Searcher’s proprietary OpenSeis post-stack processing method. The post-stack processing rectifies navigation, metadata, amplitude, phase and time to create a contiguous database that can be easily loaded into any interpretation software. The data package comprises of approximately 44300 km of 2D and 15,500 km2 of 3D seismic data along the coast of Peru and consists of 19 rectified and merged 2D seismic surveys and 21 rectified and merged 3D seismic surveys. 

Searcher has also undertaken a post-drill well analysis of approximately 40 exploration/appraisal wells across five basins to complement the seismic database. The horizons have been remapped, wells reanalyzed and detailed risk assessment undertaken to create a modern well atlas.