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Block 29/11, China - Seismic Inversion Project
Block 29/11, China - Seismic Inversion Project.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \n \n RNS Number : 5976N\n Empyrean Energy PLC\n 21 May 2020\n \n \n \n \n This announcement contains inside information\n \n \n \n \n \n Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & Gas\n \n \n \n \n \n 21 May 2020\n \n \n \n \n \n Empyrean Energy plc\n \n \n \n \n \n Block 29/11, China - Reservoir Quality Assessment - Seismic Inversion Project \n \n \n \n \n \n Empyrean Energy (\"Empyrean\" or the \"Company\"), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce the results of its seismic inversion project, designed to assess the reservoir quality and reservoir rock composition at its Jade and Topaz prospects at Block 29/11 in the Pearl River Mouth Basin, offshore China.\n \n \n \n \n \n HIGHLIGHTS\n \n \n · \n \n Reservoir rocks at Jade and Topaz interpreted to be excellent quality carbonates\n \n \n \n · \n \n Porosities at Jade and Topaz interpreted to be in the highly favourable range of 20-30%\n \n \n \n · \n \n Excellent cooperation between the Empyrean, COSL and CNOOC technical teams delivers a robust dataset resulting in significant technical confidence in the results \n \n \n \n \n \n \n As previously announced, the Company engaged China Offshore Services Limited (\"COSL\") to carry out data processing and technical work for the seismic inversion project. Following this, the Company has undertaken detailed analysis and assessment of the dataset.\n \n \n \n \n \n The Company is pleased to report that comprehensive analysis of the seismic inversion data has now been completed, and validates the interpreted presence of excellent quality carbonate reservoir facies at both the Jade and Topaz prospects with porosities interpreted to be in a highly favourable range of 20-30%.\n \n \n \n \n \n The main aim of the seismic inversion project was comprehensive reservoir characterisation, with particular focus on the Jade and Topaz prospects, by combining existing well log data with 3D seismic data to generate an acoustic impedance dataset. Analysis of this nature has been used to successfully interpret the physical rock properties of reservoirs globally - in particular lithology, porosity and thickness of reservoir.\n \n \n \n \n \n In order to achieve the most comprehensive and...