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Baron Oil said its Gold Oil Peru SAC auxiliary has inked a seismic services deal with Houston-based GSS for the Block XXI prospect in northwest Peru. The aggregate expense of the work will be USD1.5 million and will be liable to natural approbation by Peruvian officials. It claims a 100% stake.
Baron Oil Chief Executive Bill Colvin said, "In anticipation of obtaining formal EIA approval from the government, we have moved to secure the equipment and services from GSS necessary to acquire the seismic data around the Minchales well area. We have been working closely with GSS to design the best seismic programme around this area using the extensive data already acquired from the original well and the subsequent Fugro work."
