Singapore – August 22nd, 2017. Pacific Hunt Energy (the “Company”) is pleased to announce that it has acquired Myanma Oil & Gas Enterprise’s approval to award 2D Land Seismic Survey Contracts for Myanmar PSC Block H and PSC Block C-1 to BGP Inc., China National Petroleum Corporation (“BGP Inc., CNPC”). The seismic land survey contracts for both blocks total over 465 line Km in length and is scheduled to commence in 4th Quarter 2017.
“We are pleased to award the tenders to BGP Inc., CNPC who has scored the highest in both of our technical and HSE evaluation.” said Pacific Hunt Energy Managing Director, Mr. Grant Petersen, “BGP Inc., CNPC is a leading geophysical service company with experience operating in terrains similar to our blocks, and we are confident that they will be able to complete the seismic surveys successfully in the upcoming dry season.”
“Glad to know that Pacific Hunt Energy has awarded the two projects to us. We are grateful for the trust and support from the Company, and we commit to execute the projects in an efficient and safe manner and deliver high-quality data, adding great value to the evaluation of hydrocarbon potential in the two concessions”, commented Mr. Gou Liang, MD & President of BGP Inc., CNPC.
In addition to the seismic surveys, Pacific Hunt Energy has also commenced preparation for its 2018 and 2019 drilling campaigns in the PSC Blocks.
About Pacific Hunt Energy
Pacific Hunt Energy is a Canadian Oil & Gas company with a focus on Myanmar. The company has been awarded Blocks PSC C-1 and PSC H in the country’s 2013 Onshore Bidding Round. The land acreage for both blocks totals over 42,000 km2, providing Pacific Hunt Energy with the largest onshore oil and gas exploration acreage position in Myanmar.
About BGP Inc., CNPC
BGP Inc., CNPC is one of the world’s leading geophysical service companies, delivering a wide range of technologies, services, and equipment to the oil and gas industry worldwide. BGP is engaged in seismic data acquisition, processing, interpretation, reservoir geophysics, borehole seismic, micro-seismic, GME and multi-client surveys, equipment manufacturing, software R&D and IT technology.