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The data acquisition "will provide [the] industry with the first-ever detailed seismic grid over this underexplored frontier area of Argentina, allowing for basin-wide studies of the area," Spectrum said in a statement. "The new data will be utilized to assist the ministry in placement and design of parcels for future license rounds offshore Argentina."
The first deliveries of data are expected in early Q4.
Citing that there has been no deepwater exploration in Argentina to date, the company's EVP multi-client Americas, Richie Miller, said the survey "will soon allow Spectrum to offer a modern 2D library from French Guiana through Brazil to the edge of the Malvinas [Falkland] basin offshore Argentina."
The ministry in February granted permission for the Spectrum survey, as well as a separate one for YPF covering an area of 532,693km2.