Pacific Hunt Energy (the “Company”) is pleased to announce that it has acquired Myanmar 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.