NEOS starts airborne acquisition operations on Lebanon oil project

NEOS GeoSolutions has started airborne acquisition operations on its CedarsOil project in Lebanon.

The 6,000km² multi-physics geoscience survey will examine onshore oil and gas potential in Lebanon.

It includes the transition zone along the Mediterranean coastline and the northern part of the country.

NEOS will use two separate aircraft to acquire five geophysical measurements that include magnetic, electromagnetic, radiometric, gravity and hyperspectral.

Natural variances have been measured to obtain all of the datasets in geophysical properties that occur both really and vertically on the Earth’s surface and subsurface.

Ground-based sensors will be used to take electromagnetic readings across the investigation area to measure naturally occurring magnetotelluric currents.

The company expects to complete acquisition operations in the next two months.

Following an estimated six-month period of processing and interpretation, the measurements and interpretive products will be made available for license and delivery to interested parties in the second quarter of 2015.

The Lebanon Petroleum Authority, the Lebanese Army and the Lebanese Air Force have approved the survey.

Lebanese Minister of Energy and Water Arthur Nazarian said: "We expect that these new datasets will be very useful to oil and gas companies that have investments in, or may be considering investing in, hydrocarbon exploration in Lebanon.

"The planned integration of legacy well and some 2D seismic data along with the newly acquired geophysical datasets should help us to better understand the link between onshore and offshore systems in the eastern Mediterranean, providing new promise for the entire region."

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Image: 6,000km² geoscience survey area onshore and offshore Lebanon. Photo: courtesy of Business Wire.