Lack of easily available seismic data is a big obstacle facing foreign investor in Ukraine’s 42 oil and gas blocks up for auction

Monday, February 11, 2019
Lack of easily available seismic data is a big obstacle facing foreign investor in Ukraine’s 42 oil and gas blocks up for auction

Lack of easily available seismic data is a big obstacle facing foreign investor in Ukraine’s 42 oil and gas blocks up for auction this year, warns the Petroleum Economist. “While efforts have been made to digitize the results of old seismic surveys for perusal by potential investors, much of it remains archived on paper and is not easily accessible,” the London-based news site reports, drawing on interviews with participants at the recent oil and gas conference in London. “Reserve estimates for swathes of the country’s gas-prone acreage, which rely on historic Soviet-era data, may not be accurate, and are better taken as indications of possible rather than proven reserves.”

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