Project type:
2D Seismic Surveys
Location:
Panama
Acquisition mode:
Marine Streamer
Environment:
Deep Offshore
Size:
5,929 km

5,929 line km covering the main areas of interest in the Pacific offshore area of Panama including gravity-magnetics data.

Acquisition parameters:

  • Configuration 1 x 12,000 m
  • Streamer Depth 8.5 m
  • Record Length 14 s / 16 s
  • Sample Rate 2 ms
  • Fold 160
  • Source 1 x 5202 / 1 x 5272 in³
  • Source Depth 6.5 m

The Republic of Panama is still largely unexplored for oil & gas, and the Government has initiated policies to encourage interest from international exploration companies.

Geology

The Pacific margin of Panama & Costa Rica is a history of accretionary convergence to a fore-arc, dating from the Cretaceous to the present day.  The South Panama Deformed Belt (SPDB) is a young accretionary prism formed along an oblique convergent margin. The northward push of South America against the Central American Arc induced strike-slip movements along the Pacific margin. Complex accretionary structures are observed on the Osa & Burica Peninsulas, and associated folding/thrusting arising from tectonic deformation is seen below an Eocene unconformity in the Gulf of Chiriquí. Structures dominated by late strike-slip faulting are observed on Coiba Island, the Sona & Azuera Peninsulas. The eastern Cebaco Basin Complex demonstrates extensional faulting in the form of half-grabens. Evidence of petroleum systems occur in eastern Gulf of Panama, including the Garachine surface oil seep, oil shows in wells, and a possible seep in the Azuera Peninsula.