Echo Energy awarded 3D seismic reprocessing contract onshore Bolivia

LONDON -- Echo Energy, the South and Central American focused upstream gas company, is pleased to announce the award of a seismic reprocessing contract for the 3D seismic data over the Huayco and Rio Salado blocks, onshore Bolivia.

Following a competitive tender process between eight companies, the contract for reprocessing the existing 3D seismic across the Huayco and Rio Salado blocks has been awarded to DMT Petrologic who have extensive experience in the reprocessing of vintage data in similar thrust belt areas. The initial reprocessed tranche is anticipated by the end of November 2017 with the full scope of the work anticipated to be completed during first-quarter 2018.

The acquisition of an interest by Echo in Huayco and/or Rio Salado remains contingent on final commercial terms being agreed and accordingly the Company does not have an interest or the right to acquire any interest at this stage during the non-exclusive evaluation period.