Falcon Petroleum Ltd is undertaking a seismic survey in its Blue Nile Concession area in the Amhara Regional State, South Wollo Zone, in the Wereilu locality.The United Arab Emirates (UAE) based company hired an Italian company, GeoDynamics Research, to undertake the seismic survey. GeoDynamics said it was carrying out a passive seismic survey for the third time in Ethiopia. Previously the company had conducted two passive seismic surveys named Wereilu I and II. The company said the new survey was conducted through the commercial agent, GeoDynamics, wordwide for the client Falcon Petroleum within the concession Block AB1.
The company said the project was different from the previous surveys – Wereilu I and Wereilu II – for the different data acquisition procedure.
A number of international and few local companies are currently undertaking petroleum exploration in various parts of the country. Oil companies actively involved in the petroleum exploration and development undertakings are: Africa Oil Ethiopia B.V. (Subsidiary of Africa Oil Corp.), Calvalley Petroleum Inc., Epsilon Energy Ltd., Falcon Petroleum Ltd., Southwest Energy, Tullow Oil, and Pexco Exploration (east Africa) N.V.Source: The Reporter Ethiopia (By Kaleyesus Bekele)