TGS has announced an extension to its agreement with the Somali Petroleum Authority, granting the company continued rights to market and license geophysical data covering Somalia’s offshore basins. The agreement reinforces TGS’s long-term commitment to supporting the development of Somalia’s energy sector, with the company’s comprehensive regional data library enabling energy companies to evaluate the significant exploration potential across the country’s offshore areas, which remain among the world’s most underexplored regions.
Through this agreement, TGS will continue to offer exclusively over 46,000 line kilometers of modern 2D seismic data and more than 50,000 kilometers of aeromagnetic data. The company provides essential insight into the geological framework and prospectivity of the region through cutting-edge acquisition technology and advanced imaging solutions. These datasets are critical for companies assessing investment opportunities across numerous available offshore blocks.
David Hajovsky, Executive Vice President Multi-Client at TGS, stated that the extension further underscores the company’s long-term commitment to the Federal Republic of Somalia and its offshore licensing program. He noted that with access to their exclusive, modern seismic and aeromagnetic library, TGS is ready to support both the Somali Petroleum Authority and the Ministry of Petroleum and Mineral Resources as they open up one of the world’s last frontier hydrocarbon provinces.
Source: energy-pedia.com