ION Geophysical Corporation has been awarded a seismic data acquisition contract by the Tanzanian Petroleum Development Corporation (TPDC).
Under the contract, ION will acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma Delta region.
The award follows an international tender for a 2D multi-client survey, to be known as ‘TPDC Phase I 2015’, that is planned to be acquired in fourth quarter 2015, ION said in a statement on Tuesday..
“We are very excited on the commencement of this program, which is part of a broader campaign aimed at adding value to all of TPDC assets, both onshore and offshore,” Dr James Mataragio , Managing Director of TPDC, said. “This survey and three other surveys carried onshore are 100% funded by TPDC. This marks an important step for TPDC, as a National Oil Company, to begin fully focusing on exploration, development and production. Blocks 4/1B and 4/1C are 100% owned and operated by TPDC, and this new seismic data will be used to assist TPDC with a competitive farm-out process, details of which will be announced at a later date.”
Joe Gagliardi , Senior Vice President of ION’s Ventures group, added, “ION is delighted to have been awarded this contract, which represents a further phase of seismic acquisition, processing and interpretation services to be provided by ION in support of the government’s hydrocarbon exploration strategy.”