Spectrum in 2D seismic agreement with Somalian government
- Business & Finance
Norwegian seismic surveyor Spectrum has entered into a multi-client co-operation agreement with the federal government of Somalia to acquire approximately 28,000 km of long offset 2D seismic data offshore south Somalia.
The company says that the new acquisition has been specifically designed to complement 20,000 km of existing seismic that was acquired in 2014. Furthermore, these seismic surveys together will allow the in-depth study of hydrocarbon prospectivity offshore Somalia, which lies in close proximity to major discoveries on the East African margin, the company says. Spectrum added it would use its global reach to market both data sets and raise industry interest.
At the signing ceremony that took place on September 5, 2015, in Mogadishu, the Ministry of Petroleum and Mineral Resources, His Excellency Mohamed Mukhtar Ibrahim, said: “This historic seismic data agreement will be the resumption of the exploration program of the hydrocarbon reserves of our country, which will be a turning point for the economic development of our nation.”
His Excellency Omar Abdirashid A. Sharmarke, Prime Minister of the Federal Republic of Somalia said: “Seismic data can lead to good decision-making and a guided exploration strategy.”