TGS, which previously conducted mineral and oil exploration in Somaliland, presented its results in March 2009.
TGS Extends Agreement With the Government Of the Federal Republic Of Somalia to Market and License Offshore Geophysical Data
OSLO, Norway (ANN} – TGS, a global leader in energy data and intelligence, announces the extension to its agreement with the Somali Petroleum Authority. The agreement grants TGS the continued rights to market and license geophysical data covering Somalia’s offshore basins.
This agreement reinforces TGS’ long-term commitment to supporting the development of Somalia’s energy sector. TGS’ comprehensive regional data library enables energy companies to evaluate the significant exploration potential across the country’s offshore areas, which remain among the world’s most underexplored regions.
These datasets are critical for companies assessing investment opportunities across numerous available offshore blocks.
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. TGS is therefore able to provide essential insight into the geological framework and prospectivity of the region through cutting-edge acquisition technology and advanced imaging solutions.
“This extension further underscores our long-term commitment to the Federal Republic of Somalia and its offshore licensing program,” said David Hajovsky, Executive Vice President Multi-Client at TGS. “With access to our exclusive, modern seismic and aeromagnetic library we are ready to support both the Somali Petroleum Authority and the Ministry of Petroleum & Mineral Resources as they open up one of the world’s last frontier hydrocarbon provinces.”
To learn more about TGS’ data coverage in Somalia as well as current licensing opportunities. Learn more at TGS.com.
Meinwhile, TGS, which previously conducted mineral and oil exploration in Somaliland, presented its results in March 2009.
As published on its website at the time, it announced. TGS the availability of seismic and aeromagnetic data in Somaliland.
Accodring to the report TGS announces the availability of seismic and aeromagnetic data in Somaliland… Multi-client data ready for Somaliland’s first petroleum licensing round Houston, Texas (12 March, 2009) – TGS-NOPEC Geophysical Company (TGS) announced that it has completed processing and interpretation of two new multi-client programs in Somaliland. Acquired in partnership of the area and allow for the development of leads, plays, and structural highs for further investigation, this new data is released to coincide with Somaliland’s first petroleum licensing round, which opened in February. The bid round includes eight concession blocks comprised of more than 89,624, accodring data.
About TGS
TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).