Petroleum Africa
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Tuesday, June 3, 2014
ION Geophysical Corp. has signed an agreement with Libya’s National Oil Corp. (NOC) to acquire 21,000 km of 2D seismic data in the North African country. The agreement was signed in conjunction with North Africa Geophysical Exploration Co. (NAGECO).
The survey, to be known as LibyaSPANTM, is a multi-client survey and will be acquired in multiple phases. Phase 1 is planned to encompass over 7,700 km of new high-end long-offset seismic data covering the entire Libyan offshore.
Jason Robinson, VP EAME for ION’s GeoVentures division, commented, “We are very pleased that, following our long-standing relationship with NOC, this unique program is now able to move forward. LibyaSPAN is designed to create a comprehensive picture of the Libyan geology, tying all of the major basins and providing the deep imaging essential to understanding new exploration plays. With the anticipation of future license rounds in Libya, the data will help oil and gas companies evaluate large regions and focus on those areas with the highest chance of success.”
Data acquisition is anticipated to commence in mid-2014, with data delivery planned for the end of 2014.
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