The new licences provide further exploration potential around the Company’s Karish and Tanin development.
The company has secured significant industry prefunding and has been granted the environmental permit for a broadband 3D marine seismic project in Australia.
CGG Multi-Physics has announced completion of the acquisition, processing and interpretation of a multi-client airborne gravity and magnetic survey of approximately 38 000 line km over the Perdido Fold Belt.
More Exploration news
Block 49 is an onshore block that covers a prospective but still rather unexplored area in the South West of the Sultanate bordering the Kingdom of Saudi Arabia.
Comet Ridge Managing Director, Tor McCaul, said this transaction is a key step in unlocking significant value potential from the Galilee Basin.
Cairenn is the first of a series of multi-client surveys that CGG has recently been acquiring in the area. PSDM products for its Galway survey will be delivered before the end of the year.