Exploration - 13 May 2020

Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed two services contracts for the initial phase of seismic acquisition in the Rio Muni area.

The drilling programme for well 7321/8-2 S relates to the drilling of a wildcat well in production licence 719.

TGS has reported EBITDA of US$125 million in 1Q20, 1% above 1Q19.

Electromagnetic Geoservices' adjusted EBITDA for 1Q20 was negative US$0.8 million, up from negative US$1.2 million in 1Q19.