Offshore & subsea - 02 April 2020

The 5600 km2 survey will be undertaken over 90 days and is an extension of Atlantic Margin surveys acquired between 2017 and 2019.

ANP announced the suspension in compliance with a request from the country's Ministry of Mines and Energy.

The project is due to commence in 2Q20 and last approximately 3 months.

The expanded coverage over the Malvinas and Austral Basins adds to Searcher’s existing data in the area.

Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has advised of its acceptance of the Scarborough offshore project proposal.

The company has announced a 30% reduction in 2020 CAPEX to US$300 million.