Seismic news

SpotLight has received investment from Phaze Ventures, an Oman-based venture capital firm.

The work commitment on Licence P2470 consisted of a small volume of 3D seismic reprocessing.

The data covers the company’s Welwitschia Deep prospect and Marula lead.

A client of SeaBird Exploration has cancelled two OBN surveys off West Africa due to the Covid-19 situation.

The latest Kwanza Shelf survey will provide key data for the Angolan 2021 Licence Round.

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

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.

The fully merged and migrated Tablelands and North Tablelands 3D datasets cover approximately 12 500 km2 in the eastern part of the Orphan Basin.

The contract revenue was estimated at US$1 million, and AGS will receive a cancelation fee of 25% of the estimated revenue amount.