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Gabon to launch 40-block licensing round

11/16/2009
By Eric Watkins
Gabon will launch an oil licensing round for more than 40 blocks from two of its deepwater basins in May 2010, according to an official at CGGVeritas.The licensing round, which will close in November 2010, says Steve Toothill, CGGVeritas chief geologist, is a deepwater round, with attention on subsalt plays.Gabon presents a vast unexplored basin and drilling so far has been only above the salt, according to Toothill, who said his firm has seen some large structures below the salt where there is large potential.CGGVeritas, which has been hired to advise the government on promotion of the licensing round, purchased 12,000 km of seismic data and reprocessed much existing data. Some companies...
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