Nicaragua exploration round on tap

Click here to enlarge imagenullExploration contractor Fugro-Geoteam AS, Oslo, has disclosed the availability of nonexclusive seismic data for Nicaragua`s Caribbean continental shelf, ahead of a bidding round expected to open in early 2000.The licensing round will be Nicar- agua`s first, and it marks the first time the play has been open to the international petroleum industry since the 1970s.Nicaragua passed new petroleum legislation in March 1998 to facilitate licensing.Fugro-Geoteam acquired 3,097 line km of 2D seismic data in shallow water off Nicaragua`s east coast.The package on offer incorporates eight earlier wells and will be available to potential bidders in August-September.Th...

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