By OGJ editors
HOUSTON, Jan. 24 -- Hyperdynamics Corp., Houston, was attempting to interest potential farmees in a 31,000 sq mile concession in the Atlantic off nonproducing Guinea that it has held for several years.
The block, which the company calls the largest license acreage position off West Africa, lies halfway between oil production off Mauritania and Ivory Coast. The company's SCS Corp. subsidiary holds the block.
Hyperdynamics has shot 5,000 km of 2D seismic, run a geochemical drop core survey, performed a remote sensing satellite study for oil seeps, and completed an independent integrated interpretation of the data.
As part of its production sharing contract, the company plans to acquire and interpret as much as 18,000 km of seismic by late 2008.
A subsidiary of GlobalSantaFe Corp. is nearing completion of a study to identify logistics needed to support future drilling and production operations.