Somaliland gathers data for first licensing round
TGS-NOPEC Geophysical Co. has collected and interpreted data in two multiclient programs in Somaliland in partnership with the Somaliland Ministry of Water and Mineral Resources.
OGJ International Editor
LONDON, Mar. 17 -- TGS-NOPEC Geophysical Co. has collected and interpreted data in two multiclient programs in Somaliland in partnership with the Somaliland Ministry of Water and Mineral Resources. The work was in preparation for the nation's first licensing round (OGJ Online, Feb. 19, 2009).
The data consists of 5,300 line km of marine 2D seismic, gravity, and magnetic data, plus 34,000 km of high-resolution aeromagnetic data covering onshore areas.
"The bid round includes eight concession blocks comprised of more than 89,624 sq km of onshore and offshore areas. Somaliland is geologically analogous to nearby Yemen, where several oil fields have been discovered to date," said TGS.
It is the first company to gather new geophysical data in the nation in almost 30 years.
Qasim Sh. Yusuf Ibrahim, minister of water and mineral resources in Somaliland, said previous drilling had proved the existence of hydrocarbons and the reservoir class rock formations.
"With the help of the new geophysical data, we can now map the structures needed to identify where the hydrocarbons are trapped."
The closing date for bids is Aug. 15, and concessions are scheduled to be awarded on Dec. 15.
Contact Uchenna Izundu at email@example.com.