GeoPartners Signs Agreement to Acquire 3D Seismic in the Offshore Angoche Basin

Source: www.gulfoilandgas.com 7/13/2022, Location: Africa

GeoPartners has announced the signing of an exclusive agreement with the INSTITUTO NACIONAL DE PETROLEO ('INP'), on behalf of the Government of Mozambique, to conduct a major new Multi-Client 3D Geophysical Survey in the offshore Angoche Basin.

The project will comprise the acquisition of a minimum 12,000 sq km of 3D Multi-Client data over Blocks that will be awarded following the closure of the current 6th Licensing Round. Advanced new acquisition and imaging techniques will provide better illumination of complex structures to help reduce exploration risk and fast-track the region for potential production and development. Pre-acquisition permitting has started and it is anticipated that the 3D acquisition will commence in early 2023, with an expected duration of 6 months to complete and with early processed results available by end 2023.

Jim Gulland, Director of GeoPartners, announced, 'We are honoured to have concluded this new Agreement with INP to acquire this very large 3D seismic survey in the relatively underexplored but highly prospective Angoche Basin. The upcoming new Multi-Client 3D seismic acquisition program will help accelerate the identification of what will surely be the next wave of major discoveries in Mozambique.'


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