Under the agreement, CGG will provide multi-client E&P data packages and interpretative products, in support of Cameroon’s 2018 licensing round opened and conducted by SNH for eight free blocks on offer, located in sedimentary basins offshore and onshore Cameroon.
The licensing round was opened on 15 January 2018, and is expected to close on 29 June 2018. Roadshows will be held in London from 28 February to 2 March 2018, and in Houston from 7-9 March 2018, with the participation of specialists from both SNH and CGG.
Cameroon is a proven hydrocarbon province with oil and gas production from both the Rio Del Rey (RDR) and Douala/Kribi-Campo (DKC) basins. Significant further opportunities exist for commercial hydrocarbon accumulations in both basins with large tracts of open acreage available, particularly in the DKC basin.
The petrophysical and geophysical analyses have identified potential missed opportunities from previous exploration, with more potential for large volumes of hydrocarbons to be present across these increasingly prospective basins.
The TerraCube suite of integrated data packages of the onshore and offshore DKC and RDR sedimentary basins is expected to offer oil and gas explorers access to workstation-ready 2D and 3D seismic, well data and interpretative products.
Jean-Georges Malcor, CEO of CGG, said, “The 2018 licensing round offers exciting opportunities for the international oil and gas industry to add strategic acreage positions with significant potential in proven hydrocarbon-bearing basins in Cameroon. With the integrated well and seismic packages, CGG is making available, in partnership with SNH, interested oil and gas companies will be able to focus on identifying the petroleum prospectivity for the available blocks.”
Source: Oil Review Africa