ION to conduct two 2D seismic surveys offshore East Africa

Offshore staff

HOUSTON – The Puntland Petroleum Minerals Agency (PPMA) has awarded ION Geophysical Corp. a contract to acquire 8,000 km (4,971 mi) of seismic data covering the entire Somalia Puntland offshore margin.

The regional 2D multi-client survey, known as PuntlandSPAN, is being conducted to support a future license round initiative and to assist in gaining a better understanding of the architecture of the sedimentary basin and the hydrocarbon potential of this unexplored offshore margin. Data acquisition is expected to begin in 4Q 2015.

In addition, the PPMA announced the demarcation of its offshore territory into 25 exploration blocks covering 180,000 sq km (69,498 sq mi) of the Somalia Puntland seaboard. In total, there are seven blocks in the Gulf of Aden and 18 blocks in the Indian Ocean that have been defined. Block sizes range from 5,000 sq km (1,931 sq mi) in the inshore area to 25,000 sq km (9,653 sq mi) in deeper water.

Dr. Issa Farah, director of the PPMA, said: “The creation of the block scheme is an important milestone in the development of oil and gas exploration within the jurisdiction of the autonomous State of Puntland. The PPMA is pleased to announce the availability of these blocks and looks forward to engaging with the industry to discuss their plans for the region.”

Joe Gagliardi, senior vice president of ION’s Ventures group, said: “We are very pleased to assist the PMAA in demarcating a block boundary scheme, which heralds an important step in their preparation for future licensing rounds offshore Puntland. The acquisition of the PuntlandSPAN data will provide valuable insight into the petroleum prospectivity of the region, and we are pleased to be a part of this ground-breaking program.”

ION also won a contract from the Tanzanian Petroleum Development Corp. to acquire 4,058 km (2,522 mi) of 2D seismic, gravity, and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma Delta region.

The 2D multi-client survey, to be known as TPDC Phase I 2015, is planned to be acquired in 4Q 2015.

09/02/2015

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