Gulf Oil and Gas accountACCOUNT

Gabon to Launch Licensing Round for Over 40 Blocks

Source: Reuters 11/5/2009, Location: Africa

Share |
Gabon will open a new oil licensing round for over 40 blocks from two of its deepwater basins in May next year, an official at CGGVeritas said. "The licensing round will be announced in May 2010 and it will close in November that same year," said Steve Toothill, chief geologist at the geophysical contractor.

"It's a deepwater licensing round and we are looking at sub-salt plays," he told Reuters on the sidelines of an African oil conference.

He said some companies have already shown interest in the blocks to be offered.

"There are already some companies who have signed up to buy data in the area they are all deepwater players; it will be expensive drilling so that's why the big major and the larger independents are interested," he said. Toothill said his company CGGVeritas bought around 12,000 km of new seismic data and had reprocessed a lot of existing data.

We have seen some big structures below the salt so there could be some very large fields there is big potential there," he said.

"You have a vast unexplored basin and what drilling has been there have so far only been above the salt."

Oil Field Services News in Gabon >>

Nigeria >>  11/20/2017 - Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing ...
Egypt >>  11/15/2017 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Gabon Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Gabon >>


Related Links

AO BJ BW CD CG CI CM DZ EG EH ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.