Seismic Data Agreements Offshore Somalia
Spectrum, Norway, entered into a multi-client master co-operation agreement with the federal government of Somalia during a signing ceremony on 5 September 2015 at the SYL Hotel, Mogadishu. The agreement allows Spectrum to acquire approximately 28,000km of long offset 2D seismic data offshore south Somalia. The new acquisition has been specifically designed to complement 20,000km of existing seismic that was acquired in 2014.
Spectrum has also been granted the marketing rights for this data. Together, these seismic surveys will allow the in-depth study of hydrocarbon prospectivity offshore Somalia, which lies in close proximity to major discoveries on the East African margin. Spectrum will use its global reach to market both data sets and raise industry interest.
