TGS, a global leader in energy data and intelligence, announces the extension to its agreement with the Somali Petroleum Authority. The agreement grants TGS the continued rights to market and license geophysical data covering Somalia’s offshore basins.
This agreement reinforces TGS’ long-term commitment to supporting the development of Somalia’s energy sector. TGS’ comprehensive regional data library enables energy companies to evaluate the significant exploration potential across the country’s offshore areas, which remain among the world’s most underexplored regions.
These datasets are critical for companies assessing investment opportunities across numerous available offshore blocks.
Through this agreement, TGS will continue to offer, exclusively, over 46,000-line kilometers of modern 2D seismic data and more than 50,000 kilometers of aeromagnetic data. TGS is therefore able to provide essential insight into the geological framework and prospectivity of the region through cutting-edge acquisition technology and advanced imaging solutions.
“This extension further underscores our long-term commitment to the Federal Republic of Somalia and its offshore licensing program,” said David Hajovsky, Executive Vice President Multi-Client at TGS. “With access to our exclusive, modern seismic and aeromagnetic library we are ready to support both the Somali Petroleum Authority and the Ministry of Petroleum & Mineral Resources as they open up one of the world’s last frontier hydrocarbon provinces.”