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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Spectrum ASA    SPU   NO0010429145

SPECTRUM ASA

(SPU)
Delayed Quote. Delayed Oslo Bors - 08/14 10:25:04 am
54.5 NOK   -12.24%
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Spectrum : Gabon Opens 12th Offshore Licensing Round in Cape Town Announcement

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11/07/2018 | 04:58am EDT

The Republic of Gabon has announced the opening of its highly-anticipated 12th Shallow and Deep Water Licensing Round at the 25th Africa Oil Week in Cape Town.

H.E. Pascal HOUANGNI AMBOUROUE, Minister of Oil and Hydrocarbons, made the announcement during a special session within the main auditorium of the Africa Oil Week event on Wednesday 7 November 2018. This announcement was followed by a technical and fiscal workshop to detail the new petroleum code, the license round and associated terms. The Minister also released information on available blocks, the improved fiscal terms, round timings and conditions of the 12th Gabon Licensing Round.

Provisional dates and venues of follow-up global licence round Road Shows, supported by Spectrum, are as follows:

  • 6 December 2018 - Houston, TX, USA
  • 15 January 2019 - London, United Kingdom
  • 19 February 2019 - Singapore, Singapore
  • 26-28 March 2019 - APPO Cape VII Conference, Malabo, Equatorial Guinea

The license round is due to close on 22 April 2019.


2018 Seismic for Block Evaluation
Spectrum, in collaboration with the Direction Générale des Hydrocarbures (DGH) has undertaken a number of shallow water 3D seismic surveys across the open blocks available in the 12th License Round. This data provides the industry with state of the art 3D broadband data. A variety of plays are targeted to allow a new generation of oil exploration in these prolific basins.

Seismic has been acquired in both north and south of the country. The 11,500 km2 southern survey, now complete, is the definitive dataset to image the pre-salt and, for the first time, intra syn-rift plays can be targeted. In the North, acquisition of a 5,500 km2 3D survey images pre and post-salt targets.

Data is available now for License Round evaluation facilitating immediate activity when the blocks are awarded.

Disclaimer

Spectrum ASA published this content on 07 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 November 2018 08:57:01 UTC


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