The National Oil Corp. (NOC), the national oil company of Libya, has signed an agreement with ION Geophysical Corp. and North Africa Geophysical Exploration Co. (NAGECO) to acquire 21,000km of 2D seismic data in Libya.
Known as LibyaSPAN, the 2D multi-client survey will be acquired in multiple phases. Phase 1 is planned to encompass over 7700km of new high-end long-offset seismic data covering the entire Libyan offshore in the Mediterranean.
Jason Robinson, Vice President EAME for ION’s GeoVentures division, commented, “We are very pleased that, following our long-standing relationship with NOC, this unique program is now able to move forward. LibyaSPAN is designed to create a comprehensive picture of the Libyan geology, tying all of the major basins and providing the deep imaging essential to understanding new exploration plays. With the anticipation of future license rounds in Libya, the data will help oil and gas companies evaluate large regions and focus on those areas with the highest chance of success.”
Data acquisition is anticipated to commence in mid-2014, with data delivery planned for the end of 2014.
Subscribe
