Gazprom Neft completes seismic survey work on the Equatorial Guinea shelf
10 марта 2011 г.
Gazprom Neft has completed 3-D seismic survey work on the Equatorial Guinea shelf (block T) in the Niger Delta river basin.
The seismic studies covered around 300 square kilometres of the block's area, which meets the company's commitments regarding the Production Sharing Agreement (PSA) under whose conditions the project is being carried out.
An independent appraisal of the geological model created following interpretation of the data will be carried out by the international company RPS Energy, which has considerable experience in geological modelling in the Gulf of Guinea.
In addition, the implementation of these projects in Equatorial Guinea will help extend the company's experience of working on offshore deposits, including working as an operator", said Boris Zilbermints, Gazprom Neft's Deputy CEO for Exploration and Production.
Gazprom Neft is carrying out the project for the development of two offshore blocks - T (located in the Niger Delta river basin) and U (in the Rio Muni basin) in Equatorial Guinea - under the conditions of a PSA. The agreement was signed in June 2010 with Equatorial Guinea's Ministry of Mines, Industry and Energy and the National Oil Company of Equatorial Guinea GEPetrol, and was ratified by Theodore Obiang Ngemo Mbasogo, President of the Republic, in August 2010. The agreement provides for the costs incurred by the investors to be refunded after the start of commercial production of oil, with income-generating production being subsequently divided between the investor and the state.
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