TGS, a global leader in energy data and intelligence, announces the extension to its agreement with the Ministry of Petroleum and Mineral Resources (MOPMR). The agreement grants TGS the continued rights to market and license geophysical data covering Somalia\u2019s offshore basins.<\/p>\n\n\n\n
This agreement reinforces TGS\u2019 long-term commitment to supporting the development of Somalia\u2019s energy sector. TGS\u2019 comprehensive regional data library enables energy companies to evaluate the significant exploration potential across the country\u2019s offshore areas, which remain among the world\u2019s most underexplored regions.<\/p>\n\n\n\n
These datasets are critical for companies assessing investment opportunities across numerous available offshore blocks.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
\u201cThis extension further underscores our long-term commitment to the Federal Republic of Somalia and its offshore licensing program,\u201d said David Hajovsky, Executive Vice President Multi-Client at TGS. \u201cWith access to our exclusive, modern seismic and aeromagnetic library we are ready to support the Ministry of Petroleum & Mineral Resources as they open up one of the world\u2019s last frontier hydrocarbon provinces.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"