Seychelles oil company (SEYPEC), Fugro and Geomahakarsa have agreed to cooperate on the acquisition, processing, interpretation, and licensing of geoscientific data within the Seychelles Exclusive Economic Zone (EEZ) on a multi-client basis. Fugro Data Services and Geomahakarsa will together acquire over 17,000 km of 2D seismic, gravity, and magnetic data within the Seychelles EEZ.
Fugro and GL are geophysical services companies to the international petroleum industry which undertake projects for the acquisition, processing, imaging, and interpretation of seismic data. SEYPEC has determined the project will improve geophysical data and geological understanding to promote interest in hydrocarbon exploration in the Republic of Seychelles. All the data acquired will be made available for licence to oil and gas companies who are keen to explore for hydrocarbons in the EEZ of the Seychelles.Data acquisition is expected to take place during the last quarter of 2010. The data is estimated to be available for licensing around the middle of 2011.
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