Oslo-listed Electromagnetic Geoservices (EMGS) has been awarded a contract from Nabirm Global LLC for a proprietary 3D CSEM survey over Block 2113A in the Walvis Basin offshore Namibia.
The program, valued at over $1 million, will cover acreage in block 2113A, petroleum exploration license 0058 in the Walvis basin.
Under the contract, EMGS will also provide processing, inversion and interpretation services to Nabirm post-acquisition, EMGS said.
Subject to vessel availability, acquisition is scheduled for 1Q/2Q 2020, with an automatic termination in the event of no availability in May 2020.
CEO of EMGS, Bjørn Petter Lindhom said: “We well placed to deliver significant value to customers operating offshore Africa, and that the importance of the African market will increase going forward.We are working on developing a 2020 multi-client campaign offshore Namibia, which will allow us to deploy a vessel to the region.”
CEO of Nabirm, Olayinka Arowolo said: “We are pleased to be working with EMGS on this project; it is a significant opportunity for all our stakeholders as this will be the first survey of its kind in the region. We believe that EMGS’s proprietary technology will help us de-risk our prospects significantly. Risk Based Solutions Namibia will assist with obtaining the required Environmental Clearance Certificate prior to the acquisition.”