The survey, conducted on the companies’ behalf by Bergen Oilfield Services of Norway, entailed acquisition of just over 10,000km of 2D seismic to delineate areas of interest. Dana Petroleum and Repsol are expected to contribute their pro rata shares of the approximate $11m total cost of the program.
Ray Leonard, president and CEO of Hyperdynamics, said: “We utilized the initial data from this broad area study to help us select the most prospective offshore blocks that we want to retain for further exploration. With the 2D seismic data in hand, our next step will be to identify those areas over which we will want to conduct a 3D survey expected to get under way in the third quarter of this year.”
Hyperdynamics is an independent oil and gas exploration and production company that is exploring oil and gas offshore the Republic of Guinea in West Africa. It holds exploration and production license in West Africa in the Republic of Guinea covering 31,000 square miles.
