Under the memorandum of understanding (MoU), AGR and SP Offshore will work together on exploration studies, including seismic interpretation, basin modeling, and resource assessments on blocks 38, 39, and 40 located in the Comoros.
The work will be followed by the drilling of an ultra-deepwater exploration well between Mozambique and the Comoros.
Through its subsidiary SPO E&P (Comoros) SARL, SP Offshore works for Western Energy (USA) and Safari Petroleum (Jersey) in the territorial waters of the Comoros.
In March 2014, Western Energy East Africa and Safari Petroleum Indian Ocean secured a production sharing contract in blocks 38, 39, and 40 in the Comoros.
With operations in Nigeria, Comoros, South Africa and Mozambique, SP Offshore provides oil and gas project services primarily to Western Energy (USA) and Safari Petroleum (Jersey).
