After an in-depth technical and commercial assessment of the seven bids received in the May tender, Hyperdynamics awarded the contract to the Norwegian-based firm.
The 3,500sqkm survey will be purchased over two separate portions of the contract area with the aim of securing the complete imaging of the multiple prospects which were identified from the prior 2D seismic data.
The cost of the 3D seismic data acquisition is expected to be about $21m, and work is slated to commence in mid-July. Onshore support will be provided by Hyperdynamics’s office located in the Guinean capital of Conakry.
Ray Leonard, president and CEO of Hyperdynamics, said: “The 3D survey timing keeps us on track to commence drilling of our first exploration well before year-end 2011.”
