CGG awarded airborne gravity gradiometer survey in Tanzania
PARIS -- CGG has been awarded a contract by the Tanzanian Petroleum Development Corporation (TPDC) to acquire high-resolution gravity gradiometry and aeromagnetic data over two onshore areas along the South-Eastern Tanzanian Coastal basin and the eastern arm of the East African Rift.
Acquisition over a total area of 30,000 km2 will commence in mid-August 2015 and is scheduled to last up to two months. Using the industry's lowest noise Gravity Gradiometry, FALCON, CGG will deliver high-resolution data and interpretation to help evaluate the hydrocarbon potential of these basins ahead of future licensing rounds.
"We know that there have been significant discoveries in the Kenyan and Ugandan parts of the Rift Valley, and there may well be undiscovered oil or gas reserves on Tanzania's side," Dr. Mataragio, the managing director of TPDC, said. "The two-month-long basic Airborne Gravity Gradiometer survey is imperative given the significant reserves discovered in similar geological settings in Kenya and Uganda. The promotion of our blocks is part of TPDC's core business and this exploration effort will add value and attract investors."
Early this month, the Parliament of the United Republic of Tanzania passed a new Petroleum Bill, which will be signed soon. Under the new Petroleum Bill, TPDC is now lawfully recognized as a national oil company (NOC). The NOC will participate fully in exploration and production of oil and gas and this campaign in particular signifies the commercial commencement of NOC in E&P activities in Tanzania.
