Ghana: Bid round plans

Issue 369 - 18 May 2018 | 2 minute read

Houston-based ION Geophysical Corporation on 2 May announced the start of acquisition of a new 2D multi-client seismic survey offshore Ghana in preparation for a licensing round planned for late 2018. ION and its partners Geoex and Ghana Geophysical will acquire up to 7,200km of data to help refine understanding of the hydrocarbon potential of the area. The government is moving from an open-door licensing system to its first competitive bid round following petroleum legislation passed in August 2016 which updated the 1984 law.

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