Spectrum ASA a company focused on delivering high-quality Multi-Client seismic data and holds the world’s largest 2D offshore library has entered into a Multi-client master co-operation agreement with the federal government of Somalia.

The agreement which was signed during a signing ceremony on the 5th of September at the SYL Hotel, Mogadishu, allows Spectrum to acquire approximately 28,000 km of long offset 2D seismic data offshore south of Somalia.

 “This historic seismic data agreement will be the resumption of the exploration program of the hydrocarbon reserves of our country, which will be a turning point for the economic development of our nation.” the Minister for Petroleum and Mineral Resources, Mohamed Mukhtar Ibrahim, told energy-pedia at the ceremony.

The new procurement has been specially designed to complement 20,000 km of existing seismic that was acquired in 2014. Spectrum has also been approved of the marketing rights for this data. Together, the seismic surveys will allow the in-depth study of hydrocarbon prospectivity offshore Somalia, which lies in close proximity to major discoveries on the East African margin. Spectrum will use its global reach to market both data sets and raise industry interest.

However, according to the Prime Minister of the Federal Republic of Somalia Omar Abdirashid Sharmarke (photo), “Seismic data can lead to good decision-making and a guided exploration strategy.”