Offshore Guinea gets new look

摘要

Encouraging seismic data may open the door to an underexplored area. Hyperdynamics is in search of hydrocarbons offshore the Republic of Guinea. Its concession consists of more than 30,888 sq miles (80,000 sq km) and it is working under a production sharing contract (PSC) agreement that was consummated in September 2006 with the government. Combined with its operational status under the terms of the 1986 Petroleum Code, Hyperdynamics is working with a portfolio of both stratigraphic and structural prospects. Its principal prospects are turbidites found in the Upper Cretaceous section of the geologic section of a sub-basin known as the Bove Basin. This mini-basin is part of a greater basin known as the Greater Senegal Basin that hugs the West African coast. Hyperdynamics sees its exploration in this part of West Africa as part of the extension of the Transform Marginal Play that has received notoriety along the transpressional/extensional tectonic regimes offshore the coasts of countries like Ghana and Cote d'lvoire.