The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded Petroleum Exploration Licence 5 (PEL5) to SeaSeisGeophysical Limited (SeaSeis) in partnership with TGS to undertake the acquisition and processing of new 3D seismic and gravity data.
The project aims to support more efficient exploration and development of Nigeria’s hydrocarbon resources.
The agreement was officially signed on Tuesday at the NUPRC headquarters in Abuja, marking a significant step in advancing data-driven exploration in Nigeria’s upstream sector, according to a statement on the Commission’s X handle on Wednesday.
PEL5, the statement stated, covers a large offshore area in the Eastern Niger Delta and is expected to provide high-resolution geophysical data for future hydrocarbon development.
The licence area spans 11,700 square kilometres offshore, with water depths ranging from 400 to 2,800 meters.
The project will involve the acquisition and processing of 3D seismic and gravity data, aimed at improving subsurface understanding.
NUPRC stated the project will enhance hydrocarbon prospectivity and support more efficient upstream development in line with Section 71(1-10) of the Petroleum Industry Act (PIA) 2021.
The seismic survey is expected to generate data that will facilitate better planning and investment decisions in Nigeria’s offshore oil and gas sector.
