Gewane-El Wiha - Prospecting for Oil

EthiopiaProject Description

In July 2014, Ethiopian Ministry of Mines and GPB GR signed Petroleum Production Sharing Agreement.

In January 2015, Bell Geospace, a world leader in Gravity Gradiometry, started Airborne FTG & Magnetic Survey in the Gewane-El Wiha license area and completed interpretation of data in September 2015. Considering the survey results, GPB GR specialists defined prospective areas for 2D Seismic Data Acquisition and, in April 2016, BGP Inc. (CNPC Group) completed 2D Seismic Acquisition. Petrotrace (Russia) is responsible for seismic data interpretation works.