San Leon Energy’s seismic subsidiary NovaSeis has signed a memorandum of understanding with Nigeria’s Northbridge Energy to provide seismic acquisition and interpretation services.
The joint venture project will see NovaSeis contribute acquisition equipment and personnel together with interpretation expertise. Northbridge will provide work sourcing, permitting, local personnel and services.
One of the conditions for San Leon entering into a MoU with Northbridge was the award of a permit to undertake seismic data acquisition and processing and interpretation, which has now been received.
NovaSeis also has a newly-appointed chief executive at NovaSeis, Tim Branch, who has more than 30 years’ experience across multiple seismic disciplines including senior international management roles.
San Leon executive chairman Oisin Fanning, said: “The MoU signed with Northbridge is expected to generate near-term seismic acquisition and interpretation cashflow in Nigeria by combining NovaSeis’ extensive acquisition and interpretation experience and capability, with Northbridge’s local knowledge and networks.
“The expeditious nature of the award of the permit to undertake seismic acquisition, processing and interpretation provides San Leon with great comfort that, in Northbridge, the company has found a similar-minded and well-respected partner.”