TGS Extends Offshore Deal in Somalia

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Norwegian company TGS renewed its data marketing and licensing agreement with the Somali Petroleum Authority, extending rights to market over 46,000 km of 2D seismic data and more than 50,000 km of aeromagnetic surveys. The company said the renewal supports Somalia’s offshore licensing efforts by providing essential geophysical datasets for exploration screening. The move comes amid rising international interest in Somalia’s offshore basins, with several global firms conducting surveys and early-stage assessments.