Partners TGS-Petrodata to acquire data for investorsNigeria’s rig count, an index measuring upstream activities in the oil and gas industry, rose, Year-on-Year, YoY, by 61.1 per cent to 29 in September 2023, from 18, recorded in the corresponding period of 2019, due to an increase in investment.
He said: “The PIA is positively impacting as it provides institutional governance, efficient administration, and attractive fiscal regimes while providing for host communities, thus creating a peaceful atmosphere for investment and operations. According to him, “We are currently partnering with TGS-Petrodata to acquire about 56,000 Square kilometers of 3D Seismic Gravity data in water depths ranging from 40 to 4,000m to further de-risk the Niger Delta deep and Ultra Deep Offshore.
“Therefore, the 3D seismic and gravity data belongs to the Nigerian Government. Based on section 71 of the PIA, the Commission and Federal Government of Nigeria shall benefit from the revenue that will be generated from the data use license that will be granted to interested exploration companies by TGS-PD.”He said: “Nigeria is very rich in all energy resources, including renewables and hydrocarbon resources.
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