几内亚总统批准Hyperdynamics海上勘探计划

Oil and gas exploration firm Hyperdynamics, with an offshore block in Guinea, has received a notice of a Presidential Decree signed by the President of the Republic of Guinea, Alpha Conde, implementing the recently agreed terms for an offshore block in the country.

To remind, Hyperdynamics signed the Second Amendment to its Production Sharing Contract approved by the government on September 15, 2016, subject to the president’s approval. “The signature by Guinea’s President Conde implementing the Second Amendment to our Production Sharing Contract is the final step that clears the way for Hyperdynamics to resume exploration of Guinea’s vast and largely untested hydrocarbon resource potential as Operator and 100% owner of our concession,” said Hyperdynamics President and Chief Executive Officer Ray Leonard. The Second Amendment extends the term of the Production Sharing Contract through September 22, 2017.

Hyperdynamics retains an area of 5,000 square kilometers in the Guinea offshore. The company is obligated to drill one exploratory well with a projected start date of April 2017, with additional wells optional.