The seismic data is being acquired by PGS utilizing its state-of-the-art vessel, M/V Ramform Challenger. The acquisition program, which commenced on 31 July, represents the first 3D seismic ever acquired in East Africa. The Vanco Group is exploring in Madagascar under a Production Sharing Contract signed with OMNIS, the national oil and gas company, in March of 2001.
The joint venture group comprises Vanco Madagascar Ltd. (Operator - 30%), ExxonMobil Exploration and Production Madagascar Majunga Ltd. (40%) and Norsk Hydro Majunga AS (30%).
Vanco Energy Company is a Houston-based independent oil and gas company engaged in international exploration and operations. Vanco is a leading deepwater license holder offshore Africa with over 20 million net acres offshore Morocco, Cote d'Ivoire, Madagascar, Ghana and Equatorial Guinea.
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