Mohamed Farag
Ganoub El-Wadi Petroleum Holding Company (GANOPE) is negotiating with five companies on collecting geophysical data in open areas in the company’s business scope at a value of $1bn.
Osama Farouk, vice chairperson for agreements and exploration at GANOPE, said that the value of the offers received by the company is estimated at $758m. The value has increased to $1bn, and two offers to collect data are expected to be merged.
The company is negotiating with PGS, CGG, KGS, Schlumberger, and Nageco companies. Discussions with them are being held every day about the offered data and technology.
