News
NovaSeis, Northbridge Sign MOU on seismic services in Nigeria
San Leon Energy has announced its wholly-owned subsidiary, NovaSeis, signed a Memorandum of Understanding with Northbridge Energy Ltd to provide seismic acquisition and interpretation services in Nigeria.
Subject to final documentation, expected to be completed before year end, NovaSeis will contribute acquisition equipment and personnel together with interpretation expertise, as part of the agreement. Northbridge, on the other hand, will provide work sourcing, permitting, local personnel and services.
Oisin Fanning, San Leon executive chairman, commented in a company statement: “The company has put significant effort into generating cashflow from NovaSeis, and includes a newly appointed CEO NovaSeis, Tim Branch, who has more than 30 years’ experience across multiple seismic disciplines including senior international management roles.
“The MoU signed with Northbridge is expected to generate near-term seismic acquisition and interpretation cashflow in Nigeria by combining NovaSeis’ extensive acquisition and interpretation experience and capability, with Northbridge’s local knowledge and networks.”
Continue Reading
-
Aviation1 week agoNigeria ends third-party visa processing in U.S, directs applicants to embassy, consulates
-
Business1 week agoFCCPC floors Air Peace as Court upholds authority to probe airline fare complaints
-
Latest4 days agoLagos NURTW organising secretary Toba Ajiboye dies after gunmen attack
-
Comments and Issues1 week ago‘Olodo Uprising’: When anti-intellectualism threatens good governance
-
News1 week agoEdo Police impose movement restriction ahead of Saturday’s LG’s elections
-
Business1 week agoHeavy reliance on portfolio inflows threatens Nigeria’s $51bn reserves — EBC
-
Business6 days agoNCC chief highlights trust as key to Nigeria’s digital transformation
-
Business1 week agoNigerian Banks face rising climate-related credit risks, Fitch says