CGX Resources Inc has awarded a contract to Fugro-Geo Team for a vessel to undertake four weeks of 3D marine seismic work commencing next month in the Guyana Basin as the hunt for oil continues.
This is according to a press release from the company yesterday. The contract value is estimated to be US$13M and it is to be executed on a 500 square kilometre parcel. The programme is being funded by CGX from existing working capital. The name of the vessel is R/V Geo Pacific.
