SILLENGER EXPLORATION CORP announced that it has retained the services of Fugro Airborne Surveys Corp to conduct the airborne geophysical survey of the Rio Muni region of Equatorial Guinea. The upcoming survey will help to reveal the locations of potential deposits and provide a detailed reading of the subsurface structures.
Fugro Airborne Surveys Corp is a subsidiary of Fugro Group which was founded in the Netherlands in 1962, and has become one of the world’s leading geophysics companies, with 12,000 employees working in 275 offices worldwide. Fugro provides the mining, oil & gas, and construction industries with most aspects of geophysics services, as well as drilling platforms, laboratories, vessels and aircraft.
As previously announced, Sillenger, through its relationship with FCMI Global Inc. and its African affiliates, has entered into a contract with the Government of the Republic of Equatorial Guinea to conduct an airborne geophysical survey of Rio Muni region (27,000 sq. km) of Equatorial Guinea, as well as 30 km of Continental Platform (4,500 sq. km) off the Atlantic coastline. Under the contract, Sillenger (FCMI) will be granted exploration mining concessions, including oil and gas concessions, which are revealed by the survey.
Equatorial Guinea, a major offshore oil producer, has a democratically elected government, and is one of the fastest growing economies in Africa. The Government of Equatorial Guinea has a strong desire to diversify its economy by developing its mining industry, and wishes to obtain a geological and geophysical database that will enable the detection of mineral, hydrocarbon and groundwater resources.