RE: this is a given8 Feb 2019 09:25
Decisions will be made after the 3D seismic.
Under the terms of the Farm Out Agreement, Shell will acquire a 70 per cent. working interest in Licence P2252, and be appointed as the licence operator, in return for paying 100 per cent. of the costs of an agreed forward work programme to the earlier of 31 December 2020 or the date on which a well investment decision is made.
The agreed work programme for P2252 includes the shooting of not less than 400km2 of new broadband 3D seismic data over the Pensacola prospect in the summer of 2019