Geoex and Statoil have signed oil exploration agreements with Nicaraguan state-owned fuel-distribution company DNP-Petronic.
MCG is, in cooperation with Exploro AS, pleased to announce the completion of the acquisition of our Super High Resolution MC2D survey in the Hoop area in the Norwegian Barents Sea.
MCG is pleased to announce that the processing of the MCG1302 data has been finalized. The survey covers license PL720, awarded in the 22nd Concession Round, and open acreage in the Stappen High area in the western part of the Barents Sea.
On the 5th of June, MCG and Exploro mobilized Gardline's Polar Surveyor for the Super High-Resolution MC2D survey in the Hoop area in the Norwegian Barents Sea.
Researcher Kamaldeen Omosanya (to the left), previously at Cardiff University and University of Leeds, will conduct a Postdoctoral study at Institute of Petroleum Technology and Applied Geohysics, NTNU in Trondheim between 2014-17 using MCG's present Barents Sea database of 38,000 km seismic. The project will be supervised by NTNU Professor Ståle Johansen...
MCG would like to draw particular attention to the newly added blocks in the western part of the Barents Sea APA2014 area. Brand new MC2D data covering this area was acquired and broadband processed in 2013 (MCG1301). This modern dataset in a 4km x 4 km grid provides a consistent grid for defining prospects.
The Board of Directors has approved the consolidated financial statements for the first quarter of 2014. The financial report is available here.