The Brisbane-based company today said Fugro would acquire 700km of 2D seismic data using the Geo Atlantic vessel.
Magnetic and gravimetric data will also be acquired in the survey.
RWE, who has farmed-in to Global’s interest in the exploration study agreement, has the right to earn up to 70% interest if the parties enter a production sharing contract with the Malta Government and RWE commits to drilling a well after the seismic program.
If RWE decides to drill the well, the costs associated with Global’s equity in Block 4 and 5 will be carried by RWE for the drilling, it said.
The survey is scheduled to begin this month and is expected to last two weeks.
Current interests in Blocks 4 and 5 are Global (80%) and operator RWE (20%).
